1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bas_tet [7]
3 years ago
14

Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $80,000 cash to start the bu

siness and received 4,000 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $75,600; December 31, current year, amounts due from customers from sales of books, $39,000; unused portion of store and office equipment, $73,000; December 31, current year, amounts owed to publishers for books purchased, $12,000; one-year note payable to a local bank for $3,000. No dividends were declared or paid to the stockholders during the year. What was the amount of net income for the year?
Business
1 answer:
maria [59]3 years ago
6 0
1478390 idk : ) please help this person
You might be interested in
A company received $5,000 for 100 one−year subscriptions on july 1. the journal entry to record this cash receipt would include
seropon [69]

A credit to Unearned Revenue for $5,000

7 0
3 years ago
Read 2 more answers
Shawn tries to obtain information that might assist his company whenever he talks with sales representatives, attends trade show
stealth61 [152]

Answer:

The correct answer is B. informal information search.

Explanation:

An informal source of information is basically that which comes from experiences and not in-depth studies on the economic sector. In this case, Shawn tries to get to know all the process, starting with the sales representatives who are the people who day by day carry out the most important work of the organization and know the market and its main challenges. Fairs and newspapers are informal media that rarely have verified information or information from structured studies.

6 0
3 years ago
On March 1, Green went to Easy Car Sales to buy a car. Green spoke to a salesperson and agreed to buy a car that Easy had in its
lana66690 [7]

Answer:

C: March 10

Explanation:

In this scenario he signed the security agreement on the 5th of March, picked up the car on the 10th of March, and filed the security agreement on the 15th of March.

Even though he signed the agreement on the 5th of March (which would be believed is the day that the security interest is attached), he only took it into his possession on the 10th. Only once you take the car into your possession does the security interest attach, since it is no longer in the possession of the car dealer.

3 0
3 years ago
Which auditory ossicle is commonly known as the anvil?
stealth61 [152]
Auditory ossicles:
Incus (known as the anvil)
mallus (hammer)
stapes (stirrup)

8 0
3 years ago
Suppose that the udp receiver computes the internet checksum for the received udp segment and finds that it matches the value ca
NeTakaya
It does not appear that the receiver would be absolutely certain that no bit errors have  occurred. As long as the checksum and its 1s complement equal the value that was originally  sent, it will verify. Basically, a 0 or 1 can possibly be swapped somewhere in the checksum,  but no bit errors will be detected as long as the addition sent by the sender and checksum  received by the receiver match. No, the receiver cannot be absolutely certain that no bit errors have occurred. This is because of the manner in which the checksum for the packet is calculated.
6 0
3 years ago
Other questions:
  • Great Southeast ​Company's Cash account shows an ending balance of $ 720. The bank statement shows a $ 26 service charge and an
    9·1 answer
  • Leon Georges works in the warehouse for a manufacturer of air-purification systems. He is responsible for the transportation of
    5·1 answer
  • The price of a swimming pool has been discounted 16.5%. the sale price is $1152.30. find the original list price of the pool.
    13·1 answer
  • The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
    7·1 answer
  • g An increase in demand is represented by a a. movement downward and to the right along a demand curve. b. movement upward and t
    6·1 answer
  • Windsor, Inc. just began business and made the following four inventory purchases in June:
    5·1 answer
  • A company has two products: A1 and B2 . It uses activity based costing and has prepared the following analysis showing budgeted
    9·1 answer
  • How do you define success?
    12·2 answers
  • If 20,000 worker-hours produced a total output of $600,000 in an economy, then the labor productivity is
    10·1 answer
  • the case of _____ has been referred to in the press and business publications as an example of right-minded import protection in
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!