Answer: should be reported at $70,000.
Explanation:
Gross profit is the profit that is made by a business after the costs that are used during production has been deducted from the revenue gotten from sales. Therefore, the gross profit will be:
Sales revenue = $200,000
Less: cost of goods sold = $130,000
Gross profit = $200,000 - $130,000 = $70,000
Therefore, the gross profit should be reported at $70,000
You would Ask for cash back
Answer:
The correct answer is: Accounts receivable.
Explanation:
Accounts receivable is an accounting term used to refer to the money that is owed to a company by its customers. The company that may be individuals or corporations are the debtors since they owe money for the goods or services provided by the company on credit. Accounts receivable are recorded as a current asset in the Balance Sheet.
The answer is 1764, I’m pretty sure but I’m no teacher
Answer:
D. Banks can charge fees for missed payments.
