1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
expeople1 [14]
3 years ago
6

The Town of Little River expects to collect $90,000 in sales tax from the state government within 30 days of the end of fiscal y

ear 2020 for retail sales taking place in fiscal year 2020. What entry, would Little River make at the end of 2020
Business
1 answer:
dimaraw [331]3 years ago
6 0

Answer:

D. Due from state government 90,000 Revenues control 90,000

Explanation:

Since the town of little river still expects to collect $90,000 in sales tax from the state government within 30 days after then end of fiscal year 2020 for retail sales taking place in fiscal year 2020 but have not yet received the cash or amount, it will be entered into the account as Due from state government $90,000. Money is due because as stated earlier, the little town isn't receiving it during that fiscal year but rather within 30 days after the fiscal year. It would also be entered as revenue control of $90,000.

You might be interested in
Describe the branding strategies used by Hormel and how Justin's products fit into the Hormel product line.
Roman55 [17]

The branding Strategy that was used by Hormel is known as the multi product branding.

<h3>What is branding?</h3>

It should be noted that branding simply means the process of creating a strong, positive perception of a company.

In this case, the branding srategy that was used by Hormel is known as the multi product branding.

Learn more about branding on:

brainly.com/question/1234049

5 0
2 years ago
Douglas Industries produced 5,500 units of product that required 2.5 standard hours per unit. The standard fixed overhead cost p
taurus [48]

Answer:

$550 favorable

Explanation:

Douglas industries was involved in the manufacturing of 5,500 units of a product which required 2.5 standard hours per unit.

The standard fixed overhead cost per unit is $2.20 for each hour at 13,500 hours

Therefore, the fixed factory overhead volume variance can be calculated as follows

= (13,500-(5,500×2.5hours)×$2.20

= (13,500-13,750)×$2.20

= -250 × $2.20

= -$550

= $550 favorable

Hence the fixed factory overhead volume variance is $550 favorable

3 0
4 years ago
Explain how a factory assembly line is an example of specialization?
s344n2d4d5 [400]

Answer:It is

Explanation: because the line is divided in different sector. Each sector has specific operations, using specific tools and specific process. Each operation or group of operations must be done by employees or workers. Those worker also required specialized training.

3 0
3 years ago
A firm that produces bluetooth speakers collected the following data to determine their possible profits. What profit will bluet
Lostsunrise [7]

The profit will Bluetooth speaker sales bring this firm when it sells at the profit-maximizing level of output is $975

Profit-maximizing level

In economics, profit maximizing level of output means where its marginal cost (MC) just equals the product price and where marginal cost is increasing; that is, the MC curve is sloping upward.

Given

A firm that produces Bluetooth speakers collected the following data to determine their possible profits.

Here we need to find the profit will Bluetooth speaker sales bring this firm when it sells at the profit-maximizing level of output.

In order to find the profit-maximizing level of output for the Bluetooth, we have to subtract the maximum price by the minimum price.

For example let us consider $1000 be the maximum price of the Bluetooth and $25 is minimum price of the Bluetooth,

Then the profit-maximizing level of output is calculated as,

=> 1000 - 25

=> 975.

To know more about profit-maximizing level here.

brainly.com/question/14011960

#SPJ4

4 0
1 year ago
Despite differences arising from environmental variation, all foraging economies have shared one essential feature:
Vilka [71]

Answer:

Letter E is correct. <u>Their reliance on available natural resources for their subsistence, rather than controlling the reproduction of plants and animals.</u>

Explanation:

The use of natural resources is common and essential to all foraging economies, whose fundamental principle is to produce for their own consumption. These are economies that depend on hunting, gathering or fishing to survive.

However, there is no systematization of economic processes nor the use of socio-structural variables and policies that help these subsistence economies to gain a new perspective on the control and functioning of the economy, which can help in the processes and optimization of the utilization of natural resources.

8 0
3 years ago
Other questions:
  • Phillips Equipment has 75,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.5 per
    6·1 answer
  • Glacier Corporation discovered these errors in August of Year 3: Depreciation Overstated $2,500 4,000 Prepaid Expense Omitted $3
    12·1 answer
  • Blue Ridge Bank has a PM of 12 percent, an interest income to total assets ratio of 6.00 percent, and a noninterest income to as
    6·1 answer
  • Pare Company reported a net loss of $30,000 for the year ended December 31, 2014. During the year, accounts receivable decreased
    9·1 answer
  • The business activities of Firm A confer positive externalities on Firm B, and the business activities of Firm B confer positive
    6·1 answer
  • Explain how this external force is currently influencing the internal functional area(s) of the organization. For example, expla
    8·1 answer
  • Marc agrees to sell Diana 500 copies of a book for $3.50 per book. Marc breaches the contract by not delivering the books. At th
    9·1 answer
  • Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing trans
    10·1 answer
  • Why do many companies find that providing employees a comprehensive benefits package that includes insurance, retirement investm
    8·1 answer
  • the growth in dividends of abc, inc. is expected to be 15% per year for the next three years, followed by a growth rate of 8% pe
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!