Answer:all of the above are Correct (D)
Explanation:
Real GDP is a macro economic statistics that measure the value of the goods and services produced by an economy in a specific period , adjusted for inflation. Government use both minimal and real GDP as metrics for analyzing economic growth and purchasing power over time.
So tyler company gets new customer which purchase 20% of the production whcih company sales during business year with th 40% discount.
Answer:
Certainly, they cannot prevail. The contract terms stated clearly that "time is of the essence of this contract." The Bassos and Miceli and Slonim Development Corp did not actually respect this contract term.
The contract was expected to have closed at 10:00 am on May 16, 1988, and not after. By the time that Dierberg left the venue, the contract should have been finalized. Alternatively, if there were unseen delays, Dierberg should have been informed at least 30 minutes before 10:00 am.
Explanation:
The argument by Miceli and Slonim does not hold water. The contract did require closing exactly at 10:00 AM, and not some time on May 16. In my considered opinion, suing Dierberg is a waste of court time and process.
Answer:
The gross profit margin is B. 31.5%.
Explanation:
The gross profit is the profit earned by a company from trading and is also known as the trading profit. It is the difference between the Net sales revenue and the cost of goods sold. This profit does not take into account any other expenses either operating or non operating except for the cost of goods sold.
The net sales revenue = Gross sales revenue - Sales returns and allowances - sales discounts
Net sales revenue = 160000 - 19000 - 11000 = 130000
The cost of goods sold are $89000
The gross profit = 130000 - 89000 = $41000
The gross profit percentage = (Gross profit / net sales) * 100
Gross profit margin = (41000 / 130000) * 100 = 31.5%
If an auditor is asked to observe the overstatement of sales, the auditor trace transactions from The cash receipts diary should be linked to the sales journal.
<h3>How would an auditor detect the
overstatement of sales?</h3>
The auditor detect the overstatement of sales are given below-
- Observe a sample of transfers from the sales journal to the central ledger's sales account.
- Approve a sample of sales from the sales diary to the shipment papers.
Thus, The cash receipts diary should be linked to the sales journal.
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