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Oduvanchick [21]
3 years ago
9

Profit is best described as Multiple Choice revenues plus expenses, less taxes. the funds available for business growth, after e

xpenses and salaries are paid. the sales dollars that a business acquires, over time. the owner's annual sala
Business
1 answer:
Rudik [331]3 years ago
8 0

Answer:

the funds available for business growth, after expenses and salaries are paid.

Explanation:

Mainly profit is the earnings that calculated after paying all the types of expenses and it could be used for growing the business

So according to the given options the second one is correct as it represent that the profit is the fund that available for the growth of the business after pay off all the expenses

So the same is to be relevant

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Has your idea of yourself five years from now changed in any way since beginning this course? If so, describe the reasons. If no
sesenic [268]

Answer:

This is a personal question man

Explanation:

Im sorry, but I can't answer personal questions

Sorry

6 0
3 years ago
The Fabricating Department started the current month with a beginning Work in Process inventory of $11,200. During the month, it
SVETLANKA909090 [29]

Answer:

The ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

Explanation:

To determine Ending Balance of Work in Process Inventory, <em>Prepare a Manufacturing Cost Statement</em>.

Opening Work in Process Inventory             $11,200

<em>Add </em>Cost Added During the Period :

Direct materials                                             $77,200

Direct labor                                                   $25,200  

Factory overhead ( $25,200 × 50%)            $12,600

Total Manufacturing Costs                          $126,200

<em>Less </em>Transfer to Next Department            ($115,000)

Closing Work in Process Inventory               $11,200

Conclusion :

Therefore, the ending balance of the Work in Process Inventory account for the Fabricating Department is: $11,200

6 0
3 years ago
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receiv
Arisa [49]

Answer:

7.8%

Explanation:

The formula and the computation of the return on assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,

Net income is $32,500

And, the average of total assets equal to

= (Beginning assets + ending assets) ÷ 2

= ($405,000 +$425,000) ÷ 2

= $415,000

So, the return on assets is

= $32,500 ÷ $415,000

= 7.8%

6 0
3 years ago
A teenage driver crashes her​ parents' minivan into an office​ building, causing​ $85,000 in damage to the building. The automob
bulgar [2K]

Answer:

The driver will pay $10,000, because the insurance company can pay max $75,000 as regulated in term "insurance limit 100/250/75"

Explanation:

the insurance limit 100/250/75 coverage, which translates into $100,000 coverage per person for bodily injury, including death, that you cause to others; $250,000 in  bodily injury per accident; and property damage up to $75,000.

7 0
3 years ago
Kailey James Company is evaluating a capital expenditure proposal that requires an initial investment of $14,900, has predicted
marishachu [46]

Answer:

Year      Cashflow     [email protected]%      PV

                  $                                  $

0             (14,900)          1            (14,900)

1-12          4,000          5.6603    <u>22,640</u>

                                   NPV        <u> 7,740</u>

                                                                                                                                   

Explanation:

In this respect, we need to calculate the discount factor of annual cash  inflows for 12 years at 14 discount rate. For this purpose, present value annuity interest factor will be used since the cash inflows are constant. Then, we will multiply the annual cashflows  by the discount factor so as to obtain the present value of cash inflows. Then, we will deduct the initial outlay from the present value of cash inflows  in order to obtain the net present value of the proposal.  

4 0
3 years ago
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