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slavikrds [6]
3 years ago
5

On January 1, Year 5, customers owed Eagle $40,000. On December 31, Year 5, customers owed Eagle $30,000. Eagle uses the direct

write‐off method for bad debts. No bad debts were recorded in Year 5. Under the cash basis of accounting, what amount of net revenue should Eagle report for Year 5?
Business
1 answer:
irinina [24]3 years ago
3 0

Answer:

$200,000

Explanation:

The computation of the net revenue is shown below:

= Cash sales gross - Returns and allowances + credit sales gross - discounts + beginning balance of account receivable - ending balance of account receivable  

= $80,000 - $4,000 + $120,000 - $6,000 + $40,000 - $30,000

= $200,000

We simply first compute the net cash sales after considering the returns and allowances, and net credit sales after considering the discounts, and deduct the ending balance of account receivable

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What is the difference between general and applied ethics​
Snezhnost [94]

Answer:

The answer is below

Explanation:

Both General ethics and Applied Ethics are part of philosophical knowledge in understanding humans and their society.

Hence, the difference between general and applied ethics​ is:

General ethics is a philosophical term that is used to describe the theory of values in human activities. It deals with answering the controversial questions of human morality by establishing the idea of good and evil, right and wrong.

On the other hand, Applied Ethics is a term used in philosophy to describe a branch of ethics that is established to answer the issue of moral dilemmas, strategies, and operations in individuals' life, organizations, technology, and state.

5 0
3 years ago
One year ago, you purchased 100 shares of a stock. This morning you sold those shares and realized a total return of 8.2 percent
earnstyle [38]

Answer: e. sum of the dividend yield and the capital gains yields is 8.2 percent

Explanation:

The return of 8.2% that was realized is the sum of the dividend yield and the capital gains yield.

The dividend yield refers to the income earned from dividends issued by the company whose stock you owned divided by the stock price.

The capital yield is the change in price since you bought the stock for instance, buying the stock at a price of $15 and it is now worth $20.

These two yields will combine to give you the return of 8.2% that you realized.

8 0
3 years ago
Suppliers’ personal accounts is found in the
harina [27]

Purchase ledger.

The purchase ledger contains the individual accounts of suppliers from whom the business has made a purchase on credit.

4 0
3 years ago
George studies in a private institution. Because he comes from a low-income family, his parents use educational certificates pro
zimovet [89]

Answer: d. SCHOOL VOUCHER

Explanation:

SCHOOL VOUCHER

A School voucher, which is also known as an education voucher is a certificate of funding given by the government for a student studying at a school of their parent's choice. It is usually valid for a term or semester and may even be used to pay for home schooling expenses.

A 2006 survey of members of American Economic Association showed that over two thirds of economists believe that giving the vouchers to parents with low incomes can make a great impact.

8 0
3 years ago
Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club A. Wilson
Leto [7]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Implicit cost is a special type of opportunity cost, its generate when an organization or a business has to pay his cost and does not necessary to show it. for example, a businessman gets a salary from his organization.

  • In this situation, Wilson owns a club and works as an accountant in it.
  • This type of cost defines an Implicit cost for Wilson's health club.
5 0
3 years ago
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