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3 years ago

In what circumstances would business expenses be passed on to a client?

Business

2 answers:

Stolb23 [73]3 years ago

8 0

The last one is true because cash basis and accural acounting do produce different bottom lines

shepuryov [24]3 years ago

3 0

Answer:

The following options are correct

D,if the business is not sure if the expenses are necessary.
B,First and last months’ rent purchasing.
A,40%
True

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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for

aivan3 [116]

Answer:

$2040

Explanation:

FIFO under the perpetual inventory system is one in which the sale or purchase of inventory is immediately updated in the inventory account such that the true position of inventory available per time is known.

FIFO is first in first out which means that inventory purchased first are sold first.

Given;

Units Unit Cost Total Cost Units Sold

Beginning Inventory 30 $28 $ 840

Sale No. 1 20

Purchase No. 1 50 $40 $2,000

Sale No. 2 40

Purchase No. 2 20 $44 $880

Totals 100 $3,720 60

Cost of goods sold = $28 * 20 + $28 * 10 + $40 * 30

= $560 + $280 + $1200

= $2040

5 0

3 years ago

Don’s Fashions is noticing a downward trend in sales. The company has been reaching out using social media to connect with custo

kow [346]

Answer: In such situation Don's Fashions could conduct market research to validate their target market.

Explanation: It's given that Don’s Fashions is noticing a downward trend in sales. The company has been reaching out using social media to connect with customers which they define as “fashion forward consumers between the ages of 15-30.” However, lately it seems that very few people are responding to the social media promotions.

Therefore at this particular stage they can decide to conduct a thorough market research to validate their target market and see it their marketing and strategies have been able to penetrate the market they were targeting.

7 0

3 years ago

Select all that apply: If medically indicated after an exposure, the U.S. Public Health Service requires that your employer offe

mixer [17]

Answer:

A. HIV, D. Hepatitis B and E. Hepatitis C

Explanation:

As per Occupational safety and health administration (OSHA), every employer need to immediatly provide medical evaluation of worker or employee working in the company after their exposure to any infectious material, such as non-intact skin, blood etc. As it could lead to infection of HIV, Hepatitis B, Hapatitis C or other blood related infection. The medical report is very important to early address the possible infection.

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3 years ago

Regional Investment Corporation (RIC) hires Sam, a real estate agent, to locate investment properties for RIC. Sam learns of a w

prisoha [69]

Answer:

A) breached the agent's fiduciary duties to the principal.

Explanation:

To be more specific, Sam broke the agent's the duty of loyalty towards the principal. An agent must act in the best interest of the principal, not on his own best interest. The agent is getting paid for performing a task on behalf of the principal, and by taking advantage of his position, the agent has clearly breached his contract with the principal. Therefore, the principal can sue the agent and recover for damages (tort suit).

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3 years ago

The following information was compiled by Frank Ironman Incorporated:

Bumek [7]

Answer:

The correct option is D,$20,000 unfavorable

Explanation:

In the first place, it is noteworthy that fixed overhead flexible budget variance is the between the budgeted overhead cost and the actual fixed overhead incurred.

When actual fixed cost overhead is lower than budgeted,the resultant effect is a favorable variance,where the reverse is the case when the budgeted fixed overhead cost is higher as is the case here.

budgeted fixed overhead costs $200,000

Actual fixed overhead costs ($220,000)

fixed overhead flexible budget variance ($20,000) unfavorable

8 0

3 years ago