🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Accounting
10
answers
0
watching
58
views
13 Dec 2019

when categorizng the product and service you sell on sales forms,like invoces:

a. you have to use your item list

b. you have to use your chart of accounts

c. you have to use either accounts or items

d. you don't use invoices to sell products and services

d.you don't use invoces to sell products and service

Watch
10
answers
0
watching
58
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Nestor Rutherford
Nestor RutherfordLv2
17 Dec 2019
Get unlimited access
Already have an account? Log in
Share

Related questions

Could you help me with my accounting essay? Need at least 300words Suppose you have decided to start a business producing andselling a product of your choice from the following options: custombirthday cakes, lawn mowers or sport jackets. For your essay,answer the following questions related to your product: Brieflydescribe the product you would produce and sell. What market willyou target this product for? At what price would you sell yourproduct? Make a projection of your sales in units for the firstyear of operations. Make a detailed list of the materials needed tomake your product. (Use the textbook and/or outside research asnecessary.) How much in materials will you need for the year? Whatis the cost of these materials? Make a list of expenses you wouldincur in your business venture. (Use the textbook and/or outsideresearch as necessary.) Examples include rent, utilities,insurance, direct labor, manufacturing overhead costs and so on.Estimate the cost of each of these expenses per year. Classify allof your expenses as either fixed or variable, and calculate howmany units of your product you would need to sell to break even.How much operating income would you like to earn in the first year?Calculate how many units you would need to sell to meet your targetprofit. How realistic is your potential venture? Do you think yourtarget profit is achievable? Explain.

Suppose you have decided to start a business producing andselling a product of your choice from the following options: custombirthday cakes, lawn mowers or sports jackets.

For your essay, answer the following questions related to yourproduct:

Briefly describe the product you would produce and sell. Whatmarket will you target this product for? At what price would yousell your product? Make a projection of your sales in units for thefirst year of operations.

Make a detailed list of the materials needed to make yourproduct. (Use the textbook and/or outside research as necessary.)How much in materials will you need for the year? What is the costof these materials?

Make a list of expenses you would incur in your businessventure. (Use the textbook and/or outside research as necessary.)Examples include rent, utilities, insurance, direct labor,manufacturing overhead costs and so on. Estimate the cost of eachof these expenses per year.

Classify all of your expenses as either fixed or variable andcalculate how many units of your product you would need to sell tobreak even.

How much operating income would you like to earn in the firstyear? Calculate how many units you would need to sell to meet yourtarget profit.

How realistic is your potential venture? Do you think yourtarget profit is achievable? Explain.

The Chart of Accounts lies at the heart of a QuickBooks Onlinecompany. Which 5 of the following statements are true about theChart of Accounts, how to make changes to the Chart of Accounts,and how products and services are linked to the Chart ofAccounts?(Select all that apply)

-To add a new account, you open the Chart of Accounts byselecting Accounting from the left navigation, then select New toopen the Account window

-The Sales of Product Income account is a default account wheninventory is turned on

-Uncategorized Income and Uncategorized Expense are defaultaccounts for online banking activity

-If you add a new account, the category type determines on whichfinancial statement this account will show

-When we set up Products and Services, they are linked to theChart of Accounts by specifying a sales price/rate

-Delete an account from the Chart of Accounts if it is notrelevant to your business

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in