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Arturiano [62]
3 years ago
6

What are operating expenses?

Business
1 answer:
skad [1K]3 years ago
3 0

Answer:

see below

Explanation:

Operating expenses are the cost a business incurs while engaging in its normal business operations. They are the costs not directly be attached to the production process. A business incurs operating expenses in managing it day to day activities. They exclude one time expenses such as judgment cost,  accounts adjustments, and other non-recurring costs.

Operating expenses are classified into administrative, selling, and general expenses. Businesses cannot avoid operating expenses; hence the management should strive to keep them as low as possible. Examples of operating expenses include rent, salaries,  employee benefits, transport,  depreciation, repairs, taxes, sales commissions, amortization, and pension contributions.

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What is the loanable funds​ market? The loanable funds market is​ ______. A. the aggregate of the bond and stock markets B. the
Allisa [31]

Answer:

C. the aggregate of all the individual financial markets

Explanation:

The loanable funds market is​ the aggregate of all the individual financial markets

5 0
3 years ago
M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under P
zvonat [6]

Answer:

Date          Units                       Unit Cost            Unit Selling Price

July 1 Beginning Inventory 50    $ 10

July 13 Purchase      250                 13

July 25 Sold (100 )                                                                  $ 15

July 31 Ending Inventory 200

Cost of Goods Available for sale= 250 units at $  13+   50 units at   $ 10

= 3250 + 500= $3750

FIFO Ending Inventory $ 2600

200 units at $ 13= $ 2600

Sales 100At $ 15= $1500

FIFO Cost Of Goods Sold  $ 1150

50 units at $ 10= $ 500

50 units at $ 13= $ 650

LIFO Ending Inventory $ 2450

50 units at $ 10= $ 500

150 units at $ 13= $ 1950

Sales 100 at $ 15= $1500

LIFO Cost Of Goods Sold  $ 1150= Cost of Goods Available for Sale Less LIFO Ending Inventory = 3750- 2450= $ 1300

100 units at $ 13= $ 1300

Weighted Average Ending Inventory 12.5 * 200= $ 2500

Total Cost/ total units= 3750/300= 12.5

Weighted Average  Cost Of Goods Sold  $ 1150= Cost of Goods Available for Sale Less Weighted Average  Ending Inventory = 3750- 2500= $ 1250

Weighted Gross Profit= Sales Less Weighted Cost Of Goods Sold= $ 1500- $ 1250= $ 250

7 0
3 years ago
The group of accounting educators who offer their opinions about proposed FASB statements, after research has been done to deter
sasho [114]

Answer:

.D. the AAA.

Explanation:

The American Accounting Association (AAA) is a global accounting education, analysis and practice excellence organization. It is a voluntary group of people with a passion in research and education in accounting.

4 0
2 years ago
Assume the Residential Division of KappyKappy Faucets had the following results last year:
Alex_Xolod [135]

Answer:

12%

Explanation:

Calculation for the division's return on investment

Using this formula

Return On Investment = Operating income /Average total assets

Let plug in the formula

Return on investment= $636,000/$5,300,000

Return on investment= 0.12*100

Return on investment=12%

Therefore the division's return on investment will be $12%

6 0
2 years ago
Cost of goods sold was $159,400 for the period. The beginning and ending Inventory balances for the period were $18,700 and $13,
bearhunter [10]

,Answer:

$168,700

Explanation:

The computation of the cash paid to suppliers is shown below:

But before that first we have to determine the purchase amount which is

As we know that

Cost of goods sold = Beginning inventory + purchase - ending inventory

$159,400 = $18,700 + purchase - $13,700

So, the purchase amount is $154,400

Now the cash paid to suppliers is

= Opening balance of account payable + purchase made - ending balance of account payable

= $22,500 + $154,400 - $8,200

= $168,700

We simply applied the above formulas

7 0
3 years ago
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