Answer: b. preparing the financial statements
Explanation: As accounting involves recording, classifying, summarizing, and the interpretation financial information, the accounting process, is considered a series of procedures that are employed in the collection, processing, and communication of financial information. In the accounting process, journal entries are first adjusted (identifying and analyzing business transactions and events) after which they are posted. This represents the first and second steps. Then the adjusted trial balance is prepared, followed lastly by the preparation of financial statements. Therefore, the preparation of financial statements is completed last.
Answer:
$65,000
Explanation:
contribution margin = total sales revenue - total variable costs = $160,000 - $95,000 = $65,000
if you want to calculate the contribution margin per units, all you need to do is divide the total contribution margin by the total number of units sold.
for example, if total units = 10,000
contribution margin per unit = $65,000 / 10,000 = $6.50
Answer:
Raising the minimum wage paid to workers
Explanation:
Standard of living, is based on two concepts
- the resources you hold to exchange
- the resources society holds in exchange of your resources.
When the wages of workers are increased then, the resources with labors increases,
but that will not increase the resources as offered by the society, and as the main action for increasing the standard of living, the resources in the form of technology, training, etc: shall be increased.