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aev [14]
3 years ago
9

Match the types of expenses with the correct descriptions

Business
2 answers:
sleet_krkn [62]3 years ago
7 0

Answer:

When I Entered the below I got 100%

Explanation:

A) Occur at different times throughout the year and tend to be in large lumo sums, like college tuition payments and car repairs.

Answer - Intermittent Expenses

B) Thins you don't need, like eating out, gifts, and candy.

Answer - Discretionary Expenses

C) Change in dollar amount every month and include things like utility bills, gasoline, and groceries.

Answer - Variable Expenses

D) Remain the same from month to month like rent and insurance premiums.

Answer - Fixed Expenses

valentinak56 [21]3 years ago
5 0

Answer:

See below

Explanation:

1). Intermittent Expenses

Occur at different times throughout the year and tend to be in large lump sums, like college tuition payments and car repairs.

Although intermittent expenses are irregular (do not occur monthly), the amounts involved are predictable.

2). Variable Expenses

Change in dollar amount every month and include  things like utility bills,

gasoline and groceries

variable expenses are the business expenses that change as the production volume changes. Variable expenses are directly related to the output of a business.

3) Fixed expenses

Remain the same from month to months like rent and insurance premiums

Fixed costs are constant. They are not expected to change in the current financial year.

4) Discretionary Expenses

Things you don't  necessarily need, like eating

Description costs are unnecessary or non-essintial expenses. A business or household will continue functioning even without the discretionary expenses.

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Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in p
galben [10]

Answer:

See explanation below as attached.

Explanation:

1. Predetermined overhead is 139% of direct labor hour

2. Under applied overhead is $6,200

Please find attached breakdown and solution to question 1, 2, 3, 4 and 5.

5 0
3 years ago
Which account will appear in the sales ledger?
lara [203]

Answer:

A- Gill, a credit customer

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.

Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.

This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.

Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.

6 0
3 years ago
Consider the market demand and supply for eggs. Assume that the market for eggs is perfectly competitive. Suppose that egg produ
In-s [12.5K]

Answer:

The quota system is not efficient since the total supply is less than the equilibrium quantity. This will produce a deadweight loss which equals the lost supplier surplus plus the lost consumer surplus. The deadweight loss s the area between the demand and supply curve, and between the imposed quota and the equilibrium quantity.

Graph 1 shows the market equilibrium while graph 2 shows the deadweight loss.

3 0
3 years ago
[The following information applies to the questions displayed below.]
Orlov [11]

Answer:

Pose-for-Pics

Effects on the accounting equation:

            Assets                                                 = Liabilities + Equity

Aug 1   Cash +$9,000 Equipment +$38,700 =  M. Harris, Capital +$47,700

Aug 2  Cash  -$2,300 Prepaid Insurance +$2,300

Aug 5  Cash    -$1,710 Supplies +$1,710

Aug 20 Cash +$2,650                                        = Revenue +$2,650

Aug 31  Cash  -$870                                            = Utilities Expense -870

Total assets   $49,480                                        = Total equity $49,480                                                                                    

Explanation:

a) Data and Analysis based on the accounting equation:

August 1 Cash $9,000 Equipment $38,700 M. Harris, Capital $47,700

August 2 Prepaid Insurance $2,300 Cash ($2,300)

August 5 Supplies $1,710 Cash ($1,710)  

August 20 Cash $2,650 Service Revenue $2,650

August 31 Utilities ($870) Cash ($870)

8 0
3 years ago
If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is a. 200 - 4q.
liq [111]

If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is  200 - 2q. Price becomes a function of quantity demanded in the case of an inverse demand curve. The inverse of a demand curve, this indicates that variations in the amount required cause changes in price levels.

The formula for calculating the demand curve for a product yields the graph of an inverse demand curve. The quantity demanded is a function of price on the demand curve. This aligns the horizontal axis with pricing, with quantity demanded on the vertical axis.

To learn more about demand curve, click here.

brainly.com/question/13131242

#SPJ4

7 0
2 years ago
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