Business, 20.02.2020 22:39, iuthvK5866
Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return. For 2019, Selma had cash receipts of $1,400,000, which included $200,000 collected on accounts receivable from 2018 sales. It also included the proceeds of a $100,000 bank loan. At the end of 2019, she had $250,000 in accounts receivable from customers, all from 2019 sales. a. Compute Selma’s accrual basis gross receipts for 2019.b. Selma paid cash for all of the purchases. The total amount paid for merchandise in 2018 was $1.3 million. At the end of 2018, she had merchandise on hand with a cost of $150,000. At the end of 2019, the cost of merchandise on hand was $300,000. Compute Selma’s gross income from merchandise sales for 2019.
Answers: 2
Business, 21.06.2019 20:40, eaarnold
Alocal club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level?
Answers: 2
Business, 22.06.2019 08:30, dezmondpowell
Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price
Answers: 1
Business, 22.06.2019 13:50, veronica25681
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
Business, 22.06.2019 19:00, camidevecchis15
15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.
Answers: 1
Selma operates a contractor's supply store. She maintains her books using the cash method. At the en...
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