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3 years ago

An example of a start-up cost is _____.

Business

2 answers:

Free_Kalibri [48]3 years ago

5 0

Paying a graphic designer to create a logo.

victus00 [196]3 years ago

4 0

Answer:

Explanation:

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Below is the trial balance for Sugar Almonds Ltd as at 31st December 2020

valentina_108 [34]

Answer:

Net income = $31,130

Total Assets = Owner's Equity and Liabilities = $104,230

Explanation:

The the Income Statement of Profit or Loss and the Statement of Financial Position can be prepared as follows:

Sugar Almonds Ltd

Income Statement of Profit or Loss

For the Year Ended 31st December 2020

Particulars $ $

Sales Revenue 93,700

Cost of sales:

Opening inventory 12,000

Purchases 49,000

Closing inventory - income statement (24,350)

Cost of sales (36,650)

Gross profit 57,050

Operating expenses:

Administrative Expenses (850)

Rent paid (2,000)

Telephone (900)

Wages (21,650)

Travel expenses (330)

Total operating expenses (25,730)

Interest income (expense):

Interest paid (190)

Net income  31,130 

Sugar Almonds Ltd

The Statement of Financial Position

As at 31st December 2020

Particulars $ $

Fixed Assets

Premises at cost 70,000

Vehicles at cost 5,800

Total Fixed Assets 75,800

Current Assets

Cash 630

Bank 2,100

Closing inventory - Statmt of fin positn 24,350

Trade Receivables 1,350

Total Current Assets 28,430

Total Assets  104,230 

Owner's Equity

Capital 72,000

Drawings (6,450)

Net income 31,130

Total Owner's Equity 96,680

Current Liabilities

Trade Payables 6,400

VAT 1,150

Total Current Liabilities 7,550

Owner's Equity and Liabilities  104,230 

6 0

3 years ago

Assume Dell's yearly inventory cost is 30 percent to account for the cost of capital for financing the inventory, the warehouse

JulijaS [17]

Answer:

See below

Explanation

1. Value of inventory sold

= $280 million in inventory + COGS $23,100 million

= $303,100 million

2. Cost of goods sold

From the above passage, we have been given the COGS , which is $23,100 million

3. Compute inventory turns

= Cost of goods sold / Average stock

= $23,100 million / $151,550

5 0

3 years ago

The total annual expenditures on advertising in the United States Multiple Choice peaked last year at approximately $700 billion

sweet [91]

The total annual expenditures on advertising in the United States is about $420 billion.

Explanation:

In general, promotional expenses should be listed on the Income Statement of the organization.

Look for "advertising expenses," "marketing expenses" or "sale expenses." Often these costs may be combined in other financial or general costs.

Collectively, the top 200 marketers in the US spend a whopping 163 billion dollars on ads in 2018, up 3.6 per cent year on year, according to Ad Age's latest Leading National Marketers study.

5 0

3 years ago

The amount of interest is determined by multiplying the amount in savings by the:

beks73 [17]

I think the most appropriate answer would be B.

I hope it helped you!

5 0

3 years ago

Which of these following states are true?

andre [41]

The correct should be A.

5 0

4 years ago