Answer:
C) $77,090
Explanation:
June 69000 (40% in July, 50% in AUgust)
July 80000 (40% in August, 50% in Sepetember)
August 77500 (40% in September, 50% in October)
September 77900 (40% in October)
October 71800 (10% in October)
Total budgeted cash payments in October = 71,800 x 10% + 77,900 x 40% + 77,500 x 50% = 77,090
Since the actual process of the transaction is instantaneous, and its takes the money directly out of your account, the account they're dealing with is most likely Revenue.
Accounts Receivable is also another option that may come to mind, but remember that in this account, the seller is waiting for payment. Once the responsible party pays the seller, A/R is credited (decreased) and Revenue is debited (increased).
With iTunes (as stated previously), the transaction happens right then and there. We pay cash and iTunes gives us the song/movie/album/etc. Therefore, the only logical answer would be <u>Revenue</u>. In this case, <em>Sales Revenue</em> since we're dealing with a type of retailer and not a service.
As you are forming a team, it is important to bear in mind that Each member should have only 1 specialization. Jane serves to monitor & control the team processes.
In order to become more effective, specialization in business entails concentrating on a single product or a small range of products. Specialization can boost productivity and give a company or economy a competitive advantage.
When individuals and organizations focus on creating what they are proficient at, or even better, the best at, specialization occurs. For instance, KFC specializes in fried chicken and chicken hamburgers, whereas Starbucks specializes in serving uniform coffee.
If you specialize, you concentrate on a particular facet of a bigger subject. If you're a nurse, you might focus on giving care to infants and children as your area of specialization in pediatric care.
Learn more about specialization here
brainly.com/question/2246305
#SPJ4
Explanation:
GIVEN DATA:
Alpha reported = $200,000
withdrew = $30,000
corporate income tax rate = 30%
personal income tax rate = 15%
SOLUTION:
we get here total amount of tax collect as
total amount of tax collect = Alpha reported amount × personal income tax rate ...............1
put here value
total amount of tax collect = $200,000 × 15%
total amount of tax collect = $30,000
here no corporate tax required and partner is taxed on share of total partnership income regardless of amount withdrawn
so the correct answer is $30,000
Answer:
C) Sales returns.
Explanation:
A sales return is an actual return of merchandise inventory by a customer for any reason. The sales return account is a contra sales account, due to its debit nature it is adjusted into the sales value to calculate net sales. As the sales were recorded by the Tom's Textiles so, the return will be classified as sales return.
