Answer:
It means that 50,000 dollars was made in 2018
Explanation:
The Correct Answer is Option D. (Job-Cost record)
Answer:
How much of the distribution is treated as a dividend in 20X3?
100000
Explanation:
E&P CURRENT 200000
E&P ACCUMULATE -100000
Dividend 100000
Answer:
The answer is: D) continue flying until the lease expires and then drop the run.
Explanation:
Currently Cold Duck Airlines is losing money:
It only gets $1,000 in revenue per flight but spends $1,150 per flight (net loss of $150 per flight).
They should continue flying only until the lease contract expires. Usually lease contracts apply penalties if they are terminated early. We don't know the penalty amount but still it is never good to breach a contract.
Answer:
Sales Revenue – Cost of Goods Sold = gross profit
Explanation:
A merchandising business is one that is involved in selling goods to customers. The firm may purchase or produce the goods it sells. Merchandising firms report an expense named the cost of goods sold COGS. This cost represents the total cost of all goods sold to customers during a period.
Costs of goods sold include the direct cost associated with the merchandise. Calculation of COGS is by adding net purchases to the opening stock then subtracting ending stock. The cost of goods sold is used in calculating gross profit. Service firms do not report this cost as they do not sell goods.
