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user100 [1]
3 years ago
6

What is net loss? Give some example​

Business
1 answer:
anzhelika [568]3 years ago
8 0

Answer:

A net loss is when expenses exceed the income or total revenue produced for a given period of time. It is sometimes called a net operating loss (NOL). Businesses that have a net loss don't necessarily go bankrupt because they may opt to use their retained earnings or loans to stay afloat.

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Foxmoor Company applies manufacturing overhead by using a predetermined rate of 50% of direct labor cost. The data that follow p
Aleks [24]

Answer:

e. Choice E

Explanation:

Total cost of job no. 764 = $55,000 + $80,000  + 80,000 x 50%

                                         = $175,000

Total Revenue for job no. 764 = $175,000 + $175,000 x 40%

                                                  = $245,000

E. Sales Revenue $245,000

4 0
2 years ago
Explain in your own words how traffic congestion leads to allocative inefficiency.
vlabodo [156]

Answer:

Wear and tear on vehicles leads to more recurrent replacements and repairs.

Explanation:

Traffic congestion can occur as a result of a lack of road capacity.

The causes of traffic congestion include overpopulation, frequent use of private cars, and inadequate public transport.

Traffic congestion may slow down the growth of metropolitan cities.

It also formulates economic geographies.

Wear and tear on vehicles leads to more recurrent replacements and repairs.

7 0
3 years ago
Which technique might a scrummaster use to facilitate communication between the development team and the product owner? bookmark
ratelena [41]
The correct option is D. 
The scrum master refers to the facilitator for an agile development team. His major responsibility is to manage the process of information exchange. All the responsibility listed above are the ways by which a scrum master can facilitate communication between the development team and the product owner.<span />
8 0
3 years ago
The business purchased an office rack from Zuhdi Bhd for RM8,000 and
bezimeni [28]

Answer and Explanation:

The Journal entries are shown below:-

Office equipment Dr, RM8,000

               To Cash RM3,000

               To Accounts payable RM5,000

(Being purchase of office equipment is recorded)

Here we debited the office equipment as it increased the assets and credited the cash and account payable as it decreased the assets and increased the liabilities

6 0
3 years ago
The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based
Dmitry [639]

The answer is<u> "b.expense recognition principle".</u>


The expense recognition principle expresses that costs ought to be perceived in indistinguishable period from the incomes to which they relate. On the off chance that this were not the situation, costs would probably be perceived as acquired, which may originate before or take after the period in which the related measure of income is perceived.  

The expense recognition principle is a center component of the gathering premise of bookkeeping, which holds that incomes are perceived when earned and costs when devoured. On the off chance that a business were to rather perceive costs when it pays providers, this is known as the money premise of accounting.

7 0
3 years ago
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