Answer:
Net sales revenue= 220,100
Explanation:
Giving the following information:
Sales, gross $ 245,000
Sales returns and allowances $ 20,000
Sales discounts 4,900
Sales salaries expense 10,900
<u>Sales salaries expense is not a part of the net sales in a multiple-step income statement. The net sales are as follow:</u>
Sales= 245,000
Sales returns and allowances= (20,000)
Sales discounts= (4,900)
Net sales revenue= 220,100
Answer:
The month of April
Explanation:
Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm prepares monthly financial statements, the law firm should recognize the revenue in April because according to revenue recognition principle, revenue should be recognized in the accounting period in which services are performed, and Susan zupan performed the work in April so therefore the firm should recognize the revenue in April.
Answer:
<em>From the example given,the 4 answer s to the question consist of both the demand and supply side, demand side, supply side.</em>
<em>It is explained better in the explanation box below.</em>
Explanation:
<em>Solution to the question</em>
<em> </em><em>Categories</em><em> </em><em>Demand side</em><em> </em><em> Supply side </em><em> </em><em>Both</em>
<em>(1)Increasing spending on ‘Shovel ready”’ projects is on </em><em>Demand Side</em>
(2)Lowering income tax rates at all income level is Both
<em>(3)Research grant for a corporation developing new technologies is on </em><em>Supply side</em>
(4)Stimulus packages for firms that are too big to fail is on Demand Side
(5) Government funded scholarship for college students: is on Supply Side
Answer: decrease tax revenue
Explanation:
A trade deficit occurs when the import of a country's is more than the export of the country for a given period of time period. The main cause is when there's an imbalance between the savings of a country and the investment rates.
In this case, financing the deficit will lead to the reduction in the tax revenue. When part of the tax revenue gotten from economic agents are used in the finance of the deficit, there'll be a reduction in the tax revenue.
