Question

MULTI-ANSWER - A business earning process would include which of the following activities? a. Selling inventory...

MULTI-ANSWER - A business earning process would include which of the following activities?

a.

Selling inventory or services
b.

Collecting and paying cash
c.

Purchasing or producing inventory
d.

Repairing and maintaining equipment
e.

Delivering the inventory or services
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A business can earn in many ways The basic definition of the term "earnings" is simple, but the concept of earnings has many uses. The earnings of a business are the same as its net income or its profit.

Earnings are usually calculated as all revenues (sales) minus the cost of sales, operating expenses, and taxes, over a given period of time.

Therefore mainly for the above given activities busines earning process include all the activities. and mainly revenue is eaned by selling inventory or services but for for selling those in includes many other activities.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following is not an objective of the purchasing process? Inventory control Purchases Returns...
Which of the following is not an objective of the purchasing process? Inventory control Purchases Returns Maintaining vendor records Forecasting cash flows None of the above
1) The financial reports of a business include only the results of that business’s activities. This...
1) The financial reports of a business include only the results of that business’s activities. This is: A) required only for large corporations. B) the separate entity assumption. C) true only for financial statements prepared under IFRS. D) the accounting equation. the cost principle. 1-1) Which of the following statements about financial accounting is correct? A) Financial accounting reports are primarily prepared to provide information for external decision makers. B) Financial accounting reports are used primarily by employees to make...
Which of the following activities would be reflected in cash flows from operating activities? A. Cash...
Which of the following activities would be reflected in cash flows from operating activities? A. Cash payments for dividends. B. Cash receipts from the issuance of common stock. C. Cash receipts from the sale of goods or services to customers. D. Cash receipts from the sale of investments.
Which of the following activities would be reflected in cash flows from operating activities? A. Cash...
Which of the following activities would be reflected in cash flows from operating activities? A. Cash receipts from the sale of goods or services to customers. B. Cash payments for dividends. C. Cash receipts from the issuance of common stock. D. Cash receipts from the sale of investments.
Which of the following would NOT be reported as a cash flow from financing activities? A....
Which of the following would NOT be reported as a cash flow from financing activities? A. Issuance of stock B. Collection of a cash dividend C. Payment of a cash dividend D. Issuance of bonds
Which of the following would be classified as a? 'cash equivalent'? Answer yes or no a)...
Which of the following would be classified as a? 'cash equivalent'? Answer yes or no a) cash on hand b) cash at the bank c) accounts receivable d) inventory e) accouts payable e) accounts payable f) prepayments g) bank overdraft h) debentures i) deposits at call j) bill receivable (60 days) k) loan receivable (3 months) I) gold bullion
Use the information below to answer the following question(s). Jupiter Inc. had the following activities in...
Use the information below to answer the following question(s). Jupiter Inc. had the following activities in the year: Direct materials balance: Beginning inventory $100,000 Purchases 308,000 Ending inventory 52,000 Direct manufacturing labour 80,000 Manufacturing overhead 60,000 Ending work in process inventory 20,000 Beginning work in process inventory 4,000 Ending finished goods inventory 80,000 Beginning finished goods inventory 120,000 1. What is Jupiter's cost of direct materials used during the year? a. $356,000 b. $360,000 c. $308,000 d. $364,000 e. $372,000...
67) Which one of the following is a sub-process of the Purchasing Process that does not...
67) Which one of the following is a sub-process of the Purchasing Process that does not update the Inventory Master Data? (2pts) Receive Goods and Services Determine Requirements Check Customer Credit Order Goods and Services None of the above 68) Which one of the following items is least likely to be part of an approved configuration plan? (2pts) Chosen hardware type, manufacturer, and model Items to be included in the hadrware contracts Results of testing alternative software design and hardware...
29) Financing activities include a) acquiring investments. b) lending money. c) acquiring long-lived assets. d) issuing...
29) Financing activities include a) acquiring investments. b) lending money. c) acquiring long-lived assets. d) issuing debt. 31) Which of the following increases cash? a) depreciation expense b) borrowing money by issuing a six-month note c) the declaration of a cash dividend d) acquisition of treasury stock 32) Which of the following would not be classified as an operating activity? a) interest expense b) income taxes c) payment of dividends d) selling expenses
Which of the following journal entries would be recorded if a business purchases equipment for $2,500...
Which of the following journal entries would be recorded if a business purchases equipment for $2,500 cash and supplies for $450 cash?  Group of answer choices Equipment 2,950      Cash 2,500      Supplies 450  Cash 2,500 Equipment 450      Accounts receivable 2,950  Cash 2,950      Equipment 2,500      Supplies 450  Equipment 2,500 Supplies 450      Cash 2,950
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT