Answer:
Yes because Partridge Corporation is an accrual basis corporation
Explanation:
Since the charitable contribution was approved On December 27, 2019, and the directors of Partridge Corporation, is an accrual basis calendar year taxpayer, the authorized cash contribution of $10,000 to the American Cancer Association ought to be accounted for in the year it was made which is 2019 although the payment is eventually going to be made on April 13, 2020.
Accrual basis records transactions when they are earned (income) or incurred (expenses); and not when they are received (income) or paid for (expenses)
Answer:
Interest rates will rise
Explanation:
The reason is that the new process will lead to an appreciable rise in productivity in the energy sector. This rise in productivity positively affect the the rate of return on the investments of producers which indicates an increase in income. As people have more money to spend due to increase in income, demand will therefore rise. Increase in income would make the amount of savings and investment rise in the economy. The rise in investment will eventually lead to a rise all interest rates.
I wish you the best.
Answer:there are 4
Explanation:if you take the 16 businesses and multiply it by a quarter which is .25 and you will get 4
Answer:
C. 37.4%
Explanation:
The computation of the gross profit margin is shown below:
Gross profit margin is
= Gross profit ÷ Sale revenue × 100
= $4,267.2 ÷ $11,406.90 × 100
= 37.4%
By dividing the gross profit by the sales revenue we can get the gross profit margin.
It is always expressed in a percentage form
All the other information which is given in the question is not relevant. Hence, ignored it
