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3 years ago

What do mean by Sole properitership?

1 answer:

6 0

It is an unincorporated business owned and run by one individual with no distinction between the business and the owner.

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What is accounting receivable?

tankabanditka [31]

Answer:

Is the balance of money due to a firm for goods or service delivered or not yet paid

Explanation:

Account are recorded on balance sheet on current account

5 0

3 years ago

Brief Exercise 10-18 Presented below is the partial bond discount amortization schedule for Whispering Winds Corp., which uses t

Anettt [7]

Answer:

interest expense 74,250 debit

discount on bonds payable 3,350 credit

cash 70,900 credit

Explanation:

Adjustment to a better display of the data:

Paid Expense Amortization Unarmotized Carrying Value

Issue Date 67,991‬ 1,356,709

1 70,900 74,250 3,350 64,641 1,353,359

2 70,900 74,435 3,535 61,106 1,349,824

To record the payment of interest and discount we will debit the interst expense

and credit the cash given along with the discount on Bonds Payble for the difference

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4 years ago

Which of the following is a disadvantage of outsourcing?

Sonbull [250]

Answer:

b. It reduces productivity and revenue growth.

Explanation:

The disadvantage of outsourcing is that it reduces productivity and revenue growth. Due to outsourcing, the company ceases to produce a product in its own facility and gives the entire production responsibility to third party. This is because the company might not have the capability to produce on its own or it might be costly for the company.

Since the company has to give production cost, over runs, labour cost etc along with margins to the third party, hence there is a decrease in revenue growth and productivity of the company.

4 0

4 years ago

Agencies responsible for collecting taxes, both domestic and external, include the irs for income taxes, the u.s. customs servic

Reptile [31]

They are called the revenue agency
Revenue agency had full jurisdiction in all territories within the nation.
The agency is a federal owned organization that founded in 2003, and has been expanded ever sicne from around 3,000 employees to the 40,000 employees that we see today.

3 0

4 years ago

Brief Exercise 26-4 Manson Industries incurs unit costs of $7 ($5 variable and $2 fixed) in making an assembly part for its fini

mr_godi [17]

Answer:

differential loss for 14,700

Explanation:

$\left[\begin{array}{cccc}&$Make&$Buy&$Differential&\\$Variable Cost&-73,500&-88,200&-14,700&\\$Fixed cost&-29,400&-29,400&0&\\$Total&-102,900&-117,600&-14,700&\\\end{array}\right]$

We multiply the variable copst per unit by the 14,7000 units

then we add the fixed cost for the total cost for the make option

Then, we multiply the 14,700 by 6 for the buy option and add the unavoidable fixed cost.

In this case, it is not convinient to buy the assembly part as it would incour in a differential loss for 14,700

3 0

3 years ago

What do mean by Sole properitership?​

What do mean by Sole properitership?