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3 years ago

E first phase of the writing process involves writing a rough draft of your message.

1 answer:

6 0

This stament is true in my opinion because in order to make a story you have to go by the steps so like you have to write a rough draft

You might be interested in

Which of the following is not a comprehensive basis of accounting other than generally accepted accounting principles?A. Basis o

notsponge [240]

Answer:

The correct answer is letter "D": Basis of accounting used by an entity to comply with the financial reporting requirements of a lending institution.

Explanation:

According to the Generally Accepted Accounting Principles (GAAP) income tax accounting, cash basis accounting, modified cash basis of accounting, and basis of accounting to comply with a mandatory governmental authority are valid to prepare financial statements. Any other method is forbidden.

3 0

3 years ago

The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expe

Rom4ik [11]

Answer:

Net Income = $1,250

Explanation:

Benning Co.

Income Statement

For the Month Ended July 31, 2010

Particulars $ $

Revenues 6,000 (1)

Expenses:

Wages Expense 2,600 (2)

Supplies Expense 1,000 (3)

Utilities Expense 600

Insurance Expense 400

Depreciation Expense 150

Total expenses 4,750

Net Income $1,250

Note:

1. Revenues = 5,500 + 500 (Adjustment 5) = $6,000

Performed services not recorded will add.

2. Wages expense = $2,300 + 300 (Adjustment 3) = $2,600

Accrued wages not paid will add to the wages expense.

3. Supplies Expense = $1,200 - 200 (Adjustment 2) = $1,000

Supplies expense includes supplies on hand will decrease the supplies expense.

3 0

3 years ago

Kevin purchased a lawn mower. The blades were so dull that the mower could not cut the grass in his backyard. Due to the existen

tamaranim1 [39]

Answer:

implied

Explanation:

Warranty is an assurance that a product will do the work for which it was intended and be of the same quality and grade like others of its class received by a buyer of a product from the seller whether expressly stated or not . This follows that where the product is discovered to be substandard or defective, the seller will either repair or replace the product in line with the terms and conditions of sales.

Implied Warranty is a quality assurance statement given by a buyer to a seller that is neither oral nor written but generally understood by law to be associated with products and services of that industry

7 0

3 years ago

Lemony Company made sales of $ 32 comma 200 million during 2018. Cost of goods sold for the year totaled $ 12 comma 880 million.

Aleksandr [31]

Answer:

Gross profit is 60%

Inventory turnover is 4.6 times

Explanation:

The formula to compute the gross profit percentage is shown below:

= (Gross profit ÷ sales) × 100

where,

Gross profit = Sales - the cost of good sold

= $32,200 million ÷ $12,880 million

= $19,320 million

And, the sales is $32,200 million

Now put these values to the above formula

So, the percentage would equal to

= ($19,320 million) ÷ ($32,200 million) × 100

= 60%

The formula to compute the inventory turnover is shown below:

= (Cost of goods sold) ÷ average inventory

where,

Average inventory = (Beginning inventory + ending inventory) ÷ 2

= ($1,200 million + $1,600 million ) ÷ 2

= $900 million

And, the cost of good sold is $12,880 million

Now put these values to the above formula

So, the turnover would equal to

= $12,880 million ÷ $2,800 million

= 4.6 times

7 0

3 years ago

Select the correct answer from each drop-down menu,

Alik [6]

Answer:

C) property

A) direct tax

Explanation:

5 0

3 years ago