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2 years ago

Capital gains refer to profits from the sale of investments. true false

Business

1 answer:

madam [21]2 years ago

7 0

It is true that capital gains refer to profits from the sale of investments.

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The study of economics:

DochEvi [55]

Helpful to businesses, but not particularly helpful in making personal buying decisions.

6 0

2 years ago

At the end of the current year, the accounts receivable account has a debit balance of $999,000 and sales for the year total $11

Pavel [41]

Answer:

A.$28,325

B.$56,700

C.$56,650

D.$46,700

Explanation:

A.Record adjusting entry for bad debts on estimated percentage of sales as shown below:

Dr bad debt expenses$11,330,000× 1%×(1/4) $28,325

Cr Allowance for doubtful accounts $28,325

B.Record adjusting entry for doubtful accounts based on aging of accounts as shown below:

Dr Bad debt expense ($43,200+$13,500) $56,700

Cr Allowance for doubtful accounts $56,700

C.Record adjusting entry for bad debts on estimated at 1/2 of 1% of sales.

Dr bad debt expenses$11,330,000× 1%×(1/2) $56,650

Cr Allowance for doubtful accounts $56,650

D.Dr Bad debt expense ($53,100- $6,400) $46,700

Cr Allowance for doubtful accounts $46,700

3 0

2 years ago

Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in used guns recovered from murder

emmasim [6.3K]

Answer:

3. No, due to unilateral mistake

Explanation:

Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.

6 0

3 years ago

How is Change Management related to Baselining?

zheka24 [161]

Answer:

hope it helps..

Explanation:

Change management is an important part of project management in which the original project plan, represented by the baseline, is used to measure and assess project execution. ... The initial baseline is created by copying the data from the project after the project plan is completed, prior to starting.

8 0

3 years ago

An upcoming convention has secured 300 rooms at $140 per room for Friday night. The rack rate for Friday night is $250 per room

m_a_m_a [10]

Answer:

$67,000

Explanation:

The total revenue will be income from the 300 rooms and that from 100 rooms

=(300 x $140) + ($100 x 250)

=$42,000 +$25,000

=$67,000

6 0

2 years ago