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3 years ago

Before buying an existing business, you need to identify if the business’s problems can be fixed? true or false

Business

2 answers:

Sophie [7]3 years ago

7 0

Before buying an existing business, you need to identify if the business’s problems can be fixed. True.

Before buying an existing business or starting a business in general, there needs to be identification of problems that may arise. When looking into purchasing an existing business, going over how the business has done thus far and any problems it has occured and then overcome, is important. There are issues that can always happen but being as prepared as possible, is crucial.

Alex73 [517]3 years ago

6 0

True, you need to know the risk of buying an established business.

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Domingo corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f

SSSSS [86.1K]

Answer:

The cost per unit equivalent

Materials $ 155,950/ 6100= $ 25.57

Conversion costs $120,060/ 6100= $ 19.68

Explanation:

6,100 units were transferred to the second processing department during the month.

Costs were incurred in the first processing department during the month:

Cost

Materials costs $158,700 - $ 2750= $ 155,950

Conversion costs $120,400- $ 340 = $ 120,060

The cost per unit equivalent

Materials $ 155,950/ 6100= $ 25.57

Conversion costs $120,060/ 6100= $ 19.68

Beginning Inventory Costs

Material cost $5,500 *50% = $ 2750

Conversion costs $1,700* 20%= $ 340

5 0

3 years ago

The type of budget that budgets standard costs for the actual volume of production is a

Stella [2.4K]

The type of budget that budgets standard costs for the actual volume of production is a flexible budget. In addition, a flexible budget is a specific kind of budget wherein it is heavily dependednt to the actual volume of an activity. In contrary to a static budget, it is considered to be more dynamic.

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3 years ago

Mervon Company has two operating departments: mixing and bottling. Mixing occupies 27,235 square feet. Bottling occupies 14,665

BARSIC [14]

Answer:

The amount of maintenance costs allocated to each operating department is $159,900 to mixing and $86,100 to bottling

Explanation:

In order to determine the amount of maintenance costs allocated to each operating department we would have to calculate first the percentage of area for each deparment as follows:

Particular Area in square feet %

mixing 27,235 65

bottling 14,665 35

Total Area 41,900 100

Therefore, if the maintentance cost is $246,000, the amount of maintenance costs allocated to each operating department is as follows:

Particular % Allocation of expense

mixing 65 159,900=246,000×65/100

bottling 35 86,100=246,000×35/100

100 246,000

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3 years ago

Users at Universal Containers (UC) adhere to the following process for expense reports: Create the expense report. Attach receip

riadik2000 [5.3K]

Users at Universal Containers (UC) adhere to the following process for expense reports: Create the expense report. Attach receipts in an Expenses app. Send the report to the accountant to review and approve. An Administrator needs to enable this App for Salesforce Mobile.The Administrator consider the following from the User's perspective

(D) Users can create list views, attach receipts as photos, and submit records for approval.

Explanation:

The app users will not the get the permission to either edit or create a record they can only view the record .So the user can only create a list view of the record ,then it can attach the receipt as a photo an dwill submit the record for the further approval.

We need to know that in the other option mentioned the users can neither approve a record,or create a record

So the answer for the above mentioned question is (D) Users can create list views, attach receipts as photos, and submit records for approval.

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3 years ago

Myrna and Geoffrey filed a joint tax return in 2018. Their AGI was $85,000, and itemized deductions were $24,700, which included

KIM [24]

Answer:

$700

Explanation:

to calculate the amount of state income tax refund that must be included in the 2019 tax return we can use the following equation:

state income tax refund included in gross income = itemized deduction - standard deduction = $24,700 - $24,000 = $700

the rest of the refund = $1,800 - $700 = $1,100, should not be included in the 2019 gross income

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2 years ago