Answer:
The manager of the grocery chain should put two types of products:
1) products that are staple in Valentine's Day, because they are very likely to be sold in large numers.
2) products that have low price elasticity, or that are relatively inelastic, because these products will be sold in important quantities even if theirprices are moderately increased, bringing more profit to the firm.
<span>The two are T1 and frame relay. T1 is the common type used for organizations that do not have their own fixed wireless connections or cable connections. Frame relay is a packet-switching mode of transmission that uses the endpoints of the connections as the error-checking and correcting terminals in the route.</span>
Answer:
Revenue is understated by $1520
Profit is understated by $1520
Accounts receivable is understated by $1520
Retained earnings is understated by $1520
Explanation:
The guideline on recognition of revenue is accrual basis of accounting, which is that revenue is recognized when it has been earned, in other words when the business has discharged its obligation to the other party by a way of delivering goods or services to clients.
Specifically,by not recording an adjusting for the $1520 revenue earned but not yet received,the revenue for the period would be understated by $1520 as well as profit for the year.
Also,asset,accounts receivable would also be understated by $1520 including retained earnings at the end of the year
Technology
<span> “Digital technology has revolutionized information delivery. Forever blurring the lines between information and entertainment.” As a matter of fact, digital technology with the co-existence of the internet has evolutionarily change the pace of communication and interaction between two worlds, spheres, spaces and entities. The downside of this fact is that there is an ongoing cataclysmic overlapping of both gossip and news by the uprising of social media like Twitter, Facebook and other social networking sites. In this the news fails to prevail. <span>
</span></span><span>Attaining a skill in driving an automobile is not by any means culture-related. It is an influence of a global mainstream of the science community which invoked technology into being. Technology encompasses such being able to use your gadgets such as cellphones, tablets and other devices. It also needs to be learned and not by any means under culture. A pilot learning skillfully to manipulate a plane, a captain to his ship and etc. all of which are examples of technological advancement and is global.
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Answer:
Surry Co.
Income Statement for the year ended December 31, 2016
Sales $915000
Less Cost of Merchandise Sold $670000
Gross Profit $245000
<u>LESS OPERATING INCOME</u>
<u><em>Selling Expenses</em></u>
Customer Refunds and allowances $ 55000
Selling expenses $ 120000 $175000
<u><em>Administrative Expenses</em></u>
Administrative expenses $ 30000 $30000
Total Operating expenses $205000
Operating Income $ 40000
<u>NON-OPERATING INCOME</u>
Interest Expense ($12000)
Rent Revenue $19000
Total Non-operating Income $ 7000
Net Income $47000
Explanation:
A multiple-step Income Statement separate Operating Revenues and Operating Expenses from Non-Operating Revenues and Non-Operating Expense.
