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RoseWind [281]
3 years ago
6

A(n) ______ cost requires a future outlay of cash and is relevant for current and future decision making. Multiple choice questi

on. opportunity sunk historical out-of-pocket
Business
1 answer:
Liono4ka [1.6K]3 years ago
5 0

Answer:

out-of-pocket

Explanation:

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Generally, an out-of-pocket cost requires that an individual or business outlay their future cash-flow and it must be relevant for current and future decision making.

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Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians p
jasenka [17]

Answer:

d. Revenue of $375

Explanation:

The amount paid by the Vetmed associates is an expense for associates

The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

= Amount paid to statisticians * % Received

= $1,500 * 25%

= $375

6 0
3 years ago
Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frown
-BARSIC- [3]

Answer: ethical

Explanation:

Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frowns on this type of activity. Gordon is facing ethical dilemma.

Ethical dilemmas, is a dilemma that has to do with morals and principles which involves an option that isn't ethically acceptable. In this scenario, Gordon's company doesn't support activities like giving free tickets to customers and at the same time, he wants to win back his customer. He is faced with ethical dilemma as he's aware that giving out the ticket won't be supported by his company even though to him,it feels like the right thing to do to win back his customer.

7 0
3 years ago
What is meta genetics​
Lera25 [3.4K]

Metagenomics is the study of genetic material recovered directly from environmental samples. The broad field may also be referred to as environmental genomics, ecogenomics or community genomics.

Hope it helped!

5 0
2 years ago
Mays Corp. reported free cash flows for 2018 of $491 million and investment in operating capital of $321 million. Mays Corp. inc
Anon25 [30]

Answer: $975 million

Explanation:

Given the above details, we can solve for Earnings Before Tax and Interest with the following formula,

Operating Cash Flow = EBIT – Taxes on EBIT + Depreciation

Making EBIT the subject would turn it to be,

EBIT = Operating Cash Flow + Taxes on EBIT - Depreciation

We have all of the above except the EBIT and Operating Cash Flow.

Luckily we can solve for the Operating Cash Flow with the details given using,

Operating cash flow = Free Cash Flow + Investment in operating capital

Therefore,

= $491 million + $321 million

= $812 million

Operating cash flow is $812 million

Plugging it into the original formula we have,

EBIT = Operating Cash Flow + Taxes on EBIT - Depreciation

EBIT = $812 million + $309 million - $146 million

EBIT = $975 million

Earnings before Taxes and Interest is $975 million.

If you need any clarification do react or comment.

5 0
3 years ago
Report Assessment: Givens Graphics Company was organized on January 1, 2010, by Sue Givens. At the end of the first 6 months of
Charra [1.4K]

Answer:

Givens Graphics Company

(a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.):

1. Debit Supplies Expense $2,400

Credit Supplies $2,400

To accrue supplies used to date.

2. Debit Interest Expense $750

Credit Interest Payable $750

To accrue interest due.

3. Debit Insurance Expense $600

Credit Insurance Prepaid $600

To accrue the insurance expense for 4 months.

4. Debit Consulting Fees (Unearned) $4,500

Credit Consulting Fees Earned $4,500

To accrue earned consulting fees.

5. Debit Accounts Receivable $2,000

Credit Graphic Revenue Earned $2,000

To accrued earned revenue.

6. Debit Depreciation Expense $1,000

Credit Accumulated Depreciation $1,000

To record depreciation charge for six months.

(b) Adjusted trial balance:

Cash                             $ 9,500

Accounts Receivable    16,000

Equipment                    45,000

Insurance Expense           600

Insurance Prepaid          1,200

Salaries Expense         30,000

Supplies Expense          2,400

Supplies                          1,300

Advertising Expense      1,900

Rent Expense                 1,500

Utilities Expense            1,700

Notes Payable                              $ 20,000

Interest Expense             750

Interest Payable                                    750

Depreciation Expense  1,000

Accumulated Depreciation                1,000

Accounts Payable                              9,000

Sue Givens, Capital                         22,000

Graphic Revenue                             54,100

Unearned Consulting Revenue        1,500

Consulting Revenue                         4,500

Total                           $112,850   $112,850

(ci) Income statement for the 6 months ended June 30:

Graphic Revenue                             $54,100

Consulting Revenue                           4,500

Total Revenue                               $58,600

Less Expenses:

Insurance Expense           600

Salaries Expense         30,000

Supplies Expense          2,400

Advertising Expense      1,900

Rent Expense                 1,500

Utilities Expense            1,700

Interest Expense             750

Depreciation Expense  1,000        $39,850

Net Income                                     $18,750

(cii) Owner's equity statement for the 6 months ended June 30:

Sue Givens, Capital    $22,000

Retained Earnings         18,750

Total Equity                $40,750

(ciii) Balance sheet at June 30:

Assets:

Cash                                                $ 9,500

Accounts Receivable                       16,000

Insurance Prepaid                              1,200

Supplies                                              1,300

Equipment                                       45,000

Total Assets                                 $73,000

Liabilities + Equity:

Notes Payable                             $ 20,000

Interest Payable                                   750

Accumulated Depreciation               1,000

Accounts Payable                             9,000

Unearned Consulting Revenue       1,500

Sue Givens, Capital                       22,000

Retained Earnings                          18,750

Total Liabilities + Equity            $73,000

Explanation:

a) Unadjusted Trial Balance at June 30:

Cash                             $ 9,500

Accounts Receivable    14,000

Equipment                    45,000

Insurance Expense         1,800

Salaries Expense         30,000

Supplies Expense          3,700

Advertising Expense      1,900

Rent Expense                 1,500

Utilities Expense            1,700

Notes Payable                              $ 20,000

Accounts Payable                              9,000

Sue Givens, Capital                         22,000

Graphic Revenue                             52,100

Consulting Revenue                         6,000

Total                       $109,100       $109,100

b) Adjusting Journal Entries are end of period adjustments (accrued expenses and revenue, unearned revenue and prepaid expenses, and depreciation charges) made to the accounts to match them to the accrual basis of generally accepted accounting principles.

6 0
3 years ago
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