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3 years ago

Which annual financial statement tells what has been earned, what has been spent, and what is left over?

Business

1 answer:

gizmo_the_mogwai [7]3 years ago

8 0

Answer:

Income statement

Explanation:

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Cathy, the manager of Cathy’s Catering, Inc., uses activity-based costing to compute the costs of her catered parties. Each part

Elenna [48]

Answer:

a. $1,042

b. $1,864

Explanation:

a. The computation of cost of a 20-guest afternoon picnic is shown below:-

Particulars Amount

Advertising $89 ($89 × 1 per party)

Add: Renting equipment $251 ($51 × 1 per party) + ($10 × 20 guests)

Add: Planning $90 ($90 × 1 per party)

Add: Obtaining insurance $155 ($155 × 1 per party)

Add: Preparing foods $320 ($19 × 20 per party)

Add: Serving $140 ($58 × 5 servers)

Total cost of afternoon picnic $1,042

b. The computation of cost of a 20-guest afternoon picnic is shown below:-

Particulars Amount

Advertising $89 ($89 × 1 per party)

Add: Planning $134 ($134 × 1 per party)

Add: Renting equipment $277 ($77 × 1 per party) + ($10 × 20 guests)

Add: Obtaining insurance $430 ($430 × 1 per party)

Add: Serving $395 ($79 × 5 servers)

Add: Preparing foods $540 ($27 × 20 guests)

Total cost of evening formal dinner $1,864

3 0

4 years ago

The primary weakness of EBIT-EPS analysis is that A. it double counts the cost of debt financing. B. it applies only to firms wi

vladimir1956 [14]

Answer: Option B

Explanation: EBIT- EPS analysis refers to the analysis in which the potential investors of an organisation judge that organisation on the basis of its ability ot bear operating expense and the amount of revenue they shared with the investors in the past.

EBIT- EPS analysis takes all kinds of expenses into consideration but do not evaluate the implicit cost of taking debt. This analysis do not consider the increase in value of equity due to the issuance of debt as shareholders will now have to bear a higher risk.

7 0

3 years ago

All else equal, if there are diminishing returns, then which of the following is true if a country increases its capital by one

Romashka [77]

Answer:

The output will rise by more than it did when the previous unit was added.

Explanation:

7 0

2 years ago

Labor market equilibrium is best characterized by Group of answer choices a wage at which all workers are above the poverty leve

Cloud [144]

Answer:

a wage at which the number of people willing to work equals the number of workers firms are willing to hire

Explanation:

Labor market equilibrium is where the demand curve for labour interests the supply curve for labour. At this point, the wage rate is the wage at which the number of people willing to work equals the number of workers firms are willing to hire

Please check the attached image for a graph depicting equilibrium in the labour market

8 0

3 years ago

If the government increase its regulations on business, production costs go

boyakko [2]

Answer:

false

it can increase instead of decreasing

4 0

4 years ago

Read 2 more answers