1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inessss [21]
3 years ago
12

The income statement for the month of June, 2018 of Sarasota Enterprises contains the following information:

Business
1 answer:
BlackZzzverrR [31]3 years ago
8 0

Answer:

b) credit to Rent Expense for $1530

Explanation:

Date Accounts and Explanation     Debit     Credit

         Income Summary                   $5,550

             Salaries & Wages Expense              $2,900

             Rent Expense                                    $1,530

             Advertising Expense                         $740

             Supplies Expense                              $270

             Insurance Expense                             $110

        (To Close the expense accounts)  

You might be interested in
What is the difference between the value of a​ firm's final product and the value added by the firm to the final​ product?
sweet [91]

Answer:

The value of a firm's final product is the selling price whereas value added refers to the addition of value to the raw material (intermediate products).

Explanation:

The term "value added" describes the enhancement a company gives to its product before offering it to the customer. It can be considered as an extra special feature added by a company to increase the value of a final product.

3 0
3 years ago
The level of inventory of a manufactured product has increased by 8,000 units during a period. The following data are also avail
LiRa [457]

Answer:

There will be a difference in the income .

Absorption costing income will be lower as it transfers all the fixed costs to the ending inventory.

Variable costing income will be higher as it does not transfer  the fixed costs to the ending inventory.

The difference will be  of $ 104000

Explanation:

Increase in units 8000                                                              

                                                              Variable       Fixed

Unit manufacturing costs of the period $24.00 $10.00

Unit operating expenses of the period    8.00       3.00

Total Unit Costs                                       $ 32.00    $ 13.00

The net operating income under variable costing for the year will be $ 13* 8000= $ 104000 Lower than the net operating income under  absorption costing.  This is because the all fixed costs will be treated as period cost rather than product costs.

In variable costing the ending inventory will be $104000 lower than the ending inventory under absorption costing  because the fixed costs will not be allocated to products.

Under variable costing, the units in the ending inventory will be costed at $32 each.Under absorption costing, the units in the ending inventory will be costed at $32+ $ 13= $ 45 each.

7 0
3 years ago
When economists talk about the "standard of living," they are generally referring to:?
zimovet [89]
<span>The economists are usually referring to people that is the performance of baby boomers and older employees in general prior to their retirement years and also the level of overall well-being enjoyed by an economy. 0 the amount of savings and skill an economy has achieved. On the level of government involvement in the economy's production of goods and services. 0 the amount of money that an economy has formed to spend.</span>
8 0
3 years ago
Film and theater productions that meet certain criteria may qualify for ____, given by individuals or organizations that set for
kenny6666 [7]

Answer:

Grant.

Explanation:

According to my research on different financial aid's, I can say that based on the information provided within the question the term being mentioned in the question is called a Grant. Like defined in the question, this is a financial aid that is given to people or groups that meet certain requirements in order to help them continue and further expand on their work. These Grant's are given as a form of donation by individuals or organizations that appreciate the work being done.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Star Corp. has a rate of return on assets of 10% and a debt/equity ratio of 2 to 1 before entering into an operating lease. Not
Fynjy0 [20]

Answer:

The return on assets and debt/equity ratio does not change

Explanation:

An operating lease does not affect assets and liabilities. From the formula:

Equity = Assets - Liabilities, since both assets and liabilities are not affected (they remain unchanged) therefore the equity is also the same.

The debt/ equity ratio = total liabilities/total equity. Since liabilities and equity remain unchanged, therefore The debt/ equity ratio is the same.

Also the return of assets (earnings/assets) remain the same

3 0
3 years ago
Other questions:
  • What steps should e taken if the results do not support the hypothesis?
    8·1 answer
  • An organizational culture most likely to shape high ethical standards among its members is one that? ________.
    6·1 answer
  • In her first few weeks at the marketing division of Rolland Retails, Judith Cox realized that Joshua, Doug, and Carl were closer
    10·1 answer
  • what are some things that allow people to communicate without having to be in the same area (economics)
    8·1 answer
  • The glo-brite company is considering development of a new children's toothpaste in fun-shaped dispensers. before performing any
    15·2 answers
  • A local paintball business receives total revenue of $10,000 per month when it charges $12 per person, and $15,000 in total reve
    6·1 answer
  • In a homogeneous-good Cornet model where each of the n firms has a constant marginal cost m and the market demand curve is p = a
    10·1 answer
  • Bernard is a board member at Lopez Electronics Inc. He is also a senior executive of the firm. The board is chaired by Ernest Jo
    9·1 answer
  • (A) If variances are prorated at the end of the accounting period, an unfavorable direct materials price variance will, when pro
    12·1 answer
  • The difference between total revenue and total cost is
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!