Answer:
Explanation: The database contains three tables containing information about this company's sales process: Inventory, Sales and Sales items.
The relationship between the above stated database content are:
1. Sales items are what is included in the inventory,
2. Inventory is a list of items available for sale.
3. Sales is the exchange of Inventory for cash.
4. As cash is collected, inventory reduces in quantity.
5. Sales items are included in the inventory and sales is the exchange of sales item for cash.
Answer:
The answers are,
Items not easily quantified in dollar terms are not reported in the financial statements.
Monetary Unit Assumption
Accounting information must be complete, neutral, and free from error.
Faithful representation
Personal transactions are not mixed with the company's transactions.
Entity Assumption
The cost to provide information should be weighed against the benefit that users will gain from having the information available.
Cost constraint
A company's use of the same accounting principles from year to year.
Consistency
Assets are recorded and reported at original purchase price.
Historical Cost
Accounting information should help users predict future events, and should confirm or correct prior expectations.
Relevance
The life of a business can be divided into artificial segments of time.
Periodicity assumption
The reporting of all information that would make a difference to financial statement users.
Full Disclosure principle
The judgment concerning whether an item's size makes it likely to influence a decision-maker.
Materiality
10. Assumes a business will remain in operation for the foreseeable future.
Going concern
12. Different companies use the same accounting principles
Comparability
Explanation:
Answer: Non profit Corporation
Explanation:
The best form of business Renata and Danuta could adopt is a nonprofit corporation. It should be noted that a nonprofit corporation is a corporation that is being formed for educational, charitable, religious, or scientific purpose.
Since Renata and Danuta would like to form a business providing take-out meals to homebound destitute, this is a charitable purpose. A non-profit corporation can be a charity, research institute, organization, a church, school, volunteer services organization, etc.
Answer:
I need some points please
Answer:
$9,400
Explanation:
For computing the maximum contribution margin we need to do following calculations
Contribution Margin
Product A = ($12 ÷3) = 4
Product B = ($5 ÷ 1) = 5
Product C = ($9 ÷ 2) = 4.50
So, the ranking order would be product B > product C > product A
Now
Total machine hours available = 2,100 hours
And,
Time for making 500 units of B
= 500 × 1
= 500 hours
For making 500 units of C, the time taken is
= 500 × 2
= 1000 hours
So the remaining hours left is
= 2,100 hours - 1,000 hours - 500 hours
= 600 hours
So, for A the manufactured is
= 600 ÷ 3
= 200
And, finally the Maximum contribution margin is
= (200 × $12) + (500 × 5) + (500 × 9)
= $2,400 + $2,500 + $4,500
= $9,400
