Presented below is the adjusted trial balance of Splish Brothers, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,330 Accounts Receivable 3,580 Prepaid Insurance 2,620 Equipment 80,160 Accumulated Depreciation—Equipment $20,100 Trademarks 3,760 Accounts Payable 3,220 Salaries and Wages Payable 920 Unearned Service Revenue 1,060 Bonds Payable (due 2024) 31,880 Common Stock 2,120 Additional paid-in capital 15,160 Retained Earnings 14,720 Service Revenue 30,040 Salaries and Wages Expense 14,080 Insurance Expense 2,400 Rent Expense 3,260 Interest Expense 2,320 Total $ ? $ ?

Answers

Answer 1

Answer:

Cash $   5710

Total   debit side  $  199200 Credit side  $ 199200

Explanation:

We list the correct accounts at the right side. First we add up the credit side to find the total and then subtract the debit side from it to get the cash amount as the debit and credit side of the trial balance must be equal.

Splish Brothers, Inc.

Adjusted trial balance

December 31, 2017.

                                                              Debit                   Credit

Cash $                                                    5710

Supplies                                               1,330

Accounts Receivable                         3,580

Prepaid Insurance                             2,620

Equipment                                          80,160

Accumulated Depreciation—Equipment                        $20,100

Trademarks                                         3,760

Accounts Payable                                                             3,220

Salaries and Wages Payable                                               920

Unearned Service Revenue                                               1,060

Bonds Payable (due 2024)                                                31,880

Common Stock                                                                    2,120

Additional paid-in capital                                                    15,160

Retained Earnings                                                              14,720

Service Revenue                                                                30,040

Salaries and Wages Expense          14,080

Insurance Expense                           2,400

Rent Expense                                    3,260

Interest Expense                              2,320                                              

Total                                         $  199200                             $ 199200


Related Questions

Identify effective decision making techniques?

Answers

Answer:

Step 1: Identify the decision. You realize that you need to make a decision. ...

Step 2: Gather relevant information. ...

Step 3: Identify the alternatives. ...

7 STEPS TO EFFECTIVE.

Step 4: Weigh the evidence. ...

Step 5: Choose among alternatives. ...

Step 6: Take action. ...

Step 7: Review your decision & its consequences.

When we are doing the double entry for the closing inventory, why do we credit the inventory? I understand why we debit the closing inventory but not why we credit it.

Answers

Answer:

Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.

Explanation:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Outsourcing can give short term

Answers

Short-term outsourcing is available and may provide you quick fixes and immediate resolutions, you have to see outsourcing as a business partnership that can last beyond a decade. Quick fixes, after all, are incapable of producing long-term rewards.

A company function or any particular business activity may be outsourced to specialist organizations. The corporation often outsources the non-core functions like sanitization, security, home, pantry, etc. The business and the agency enter into a legal contract.

The necessary personnel are then provided to the firm by the agency. The agency bills the business for their services and reimburses them by paying their workers' salaries. Outsourcing is on the rise as a result of global competition. Companies may enhance their profitability and improve the quality of their products by concentrating on their core competencies with the aid of outsourcing.

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choose all of the following that are part of the definition of strategic management: (choose all that apply.)

Answers

Setting goals, assessing the external and internal environments of the firm, reviewing strategy, and assuring that management implements the techniques across the company are all part of strategic management.

What is the best definition for management?

The practice of managing, which involved running or overseeing a business, among other things. New owners managed the company better, using sensible ways to achieve their goals.

What is management in everyday terms?

Management is the method of organizing a company's actions and resources to achieve certain goals as effectively and efficiently as possible. Efficiency in management refers to the ability to perform tasks effectively and efficiently.

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How does emotional intelligence contribute to job performance?

Answers

Answer:

Benefits of Emotional intelligence in the workplace

Greater motivation among staff to understand their own emotions and those of their colleagues. Healthy communication that produces common goals across the business. The workforce having a positive outlook when it comes to the job at hand.

Explanation:

Examples of emotional intelligence in action in the workplace include: Constructive feedback instead of personal criticism and challenging behaviors, not people. Supporting colleagues through recognizing their emotions and working to reduce stress. Keeping calm and productive under pressure

Gain sharing is an employee benefit that provides

Answers

Gainsharing empowers employees to select how to improve their individual and collective performance. It also broadens employees' attention beyond their personal interests.

Gainsharing a contract that defines the vendor's commitment to the client in terms of particular business advantages. A contract of this type also specifies the payment the client will make based on the vendor's performance in delivering specified business advantages. A profit-sharing plan not only inspires employees to give their best effort, but it also instils in them a sense of accomplishment at work. This has secondary benefits such as fewer staff attrition and, as a result, less time and money spent on training new employees.

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What is the correct definition of an ad valorem tariff?
A.
It varies with the type of goods imported.
B.
It is a fixed charge on the value of imported goods.
C.
It is a percentage of the value of the imported goods.
D.
It varies with the foreign content of the imported goods.

Answers

Answer:

c

Explanation:

that is an answer and cheak your answer

You become the manager of a team historically accustomed to a very
"old-fashioned": the employees had no say in the matter, they were
considered as executors and in the service of their former manager. THE
performances were no longer there, the team being used by these
very top-down practices.

What would be your first actions as a new
manager of this team?

Answers

As the new manager of a team that has historically experienced top-down practices and low performance, my first actions would focus on creating a positive and collaborative work environment while addressing the performance issues.

Here are some steps I would take:

Build Relationships: I would make an effort to get to know each team member individually, understand their strengths, challenges, and career aspirations. Communicate a New Vision: I would clearly communicate a new vision and goals for the team, emphasizing the importance of collaboration, empowerment, and individual contributions. Encourage Employee Input: I would actively seek input and ideas from team members, encouraging them to share their perspectives, opinions, and suggestions. Delegate Authority: I would delegate meaningful tasks and responsibilities to team members, giving them opportunities to showcase their skills and take ownership of their work. Provide Support and Development: I would identify training and development needs within the team and provide resources and support to enhance their skills and knowledge. Foster Collaboration: I would promote a collaborative work environment by encouraging teamwork, cross-functional collaboration, and knowledge-sharing. Recognize and Reward Performance: I would establish a system for recognizing and rewarding exceptional performance, whether through formal recognition programs, public praise, or performance-based incentives. Regular Feedback and Performance Reviews: I would implement regular feedback mechanisms, such as one-on-one meetings or performance reviews, to provide constructive feedback, set goals, and track progress.

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Submission Requirements Hurry Pls Help ASAP!!!

Nine hundred word response.


When submitting written assignments, please remember to:


Submit the assignment question(s) and your responses.

Proofread for spelling, grammar, and punctuation.

Remember complete sentence structure.

Paragraphs need to have minimum of six sentences.


Submit your E.T.H.I.C.S. model of one of the provided scenarios.

Answers

When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.

What is meant by Proofread?

Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.

Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.

Thus, option B is correct.

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The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that component. What is the LCL for a control chart using this data (z=3)?Sample Obs 1 Obs 2 Obs 3 Obs 41 10 12 12 142 12 11 13 163 11 13 14 144 11 10 7 85 13 12 14 13

Answers

Answer:

9.37

Explanation:

The computation of LCL for a control chart is shown below:-

Sample  Obs 1  Obs 2    Obs 3   Obs 4   Mean observation    Range

1                 10      12           12          14              12                         4

2                 12     11            13          16              13                          5

3                 11      13            14           14              13                          3

4                 11       10            7            8               9                          4

5                13     12             14            13             13                         2

For computing the mean observation  and range we will use the below formulas

Mean observation = ( Obs 1 + Obs 2 + Obs 3 + Obs 4) ÷ 4

Range = Highest value - Lowest value

\(LCL = \bar{\bar{X}} - A2 \bar{R}\)

\(\bar X\) =  ( 12 + 13 + 13 + 9 + 13 ) ÷ 5

= 12

\(\bar R\) =  ( 4 + 5 + 3 + 4 + 2 ) ÷ 5

= 3.6

Since we found the value of A2 with the help of constants table for control charts for a 4 subgroup size.

A2  = 0.729

\(LCL = \bar{\bar{X}} - A2 \bar{R}\)

12 - 0.729 × 3.6

= 9.37

Brainstorm 3 people save money and 3 ways people invest money.

Answers

Three ways that people save money and three ways that people invest money include:

Ways to save money:

In savings accounts In savings schemes within the community Money market accounts

Ways to invest money:

Buying stocks and bonds Investing in Mutual and Hedge Funds Buying propertyHow can we save and invest money?

There are several ways of saving money and some of them include putting it into savings accounts and money market accounts in banks. These will earn some interest.

There are also ways of investing money so that you can get a higher return. Some include buying stocks or bonds issued by companies or the government. There is also buying property and earning rent, and investing in mutual funds.

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a. Describe the processes for developing and monitoring a business plan for a small business. b. Describe how you might establish systems to ensure the legal rights and responsibilities of the business are identified and the business is adequately protected, specifically in relation to work health and safety (WHS), business registration and environmental requirements. c. Explain how to communicate a business plan for a small business that clearly addresses priorities, responsibilities, timelines and budgets. d. Describe how you might evaluate the customer base and target market for a small business as a basis for the marketing objectives and strategies

Answers

Analyzing a business plan's strengths and flaws and tracking its long-term success are key components of establishing and monitoring a business plan for a small business.

A business plan is what?

A business plan is defined as a document that outlines a company's goals and objectives as well as the methods through which they can be achieved.

Researching the business's objectives and goals, market trends, and rivals' performance are all part of creating and maintaining a business plan for a small company. On the other side, a business strategy can be followed up on by creating tracking systems that will show how well the objectives have been met. This means that setting quantifiable targets is crucial for evaluating the success of a business plan.

It may be inferred that the procedure for creating and monitoring a business plan for a small business is to assess a plan's advantages and disadvantages and keep track of how it performs over time.

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a. Describe the processes for developing and monitoring a business plan for a small business.

o que eu aprendi as obre assistência de Recursos humanos​

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Explanation:

Este es la Respuesta es pero q te Ayudeee Dame Coronita

o que eu aprendi as obre assistncia de Recursos humanos

whan deciding how to invest your money which of the following is least important to know

Answers

When deciding how to invest your money, it's essential to consider several factors such as risk tolerance, investment goals, and time horizon.

However, the least important factor to know is probably the short-term market fluctuations.

Short-term market fluctuations refer to the daily ups and downs in the stock market or other investment platforms. While it can be tempting to focus on these fluctuations, they are generally not indicative of long-term performance and can lead to emotional, impulsive decisions that may not align with your investment strategy. Instead, it's more important to focus on factors that contribute to long-term growth and stability.

A sound investment strategy takes into account your risk tolerance, which is your ability and willingness to withstand potential losses. Additionally, clearly defined investment goals help you create a tailored plan that considers your specific objectives, such as saving for retirement or funding a child's education. Your time horizon, or the length of time you plan to invest, also plays a significant role in determining suitable investment options.

By prioritizing long-term factors like risk tolerance, investment goals, and time horizon, you can make more informed decisions that will ultimately lead to better financial outcomes. Remember that short-term market fluctuations can be distracting and are less important in the grand scheme of your investment journey.

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Slove 56 is 5 1/2% of what

Answers

For the mentioned problem, 56 is 5¹/₂ percent of 1018.08.

What is percent?

In mathematics, percentage is said to be a number or ratio expressed as a fraction of 100. It is commonly represented by the percent sign '%', but abbreviations such as 'pct.', 'pct', and 'pc' may also be used. Percentages are dimensionless numbers as they have no units of measure.

Percent may be calculated by dividing the value by the total and multiplying the result by 100. The equation used to calculate the percentage is (value/total) * 100%.

For the given question:

5¹/₂% = 11/2%

11/2% of x = 56

(11/200) × x = 56

x = 56 × (200/11)

x = 1018.08

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Describe the internal control features that were missing that enabled the employee to commit this fraud.

Describe what actions the employer should take to prevent this kind of fraud from happening in the future.

High-Flying Auto Dealer Employee Steals $10M For Luxuries
The scheming employee was able to electronically transfer funds from the company's online account to her own personal account and use the funds to buy four homes, 10 vehicles, Louis
Vuitton luggage, jewelry, $30,000 in pre-paid travel funds and stow away more than $20,000 in savings, court records show. Authorities said she covered up the thefts with a series of fake transactions as well as listing phantom cars in inventory so they could be recorded as assets.

Answers

Answer:

yes my answer is yes

Explanation:

I dont know

In Arizona, a tenant on a lease

Answers

In Arizona, a tenant on a lease has specific rights and responsibilities as governed by the Arizona Residential Landlord and Tenant Act.

When you enter into a lease agreement, you are entering into a legally binding contract with the landlord, and it's important to understand your rights and obligations.

As a tenant on a lease in Arizona, you have the right to a habitable dwelling. This means that the landlord is responsible for maintaining the rental property in a safe and livable condition, including necessary repairs, plumbing, heating, and electrical systems.

You also have the right to privacy. The landlord must provide reasonable notice before entering your rental unit, except in emergency situations. They cannot enter the premises without your permission or harass you.

Your responsibilities as a tenant include paying rent on time and in full according to the terms of the lease agreement. You are expected to keep the rental unit clean and undamaged, and to use it in a reasonable manner. Any damages caused by your negligence may be deducted from your security deposit.

If you encounter any issues or disputes with the landlord, it is recommended to document the problem in writing and notify the landlord promptly. You may also consider seeking legal advice or contacting the Arizona Residential Landlord and Tenant Act's enforcement agency for further assistance.

Remember to carefully review your lease agreement before signing it and seek clarification on any unclear provisions. Understanding your rights and responsibilities as a tenant on a lease in Arizona is essential for a smooth and lawful tenancy.

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what is your analysis on walmart financial health as of january 2021 compare to 2022

Answers

Absolutely horrible In my opinion
I think the analysis is good compared to the year of 2021

Pls can someone answer quick they are multiple choice

2. Which one of the following is not a characteristic generally evaluated in analysing financial
statements?
(1 Point)
O Liquidity
O Profitability
O Marketability
O Solvency


3. Comparisons of financial data made within a company are called (1 Point)

O intracompany comparisons.
O interior comparisons
O intercompany comparisons
O intramural comparisons

Answers

Marketability, one of the following is not a characteristic generally evaluated in analyzing financial statements. Thus, option (c) is correct.

Comparisons of financial data made within a company are called  intracompany comparisons. Thus, option (a) is correct.

What is company?

The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.

According to the financial statements, are the created with the help of the marketability of the product. There was the financial data are the company to the entry are the intracompany comparisons.

Therefore, option (c) and 2. (a) is correct.

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Kohber is a Swiss-company that makes medical equipment. It recently purchased a company, which manufactures packaging for high-value drugs. Since it will run the packaging company as a separate division, it would seem that Kohber is departmentalized by:________
a. function b. size c. geography d. customer e. product

Answers

The form of departmentization praticed by Kohber is departmentization by function.

What is departmentization?

Departmentization is when a company is divided into various departments based on certain criteria. When a company is departmentized based on function, it means that the company's department are created based on the functions it serves.

For example, there would be the marketing department, packaging department and production department.

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Assume the following shares outstanding: Preferred stock, 5%, $100 par value, noncumulative, 1,000 shares. No dividends were declared or paid in 2010 or 2011. Common stock, $1 par value, 2,000 shares. Total dividends declared in 2012 were $50,000. The total amount of dividends to which common stockholders are entitled is

Answers

Answer:

$45,000

Explanation:

The computation of the total amount of dividend paid to the common stockholder is given below:

But before that the dividend that to be paid to preference stockholder is

= Face value × Number of shares outstanding × Dividend rate

= $100 × 1,000 shares × 5%

= $5,000

The total dividend declared is $50,000

So, the balance is to be paid to common stockholder i.e.

= $50,000 - $5,000

= $45,000

Exposing domestic producers to __________ improves domestic __________ .
a. Efficiency, competitiveness
b. Foreign competition, efficiency
c. Foreign trade, quality
d. International markets, consumption

Answers

Exposing domestic producers to Option B. Foreign competition improves domestic efficiency.

Exposing domestic producers to foreign competition improves domestic efficiency. Domestic competition may not be enough to make domestic producers improve their efficiency. Still, when exposed to foreign competition, domestic producers become more conscious of their inefficiencies. Consequently, domestic producers are forced to produce products of higher quality at a lower cost. Due to foreign competition, domestic producers are pushed to produce products at lower prices while ensuring that they maintain quality standards.

Domestic producers try to adopt new technologies, reduce costs, and increase productivity to stay ahead of their competitors. This, in turn, improves domestic efficiency. By improving domestic efficiency, local producers gain the ability to compete in the global market. Additionally, foreign competition also helps improve the quality of local products to international standards.

Furthermore, exposure to foreign competition also has the potential to reduce the prices of goods and services in the domestic market. The improved quality of domestic products and reduced prices of goods and services lead to increased consumer consumption, which is beneficial to the domestic economy in the long run.

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What is the name of a person or business that is a parial owner of a company.?

Answers

Answer:

Shareholder

Explanation:

A person or business that’s is a partial owner of a company


You’re a project manager of a small team. You have received some resumes to review, and a few of them look well qualified, but two of the resumes are very poorly formatted and use wacky fonts and graphics. Would you considered these individuals as qualified candidates and if so, would you hesitate to hire them? Please justify your answer by briefly summarizing the discussion you might have with these candidates.

Answers

Answer:

just tell them the truth

If the product you sell has a fairly inelastic demand curve, would you be more or less likely to increase prices and why?

Answers

If the demand curve for my product is fairly inelastic, I would be less likely to increase prices.

What is inelastic demand?

The elasticity of demand for a product measures how the quantity demanded of a good changes when there is a change in the price of the good.

When demand is fairly inelastic, it means that when price changes, there is little or no change in the quantity demanded. The coefficient of elasticity is usually less than one. Goods that have an inelastic demand are usually necessity goods.

When the price of a good that has an inelastic demand is increased, there would be little change in the quantity demanded. This would increase the revenue of the seller.

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The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.

Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).

The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)


The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.


Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.


Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.


What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?

Answers

1. The value of the stock account after Year 2 is $155,401.626.

2. The value of the stock account after Year 8 is $96,110.0674.

3. The value of the stock account after Year 11 is $96,110.0674.

4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.

Bond interest rate: 5%

Stock dividend yield: 3.7% (10% less than S&P 500 average yield)

Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)

We'll assume an initial investment of $100,000.

Year 1:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370

1. Year 2:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626

2. Year 8:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674

3. Year 11:

Bond interest income: $100,000 * 0.05 = $5,000

Stock dividend income: $100,000 * 0.037 = $3,700

Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674

4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.

Stock dividend income: $100,000 * 0.037 = $3,700

Bond interest income: $100,000 * 0.05 = $5,000

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[The following information applies to the questions displayed below.]


On January 1, 2024, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.

Assuming the market interest rate on the issue date is 9%, the bonds will issue at $293,938.

2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024.

(Interest Expense does not equal 12800)

Answers

To record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024, we need to consider the issuance of the bonds and the accrual of interest expense.

1. Bond Issue on January 1, 2024:

  Date         Account                Debit        Credit

  --------------------------------------------------------

  January 1, 2024   Cash                     $293,938

                                     Bonds Payable                $320,000

  To record the issuance of $320,000 face value bonds at a discounted price of $293,938.

2. Semiannual Interest Payment on June 30, 2024:

  Date         Account                Debit        Credit

  --------------------------------------------------------

  June 30, 2024      Interest Expense    $14,400

                                  Cash                       $14,400

  To record the semiannual interest payment ($320,000 * 8% / 2 = $12,800) for the period from January 1, 2024, to June 30, 2024.

3. Semiannual Interest Payment on December 31, 2024:

  Date         Account                Debit        Credit

  --------------------------------------------------------

  December 31, 2024   Interest Expense    $14,400

                                      Cash                       $14,400

  To record the semiannual interest payment ($320,000 * 8% / 2 = $12,800) for the period from July 1, 2024, to December 31, 2024.

Please note that the interest expense amount mentioned in the question might be incorrect. Based on the information provided, the interest expense should be $12,800 for each semiannual interest payment, resulting in a total of $25,600 for the year 2024.

Haas Company manufactures and sells one product. The following information
pertains to each of the company's first three years of operations:
Variable costs per unit:
Manufacturing:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative
Fixed costs per year:
Fixed manufacturing overhead
Fixed selling and administrative expenses
A A A A
20
12
4
2
$
Book
$ 960,000
$ 240,000
int
During its first year of operations, Haas produced 60,000 units and sold 60,000 units.
During its second year of operations, it produced 75,000 units and sold 50,000 units.
In its third year, Haas produced 40,000 units and sold 65,000 units. The selling price
of the company's product is $58 per unit.
int
ences
Required:
1. Compute the company's break-even point in unit sales.
2. Assume the company uses variable costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.
3. Assume the company uses absorption costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.

Answers

While the sales revenue of $960,000 is a crucial piece of information, it is only one component in assessing the financial performance of Haas Company.

Based on the provided information, it can be inferred that Haas Company manufactures and sells only one type of product. The total amount of sales revenue for this product is $960,000. However, this information alone is not sufficient to determine the profitability or financial health of the company.

In order to assess the financial performance of Haas Company, additional information such as the cost of goods sold, operating expenses, and net income is needed.

The cost of goods sold refers to the direct costs associated with the production and sale of the product. This includes materials, labor, and overhead expenses. By subtracting the cost of goods sold from the total sales revenue, the gross profit can be determined. The gross profit indicates the profitability of the product, before taking into account any operating expenses.

Operating expenses are the indirect costs associated with running the business, such as rent, utilities, salaries, and advertising. After subtracting the operating expenses from the gross profit, the net income can be determined. The net income represents the overall profitability of the company after all expenses have been accounted for.

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One of your clients asks you to add QuickBooks Online Payroll to their existing subscription.
Starting from here, where should you go to do this in QuickBooks Online Accountant?

- Open the client’s QuickBooks Online company and select Overview from the left-hand navigation. In the Company Setup section, select Add Payroll
- Select Billing and subscriptions from the dropdown in the Actions column, then subscribe the client to QuickBooks Online Payroll
- Go to the Gear icon and select Subscriptions and billing, then find the client and select Add Payroll from the Client actions dropdown
- Open the client’s QuickBooks Online company and select Add Payroll from Accountant Tools

Answers

It's important to note that QuickBooks Online Payroll offers a variety of plans, so I would need to choose the plan that best suits my client's needs and budget. To add QuickBooks Online Payroll to an existing subscription, you should go to option 1, hence option 1) is the answer.

Sure, I'd be happy to help. If one of my clients asks me to add QuickBooks Online Payroll to their existing subscription, I would follow these steps: 1. Firstly, I would navigate to the client's account and select Billing and subscriptions from the dropdown in the Actions column. 2. Then, I would subscribe the client to QuickBooks Online Payroll from there. 3. Once the subscription is added, I would open the client’s QuickBooks Online company and select Add Payroll from Accountant Tools. 4. Next, I would follow the prompts to set up payroll for the client. This would include entering the client's business and employee information, as well as setting up the payroll schedule and payment method. 5. After completing the setup process, the client would be able to run payroll and manage their employees' pay and benefits through QuickBooks Online Payroll. It's important to note that QuickBooks Online Payroll offers a variety of plans, so I would need to choose the plan that best suits my client's needs and budget. Additionally, if the client already has an existing payroll provider, I would need to work with them to ensure a smooth transition to QuickBooks Online Payroll. Therefore option 1) is correct.

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If your income varies, you should

а. list the highest amount.

b. list the average amount.

С.list the lowest amount.

D. none of the above.

Answers

Answer:

b. list the average amount.

Explanation:

If your income varies, you should "list the average amount".

When a particular set of values vary, an average value is used. Average value is actually the estimated value which is found in two or more varying values. It gives an idea of what an expected value will be.

So, when income varies, the average amount is expected to be listed. This is done in order compensate even the lowest amount. So if two income varies, the average amount can be determined by adding the highest amount to the lowest amount, and dividing the outcome by 2.

Answer:

b. list the average amount.

Explanation:

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