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3 years ago

An estimated three-quarters of what product sold in naples originate in the black market?

1 answer:

7 0

<span>This is because the tax on a carton of cigarette is about $10plus. It used to be $3plus before the Obama administration and when the cost of tax is added to the sales price, it makes it more expensive for the average consumer, however, black market sellers usually avoid paying taxes thats why it is black market.</span>

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A company reported total stockholders' equity of $540,000 on its balance sheet dated December 31, 2016. During the year ended De

solniwko [45]

Answer:

$667,000

Explanation:

stockholders' equity December 31, 2016 = $540,000

plus net income = $60,000

minus cash dividends = ($18,000)

plus issuance of common stock = $70,000

plus sale of treasury stock = $15,000

stockholders' equity = $667,000

Stock dividends do not affect the value of stockholders' equity, that is why they are not included in this calculation.

7 0

3 years ago

The clientele of black & company's audit practice consists primarily of privately-owned small and middle market companies. r

stepladder [879]

<span>By winning two new clients in form of publicly owned companies black & company increase its chances to open its services to a broader market. If the audit is successful and the new clients are satisfied black & company could get referrals which would lead to a growing clients base and therefore an increase in profits.</span>

3 0

3 years ago

Read 2 more answers

If revenues are recognized only when a customer pays, what method of accounting is being used?Recognition basisAccrual-basisMatc

Dvinal [7]

Answer:

The correct answer here is Cash basis.

Explanation:

One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.

3 0

3 years ago

Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued

Mila [183]

Answer:

The Journal Entry is shown below in the explanation section

Explanation:

The first step to take is to make use of the Journal entry.

Journal Entries for issuing Bonds

1 May Cash 800,000

Bonds Payable 800,000

1 Nov Interest expense 24,000

Cash 24,000

(800,000* 6%*6/12)

31 Dec Interest expense 8000

Interest Payable 8000

(800,000* 6%* 2/12)

3 0

3 years ago

The Water Sports Company soon will be producing and marketing a new model line of motor boats. The production manager, Michael J

Licemer1 [7]

Answer:

Explanation:

X - number of units sold

Total cost for production = 1,500,000 + 1600X

Total cost for purchasing = 2000X

a. For 4000 units sold

Total cost for production = 1,500,000 + 1600 * 4000 = $7,900,000

Total cost for purchasing = 2000* 4000 = $8,000,000

In this case producing is cheaper. Therefore, it is better to produce

b. Y - break-even point

Then : 1,500,000 + 1600 * Y = 2000* Y

So 1,500,000 = 400 Y

Y = 3750

At №of units less than 3750 purchasing will be the better option

And above 3750 producing will be the better option

4 0

3 years ago