1. What is the "Term" for the Lease and Financing of a Car mean?

Who is in charge of making sure the correct type and amount of fabric is ready for a new clothing line

Dvinal [7]

The person in charge of making sure the correct type and amount of fabric are ready for a new clothing line is Patternmaker.

This is because a Patternmaker is someone who is a specialist in making clothing samples.

These samples are designed according to the correct type and quantity of fabric to be used for a new clothing line.

Usually, a patternmaker is someone responsible for ensuring the clothing design model is transformed into actual production.

Hence, in this case, it is concluded that Patternmaker is the person in charge of making sure the correct type and amount of fabric is ready for a new clothing line.

Learn more here: brainly.com/question/10012741

7 0

3 years ago

the liability created when supplies are bought on account is called an account payable ,true or false

tigry1 [53]

Answer:

True.

Explanation:

In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.

Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.

Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.

Current liability in financial accounting can be defined as the short-term financial obligation such as debt (account payable) that is due to be paid in cash within one (fiscal) year or one operating cycle of a company, whichever is longer.

A company's current liability comprises of the following; dividends payable, short-term debts, account payable, notes payable, interest payable, wages payable, deferred revenues, income tax payable, etc.

Basically, companies usually settles their current liabilities with current assets such as account receivables or cash, that are used up within a fiscal year.

Hence, the liability created when supplies are bought on account is called an account payable.

6 0

3 years ago

What is known as a capital income,with examples

OLEGan [10]

Answer:

Capital income is income generated by an asset over time, rather than from work done using the asset.

Explanation:

Capital income is the income generated through the possession of wealth, such as rental income, gains from selling an asset, dividend income, certain interest income, proceeds from a life insurance contract, and the share of profits of an investment fund.

5 0

3 years ago

Read 2 more answers

Managers in businesses direct their activities toward earning money for their company and its owners, whereas managers in nonpro

ikadub [295]

Answer:

b. generating some kind of social impact

Explanation:

Business ventures are established with a profit motive. The investor risks their resources, time, and efforts in the expectation of making profits. The investor and his or her business manager employ their skills and experiences to ensure that the business is profitable.

Not-for-profit organizations are formed to provide a service to specific members, a section or entire society. They aim at improving the well being of the community by providing essential services. Not for profit organization offer free services or charge a minimum fee. They get funding from members or founders of the organization or may receive donations from institutions and the general public.

8 0

3 years ago

The following information is available for Windsor Inc. for the year ended December 31, 2017:_______.

Lapatulllka [165]

Answer:

Requirement

Prepare Income statement

Calculate the per share of common stock

Windsor Inc.

Income statement for the year ended December 31, 2017

Sales $3,775,000

Less: Cost of goods sold $1,648,000

Gross profit $2,127,000

Operating expenses

Selling expenses $876,000

Administrative expenses $507000

Total operative expenses $1,383,000

Operative income $744,000

Other revenues and (expenses):

Rent revenue $98000

Gain on sale of equipment $31000

Interest expenses ($57,000) $72,000

Income before income taxes $816,000

Income tax applicable to continuing $297,000

operations

income from continuing operations $519,000

Discontinued operations:

Loss on discontinued operations ($66000)

Income tax applicable to loss on ($23,000)

discontinued operations

Total discontinued operations $89,000

Income before extraordinary item $430,000

Extraordinary item:

Loss on write-down of inventory ($37000)

Income after extraordinary item $393,000

Other comprehensive income:

Unrealized gain on available-for-sale securities $27,000

Comprehensive Income $420,000

EPS = Net Income of a company / Outstanding Shares

EPS = $420,000/200,000

EPS = $2.1 per share

4 0

4 years ago