Answer:
A) Prepare the revenues section of the income statement.
Lopez Company
Income Statement for the year ended MM DD, YY
Sales Revenue $852,850
-Sales Returns and Allowances $24,030
-Sales Discounts <u> $12,760 </u>
= Net Sales <u>$816,060</u>
B) Prepare separate closing entries for
(1) sales
Dr. Cr.
Sales $852,850
Income Summary $852,850
(2) the contra accounts to sales.
Dr. Cr.
Income Summary $36,736
Sales Returns and Allowances $24,030
Sales Discount $12,706
Answer:
10.29%
Explanation:
Rule of 72 can be defined as a metric used to determine the time it will take to double an investment based on its growth rate.
To find the interest rate Kari must receive for her investment to double in 7 years, we would use the Rule of 72;
Rule of 72 = 72/7
Rule of 72 = 10.29%
Therefore, Kari must receive an interest rate of 10.29% for her investment to double in 7 years.
Answer:
Two detectives think that a murder suspect has the murder weapon hidden in his apartment. Before they can search the apartment, they have to obtain a search warrant from a judge. Why are police required to get warrants before completing such searches?
They gets such warrant in order not be charged for being trespass which is punishable under the law, it entails when an outsider without invitation intrudes into another person's home, such could lead to being accused of theft, trespass among others.
Explanation:
Reality of contract of an agreement is said to be present in a contract when there is genuineness.
When there is true meeting of minds or reality of agreements is the genuineness. Fraud charges are proven wrong only if they are in a written form of contract.
Be it spoken or act of conduct it cannot be stated as a fraud without any consent present information. They are not backed by fraud cloud, misrepresentation, undue influences and mistakes. It is definite and claim which is fairly straight forward in contracts. Reality emerges if the contract is fulfilled on time with due influence.
To learn more about contract here,
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We need to see the article to give the best answer, but the closest choice would be <u>D.</u>
Giving both sides of the story is one way to avoid bias (aka favoring) toward one side.
