Answer:
Net profit= $21200
Explanation:
Giving the following information we need to calculate the net profit or loss:
Revenues:
Fees for computer repairs $ 41,600
Fees for printer repairs 5,950
Total revenues= 47550
Expenses: (-)
Advertising expense 5,700
Salaries expense 18,500
Telephone expense 850
Utilities expense 1,300
Total expense= 26350 (-)
Net profit= 21200
Answer:
The correct answer is B. the expected interest rate for the next year and the current value of the furniture.
Explanation:
To compute the cost of owning the furniture for the next year we need 2 bits of information, the expected interest rate for the next year and the current value of the furniture.
As we need the cost of the next year, we don´t care about the interest we pay in the past. We need what we have to pay in the future.
And also , we need the current value of the antique furniture so we can know the cost of opportunity of running the antique furniture. ( If we don´t run this business , what can we do with that money?)
Answer:
- Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.
Explanation:
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Management accounting is an area of accounting known for providing information to internal users.
<h3>What is management accounting?</h3>
Management Accounting is an area of accounting that refers to providing information to support internal management decisions. This accounting assist managers identify problem areas in budgeting and then develop a different plan to addressing those problems.
The role of management accounting includes:
- Monitoring costs
- Conduct audits
- Identify past trends and predict future needs.
Therefore, the area of accounting concerned with providing internal users with information is known as management accounting.
Learn more about management accounting here : brainly.com/question/1283492
