Answer:
The correct answer is twenty-four thousand dollars.
Explanation:
According to The Wedding Report, in 2010, the average cost of weddings was just over twenty-four thousand dollars. This is because the rental costs of the place where the wedding will take place are high, the decoration and lighting also raise the costs. The sound, music or band is also added to a list that varies according to the magnitude of the wedding. While there are some more ostentatious than others, the average is calculated by adding the total costs and dividing them into the number of weddings that took place in 2010.
Have a nice day!
The average wedding costs 24,000$ "According to The Wedding Report, in 2010 the average wedding cost a little more than $24,000." found this in my study guide :) I hope it helps.
Answer:
Comparing prices is a good idea because it increases the bargaining power of the consumer by knowing various prices of a product in the market the consumer is in a good position to negotiate or get a better quality for the product.
Comparing prices also means the buyer is better positioned to get the product on a low and make extra savings from the purchase for other purposes.
Explanation:
Answer:
operating income will increase by $56,889
Explanation:
current income statement:
total revenue $450,000
- variable costs ($130,000)
gross margin $320,000
- fixed costs ($50,000)
operating income $270,000
income statement with sales increase:
total revenue $530,000
- variable costs ($153,111)
gross margin $376,889
- fixed costs ($50,000)
operating income $326,889
operating income will increase by $56,889
variable costs = $130,000 / $450,000 = 28.89%
Answer:
$26,300.
Explanation:
The operating income for the current year is $270,000 (450,000 - 130,000 - 50,000). When sales change, variable costs also change with the change of output, but fixed cost remains the same. So we have to calculate the variables costs when sales increase by $80,000. To do so, variable expense ratio, calculated as variable expense / sales, will be used.
So, variable expense ratio is .29 (130,000 / 450,000).
Calculation for Change in Operating Income when sales are $530,000 (450,000 + 80,000) is as follows:
Sales revenue $530,000
Variable costs (530,000 * .29) (153,700)
Fixed costs (80,000)
Operating Income $296,300
⇒ Operating Income will increase by $26,300 (296,300 - 270,000) when sales increase by $80,000.
Answer:
A.
Explanation:
The accounting cycle is the name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.
Upon the posting of adjusting entries, a company prepares an adjusted trail balance followed by the financial statements. An entity closes temporary accounts (revenues and expenses) at the end of the period using closing entries. These closing entries transfer net income into retained earnings. Finally, a company prepares the post-closing trial balance to ensure debits and credits match.
Steps:
-Journal
-Ledger
-Trail Balance
-Adjustment Entries
-Trading Account
-Profit or loss account
-Final accounts
-Post closing Trail Balance
Answer:
c. after closing entries have been journalized but before the entries are posted.
Explanation:
The post-closing trial or trial balance is a relationship between the G / L accounts and the balances made at the end of the period, after journaling and then moving the closing entries to the G / L. It is the last instance in the accounting cycle, it is performed at a later stage when the closing of the nominal accounts is carried out, its main function is to certify that the largest is balanced at the beginning of the next accounting period.