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d1i1m1o1n [39]
3 years ago
11

Fayez performs professional services similar to those of a management accountant, while working for the city of portland. fayez

can best be described as a ________.
Business
1 answer:
crimeas [40]3 years ago
8 0
<span>fayez can best be described as a </span>government accountant.
Government's accountant main duty is to make sure that the government's spending has been efficiently used.
This is similar to management accountant's main duty to make sure company's operation is according to the budgeting plan.
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The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

4 0
3 years ago
Completed Per Day
Ratling [72]

Answer:

The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.

Explanation:

The opportunity formula comes handy in this case, which is given below:

opportunity cost formula=what one sacrifices/what one gains

If Samantha were to weed flower beds, opportunity cost is computed thus:

Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked

The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.

In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage

4 0
3 years ago
As a system goes from state to state , its entropy decreases. What can you say about the number of microstates corresponding to
hram777 [196]

Answer:

B. A has more microstates than B.

Explanation:

Since on going from state A to state B the entropy is decreasing, that is the freedom of movement and the number of ways of arrangement is decreasing and thereby the number of microstates also decreases.  

Therefore, A has more microstates than B.

4 0
3 years ago
Please select the word from the list that best fits the definition
irakobra [83]

Answer:

The answer is Roth IRA

Explanation:

Definition: an individual retirement account allowing a person to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59½ are tax-free.

7 0
3 years ago
Read 2 more answers
The inventory turnover ratio: Multiple Choice Is used to analyze collectability. Is used to measure solvency. Reveals how many t
zloy xaker [14]

Answer: Reveals how many times a company sells its merchandise inventory during a period.

Explanation:

The Inventory Turnover Ratio is used to measure how often a company is able to sell off all its inventory within a single period. The higher this is, the better because it means that the company has a high sales rate and is incurring low storage costs since the inventory does not stay with them for long.

It is important to use this ratio relative to the type of industry it is being applied to however. For instance, a car dealership would be expected to have a lower inventory turnover ratio than a grocery store so comparing them using this ratio would be inaccurate.

5 0
3 years ago
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