Answer:
$1,160,000.00
Explanation:
The amount of cash received during the year is the total sales revenue minus the increase in accounts receivable which is the credit sales upon which payment was not received as well as the decrease in unearned sales revenue which is the sales revenue recorded in the year but its cash was received in the prior year.
Amount of cash received during the year=$1,200,000-$25,000-$15,000=
$ 1,160,000.00
The decrease in unearned sales revenue would a debit to unearned sales revenue and a credit to sales revenue, hence it has increased sales revenue
I believe that would be Personal Credit. Your contract is written between you and the store or chain. Consumer credit is generally a reference to a national economic measurement.
Answer:
b. $100,000
Explanation:
Based on the information given , the FIRST'S CONTRIBUTION TO CONSOLIDATED NET INCOME for 20X9 will be NET INCOME amount of $100,000 because During the year 20X9, the company reported NET INCOME of $100,000 in which they paid no dividends.
Therefore First's contribution to consolidated net income for 20X9 is $100,000
<span>The correct answer is
False</span>
Explicit collusions are
not legal because they lead to cartel like behavior. This is because they
involve a situation where a small group of oligopolists recognize their mutual interdependence
and act to coordinate their behavior in the form of a cartel
