All categories

3 years ago

Helpppp! what does AP stand for and what does it mean? Thanks! :)

Business

2 answers:

Arlecino [84]3 years ago

8 0

Acounts payable

Explanation:

lys-0071 [83]3 years ago

4 0

Answer: it stands for Associated Press

Explanation: I’m pretty sure it’s business that answers from the name I see.

You might be interested in

Indiana Co. began a construction project in 2021 with a contract price of $150 million to be received when the project is comple

Over [174]

Answer:

Recognize $ 1.50 millions gross profit in 2022

Explanation:

Year end 2021 Year end 2022

A Contract Price $150.00 $150.00

B Cost Incurred to Date $36.00 $94.50

($36 + $58.50)

C Estimated cost yet to be

incurred to complete

the contract $84.00 $0.50

Total Cost $120.00 $135.00

D = B+C

Percentage of Completion 30.00% 70.00%

E = (B ÷ D) × 100

Revenue to date $45.00 $105.00

F = A × E

G Revenue of Previous year $- $45.00

Net Revenue this year $45.00 $60.00

H = F - G

Cost to date $36.00 $94.50

I (=B)

J Cost to date of previous year $- $36.00

Net Cost for the year $36.00 $58.50

K = I - J

Gross Profits $9.00 $1.50

L = H - K

Therefore the correct answer is Recognize $ 1.50 millions gross profit in 2022 hence, option is not available.

3 0

3 years ago

Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining a

Serhud [2]

Answer:

the cost of Human Resources would be allocated to Machining is $480,000

Explanation:

The computation of the cost of Human Resources would be allocated to Machining is given below:

= Cost of the human resource × machining department ÷ (machining department + assembly department)

= $1,200,000 × 100 ÷ (100 + 150)

= $480,000

hence, the cost of Human Resources would be allocated to Machining is $480,000

5 0

3 years ago

f-1. Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1, 2020, S

Margarita [4]

Answer:

Journal 1

Debit : Other Income $34,000

Credit : Equipment $34,000

Journal 2

Debit : Accumulated depreciation $6,800

Credit : depreciation $6,800

Explanation:

Step 1 : Eliminate the Income resulting from sale and the additional value of equipment sitting in the buyer books

Income = Selling Price - Carrying Amount

where,

Carrying Amount = Cost - Accumulated depreciation

= $84,000

therefore,

Income = $118,000 - $84,000 = $34,000

Journal;

Debit : Other Income $34,000

Credit : Equipment $34,000

Step 2 : Eliminate the unrealized profit as a result of additional asset value

unrealized profit = income ÷ remaining useful life

= $34,000 ÷ 5

= $6,800

Journal;

Debit : Accumulated depreciation $6,800

Credit : depreciation $6,800

7 0

3 years ago

How does microcredit help poor people establish thriving small businesses? why is microcredit targeted primarily to women?

grin007 [14]

Microcredit help poor people establish thriving small businesses because it provides a small finacial loan made to proverty stricken individuals who want to start their own business. Hence the objective of this microcredit is for the poor people for self-employment. The following are the reasons why microcredit targeted primarily to women because women make better use of small loans than men. That most women do not spend their money on snacks or luxuries than men but instead use their money into providing food for their children/family. Women have a better track record when it comes to repayment, women are a huge untapped labor pool, women have the right to access capital and lastly women who receive loans adopt healthier lifestyles and are empowered.

7 0

3 years ago

A company has a degree of operating leverage of 2.5. If sales increase by 10%, then profits will: Multiple choice question. incr

RSB [31]

Answer:

. increase by 25% increase

Explanation:

The degree of operating leverage (DOL) measures the sensitivity of a company's operating income or profits to changes in the demand

DOL = percentage change in operating income or profits / percentage change in units sold

2.5 = percentage change in operating income / 10%

percentage change in operating income = 10% x 2.5 = 25%

profits will increase by 25%

4 0

3 years ago