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trapecia [35]
2 years ago
5

What percentage of each dollar of sales affected net income given Sales of $120,000; Cost of Goods Sold of $70,000; Operating Ex

penses of $10,000; Interest Expense of $5,000; Income Tax Expense of $5,000; and Net Income of $30,000
Business
1 answer:
Romashka [77]2 years ago
3 0

Answer: 25%

Explanation:

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sole trader

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The Coase Theorem states that
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Answer:B. if transaction costs are​ low, private bargaining will result in an efficient solution to the problem of externalities.

Explanation:

The coarse theorem:

If there is a conflict between parties this will lead to an effecient results irrespective of who won the right to the property as long as the transaction cost related to the price negotiation is insignificant.

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A(n) ____ is a professional communication that accompanies your résumé when you respond to a job advertisement or are simply int
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A cover letter is the professional communication .
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3 years ago
Why is a weather specialist important on major incidents?
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<span>Weather specialists or weathermen are reporters about weather warnings, with no formal meteorological training. Even though they have no formal trainings, they are important especially on major incidents because they are the ones who give forecasts or weather warnings. In so doing, they can protect people’s life and property. </span>

7 0
3 years ago
May 3 Allied made its first and only purchase of inventory for the period on May 3 for 3,000 units at a price of $9 cash per uni
Airida [17]

Answer:

Explanation:

May 3

Dr merchandise inventory 27,000

   Cr Cash 27,000

May 5

Dr Accounts receivable 19,500

    Cr Sales 19,500

May 5

Dr COGS 13,500

     Cr Merchandise inventory 13,500

May 7

Dr Sales returns and allowances 1,950

     Cr Accounts receivable 1950

Dr Merchandise inventory 1350

     Cr COGS 1350

May 8

Dr Sales returns and allowances 750

     Cr Accounts receivable 750

May 15

Dr Cash 16464

Dr Sales discount 336

    Cr Account receivable 16800

19500-1950-750 = 16800

16800*2% = 336

7 0
3 years ago
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