Answer:
2020:
Sales revenue = Net Sales + Sales returns
= 345,615 + 13,790
= $359,405
Freight-In = Cost of goods sold - Beginning inventory - Purchases + Purchase returns + Ending inventory
= 252,735 - 34,400 - 260,690 + 43,065 + 7,410
= $8,120
2021:
Beginning inventory = Ending inventory 2020 = $43,065
Gross Profit on sales = Net sales - Cost of goods sold
= 396,103 - 292,523
= $103,580
Answer:
$1,750
Explanation:
First, we have to calculate the assessed value which can be determined using the below formula:
Assessed value=Appraised value of home*assessment level
=125,000*35%
=$43,750
The next step is to calculate the cost of each mill which can be calculated using the following formula:
Cost of each mill=Assessed value/1000
=43750/1000
=43.75
The final step is to find the annual taxes, which can be calculated using the following formula:
Annual taxes=cost of each mill*number of mills
=43.75*40
=$1,750
Answer:
C. Accounts Receivable 45,400 Sales Revenue 45,400
Explanation:
Trade Receivable $45,400 (debit)
Revenue $45,400 (credit)
<em>Recognise an Asset - Trade Receivable and Revenue</em>
Shareholders invest money in a business.
Typically, a share holder owns such a small portion of a company (through a few shares of stock, for example) that they have no idea or say in the daily operations or hiring/firing decisions. A shareholder typically needs to own a "controlling share" or be on the board of directors to make those decisions.
Pension plans, health insurance, paid vacation and holidays, and the like are non financial forms of compensation provided to employees.
<h3><u>
Explanation:</u></h3>
The term compensation refers to something that is given to an individual for the things lost or for some injuries that happened at the working place. They can be either monetary or non monetary compensation. Compensation plays a major role in motivating the employees and make them work effectively.
Financial forms of compensation includes bonus, commissions, overtime pay, profit sharing, stock options,etc. Non financial forms of compensation includes Pension plans, health insurance, paid vacation and holidays, retirement and employment services,etc.
