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vova2212 [387]
3 years ago
9

A service business may have some additional operating expenses like rent, insurance, commissions, and so on. Most of these expen

ses are
incurred on a ___
basis.
Business
2 answers:
Aleks04 [339]3 years ago
7 0

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX, operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for research and development.

Operating costs or operational costs are the expenses that are related to the operation of a business, or the operation of a device, component, piece of equipment, or facility. They are the cost of resources used by an organization just to maintain its existence.

An operating expense is an ongoing cost of running a product, business, or system. ... For larger businesses, operations may also include the cost of workers and facility expenses such as rent and utilities. On an income statement, operating expenses include accounting expenses.

Operating expenses are the expenses your business incurs on a daily basis. Typical operating expenses include rent, payroll, utilities, printing, postage, and property taxes. Many, if not all, of these expense categories, have a separate expense account in the general ledger.

Operating expenses are not directly related to the production of products or services, but instead reflect what it truly costs to open your doors each day.

Anastaziya [24]3 years ago
5 0

Answer:

Credit

Explanation:

An incurred expense is a cost that a business incurs when it purchases goods or services on credit. The purchase may be made either through a credit card. Instead, by using a credit or a billing arrangement with the seller of the goods.

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3 years ago
In the dell case study, engineers working closely with marketing, used lean software development strategies and numerous technol
Karolina [17]

In the dell case study, engineers working closely with marketing used lean software development strategies and numerous technologies to create a highly scalable, singular data mart.

<h3>What is Marketing?</h3>

This refers to the act of promoting a business or a good or service to the general public.

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7 0
2 years ago
During 2019 the Barker Company had a net income of $75,000. Below is information taken from Barker’s last two balance sheets: 20
Kitty [74]

Answer:

cash provided by operating activities  84,000

Explanation:

net income  75,000

Adjustment (A)

gain on land   (500)

depreciation   1,500

Adjusted net income                  76,000

Change in working capital

↑account receivable   (3,000) (B)

↓long term AR             10,000 (C)

↑Account payable         1,000 (D)

Net changes                               8,000

cash provided by operating activities  84,000

<u>Notes:</u>

(A)

The net income may have non-monetary term, we need to remove those to get and adjusted net income on a cash basis

the gain on land is not a monetary term. We will record the proceeds in cash for the sale under investment activities, not operating as the business is not selling land every year.

depreciation is an accounting metric, is not an actual expense, it doesn't involve cash.

(B)

the increasein the Ar means more sales were not collected therefore, less cash collected.

(C)

the decrease in the long term AR  represent the collection, so it increases the cash

(D)

the increase in account payable represent the delay of payment, so company has more cash available.

7 0
2 years ago
I prefer situations where everyone has to work together to reach a goal. Agree or Disagree?
Cloud [144]
Agree, since two minds work better than one.
4 0
3 years ago
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