What are revenues and expenses and how do they affect profit?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Revenues occur from providing services selling merchand...View the full answer
Answered By
Tarique Anwar Khan
I am teaching in an engineering college from last 7 years.
I was in Shivneri polytechnic Junnar from 2013 to 2014. then i have joined to MMANTC, Malegaon as an assistant professor in department of mechanical engineering in 2014 and currently working there.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
Question Posted:
Students also viewed these Cost Accounting questions
-
What are revenues and expenses? Define each.
-
In general terms, what are revenues and expenses? How are they related in the determination of an enterprises net income or net loss?
-
Sherman Lawn Service, Inc., has been open for one year, and Hannah Sherman, the owner, wants to know whether the business earned a net income or a net loss for the year. First, she must identify the...
-
On a cold winter day, the atmospheric temperature is - (on Celsius scale) which is below 0C. A cylindrical drum of height h made of a bad conductor is completely filled with water at 0C and is kept...
-
Which one of the following is not an activity base used by a company? a. Number of defects per hour in an assembly plant b. Number of units sold for a merchandising firm c. Number of units produced...
-
Crates of tea should contain 200 kg, but it is known that 1 out of 45 crates, on average, is underweight. A sample of 630 crates is selected at random. a. Find the probability that more than 12 but...
-
A proton moves in the positive \(x\) direction at \(4.00 \times 10^{4} \mathrm{~m} / \mathrm{s}\). Calculate the magnitude of the magnetic field at the point \((x, y)=(+2.00 \mathrm{~mm},+1.00...
-
VERTICAL ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B. REQUIRED Prepare a vertical analysis of the income statement and balance sheet. Show each...
-
Kazibwe, a businessman does not maintain a complete set of books for his business transactions. The following is a summary of his cash transactions for the year ended December 31, 2015. Receipts Kshs...
-
Visit the websites of at least five large corporations and locate a biography of each CEO. What formal management education do these leaders have? In your opinion, what is the appropriate amount of...
-
What is the difference between Accounts Payable and Accounts Receivable?
-
Amal can never remember which accounts belong on the balance sheet and which accounts belong on the income statement. Provide Amal with an explanation that will help her remember what to do.
-
Solve each problem. Find a polynomial function of degree 3 with -2, 1, and 4 as zeros, and (2) = 16.
-
In the modern world of HRM dynamics, what should the managers be trying to accomplish with the decisions they make when there is an element of risk involved? explain
-
Key outputs of the Technical Planning process include: ( Select the two answers that apply. ) A ) A Systems Engineering Plan ( SEP ) B ) A Test and Evaluation Master Plan ( TEMP ) C ) Any previously...
-
A mutual fund pays 13% compounded monthly. How much should I invest now so that 3 years from now I will have $3000 in the account? Amount = $
-
"What is critical reflection?" explain in detail with examples
-
A firm is considering investing in a 5-year project that will cost $1,200,000 today. Then the project will provide positive cash flows of $200,000 in years 1 and 2, $500,000 in years 3 and 4, and...
-
(a) Select and indicate a topic and population of interest to which a random sampling technique can be applied to obtain data. (b) Explain how you or your group would obtain a random sample for your...
-
Use the following data to answer the next two (2) questions: Product 1 Product 2 Product 3 Direct Material Cost $25,000 $30,000 $35,000 Direct Labor Cost $30,000 $40,000 $50,000 Direct Labor Hours...
-
Pat Kabza, a student, asks for your help in understanding the different corporation characteristics. (a) Explain the following characteristics to Pat and identify whether they are an advantage or a...
-
Compare the rights of preferred shareholders with those of common shareholders. Include in your answer the areas in which preferred shares are given priority over common shares.
-
Indicate whether each of the following transactions would be added to (+) or subtracted from (-) profit to calculate net cash provided (used) by operating activities using the indirect method. If a...
-
Microsoft Corporation makes Xbox video game consoles. For Microsoft's financial year YYYY, please make use of the following provided information regarding the inventory of those Xbox consoles:...
-
3. You purchased a 3 year coupon bond one year ago. Its par value is $1,000 and coupon rate is 6%, paid annually. At the time you purchased the bond, its yield to maturity was 6.5%. Suppose you sell...
-
Discuss the following topic(s) in the forum and submit proof of your participation in the online discussions: 1) Professional certification and the practising accountants 2) Cost data and managerial...
Study smarter with the SolutionInn App