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myrzilka [38]
3 years ago
15

Help please!!!! will mark brainlest!!

Business
1 answer:
alina1380 [7]3 years ago
6 0
Answer:

For centuries the guideline for business transactions was the Latin term “caveat emptor” (let the buyer beware). This principle suggests that the seller is not responsible for the buyer’s welfare. In other words such principle gives the buyer the sole responsibility for checking the quality and suitability of the goods that he is buying from the seller before making a final purchase.
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Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
uysha [10]

Answer:

Financial advantage of further processing = $22

Explanation:

As per the data given in the question,

Cost of batch = $51

Processing cost of batch = $10

Total cost of batch of sugar beets = $51 + $10 = $61

Sale of beet fiber without further processing = $21

Sale of juice fiber without further processing = $42

Total sale value =$21+$42 = $63

Cost of sugar beets = $61

Loss on sale without further processing = $63 - $61 = $2

Financial advantage :

Sale value = $59

Processing cost = $11

Incremental advantage = $59 - $11 = $48

Sale value of refined sugar = $59

Processing cost = $24

Incremental advantage = $59 - $24 = $35

Total Incremental advantage = $48 + $35 = $83

Total cost of beet sugar = $61

Financial advantage of further processing = $83 - $61 = $22

Hence, the batch of sugar beets would loss of $2 if not processed further but sold as beet fiber and beet juice.

The batch of sugar beets would earn a profit of $22 when processed further.

4 0
3 years ago
Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end
Andrew [12]

Answer:

1. Dr Supplies expense $5,820

Cr Supplies $5,820

Dr Accounts receivable $3,900

Cr Earned fees $3,900

Dr Depreciation expense $3,000

Cr Accumulated depreciation $3,000

Dr Wages expense $2,475

Cr Wages payable $2,475

Dr Unearned fees $14,140

Cr Fees earned $14,140

2. Revenues $305,800

Expenses $261,800

Net income $44,000

3. Revenue $323,840

Expense $261,800

Net income $50,745

4. $6,745 Increase

Explanation:

1. Preparation of the journal entries necessary on April 30. 2019

Dr Supplies expense $5,820

Cr Supplies $5,820

($7,200-$1,380)

(To record supplies used)

Dr Accounts receivable $3,900

Cr Earned fees $3,900

(To record accrued fees Earned)

Dr Depreciation expense $3,000

Cr Accumulated depreciation $3,000

(To record equipment Depreciation)

Dr Wages expense $2,475

Cr Wages payable $2,475

(To record accrued wages)

Dr Unearned fees $14,140

Cr Fees earned $14,140

(To record fees earned)

2. Calculation to Determine the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries.

REVENUE

Fees earned $305,800

EXPENSE:

Wages Expense $157,800

Rent Expense $55,000

Utilities Expense $42,000

Miscellaneous Expense $7,000

Expense $261,800

NET INCOME $44,000

($305,800-$261,800)

Therefore the revenues, expenses, and net income of Crazy Mountain Outfitters before the adjusting entries will be:

Revenues $305,800

Expenses $261,800

Net income $44,000

3. Calculation to Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries.

REVENUE

Fees Earned $305,800

Fees earned but unbilled $3,900

Unearned fees $14,140

Revenue $323,840

EXPENSE

Wages Expense $157,800

Rent Expense $55,000

Utilities Expense $42,000

Miscellaneous Expense $7,000

Supplies expense $5,820

Depreciation of equipment $3,000

Unpaid wages accrued $2,475

Expense $273,095

NET INCOME $50,745

($323,840-$273,095)

Therefore the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries will be:

Revenue $323,840

Expense $261,800

Net income $50,,745

4. Calculation to Determine the effect of the adjusting entries on Retained Earnings.

Effect of the adjusting entries=$50,745-$44,000

Effect of the adjusting entries=$6,745

Therefore the effect of the adjusting entries on Retained Earnings is Retained Earnings increases by $6,745

5 0
3 years ago
The use of communications and technologies such as videoconferencing and networks has enabled increased?
Sveta_85 [38]
<span>1. The use of communications and technologies such as videoconferencing and networks has enabled the increased </span>internal and external collaboration.
2. A manager at a food production company, for example, could use <span>a decision support system </span>to check on the status of any customer order.
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Which step is most important for a project to close
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The most important to close project is clean up
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3 years ago
What are two resources that may be useful in disassembling a laptop computer?
PilotLPTM [1.2K]

The user manual and the service manual are two resources that are useful in terms of disassembling the laptop computer. It is because the service manual and the user manual were able to provide instructions and specifications for repairing or being able to maintain the laptop and the way of providing a manual in having to assist a person in technical issues and use.

<span> </span>

7 0
3 years ago
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