Answer:
Nexium & Associates Journal entries
March 1
Dr Accounts Receivable800
Cr Service Revenue 800
March 9
Dr Office Furniture1,060
Cr Office Supplies 160
Cr Accounts Payable1,220
March 15
Dr Accounts Payable1,220
Cr Cash1,220
March 23
Dr Electricity Expense430
Cr Accounts Payable430
March 31
Dr Salaries Expense850
Cr Cash850
Explanation:
The details given about Nexium & Associates are straight forward and required no further
adjustment.
Answer:
d. the natural environment.
Explanation:
There are two business environment
The first one is microenvironment and the other one is the macro environment
The microenvironment refers to that environment that covers the business functions with respect to the general public, customers, competitors, employees, etc
While the macro environment refers to that environment that affects the business functions or its workings
It can be in various ways like
1. Political & legal
3. Social
4. Technological
5. Demographic
6. Economical
Savings account is what would go in the blank.
Answer:
Net income$ 1,982
Explanation:
Preparation of income statement for Krafty Foods for the year ended December 31, 2021
Krafty Foods Income Statement For the Year Ended December 31, 2021
($ in millions)
Operating revenues 34,375
Less Cost of goods sold 17,631
Gross profit 16,744
Marketing, general and administration expenses
11,560
Operating income 5,184
(16,744-11,560)
Interest and other debt expense, net
1,537
Income before taxes 3,647
(5,184-1,537)
Income tax expense 1,665
Net income$ 1,982
(3,647-1,665)
Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982
Answer:
The earnings foregone by skipping the two tournaments on the PGA tour is cost of opportunity
Explanation: The cost of opportunity of an economic decision that has several alternatives is the value of the best unrealized option. In other words, it refers to what a business stops earning, when choosing an alternative among several available. In this case are the prizes the golf player lost for not playing the tournments.
