Katherine gives piano lessons for $20 per hour. she also grows flowers, which she arranges and sells at the local farmer’s market. one day she spends 5 hours planting $50 worth of seeds in her garden. once the seeds have grown into flowers, she can sell them for $150 at the farmer’s market. katherine’s accounting profits

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.

What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations