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
Ghella [55]
3 years ago
12

The accounting procedures for sole proprietorships are the same as for partnerships except

Business
2 answers:
Serhud [2]3 years ago
8 0
The answer is C for  the revenue section according to the lesson text.
Kryger [21]3 years ago
4 0
I think the answer would be D.
You might be interested in
Flambe Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning
Alona [7]

Answer:

$38.45

Explanation:

The computation of the predetermined overhead rate is shown below:

= Estimated variable manufacturing overhead per machine hour + estimated fixed manufacturing overhead per machine hour

where,

Estimated variable manufacturing overhead = $10.75

Estimated fixed manufacturing overhead is

= $648,180 ÷ 23,400 machine hours

= $27.70

So, the predetermined overhead rate is $38.45

6 0
3 years ago
Lisa and mandy have a contract. mandy wants out of the contract; carla sue is willing to take mandyís place, which is satisfacto
worty [1.4K]
<span>This is a novation. In this case, Mandy is being replaced in her obligation with Carla Sue. The obligations that were present in the first contract will now all transfer to Carla Sue. The difference between a novation and an assignment is that all parties have to be aware of the transfer and have agreed to it beforehand.</span>
3 0
3 years ago
M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of
Zina [86]

Answer:

Explanation:

M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

7 0
3 years ago
All of the following are business-level cooperative strategic alliances EXCEPT: a. competition response strategic alliances. b.
wel

<u>Answer:</u>

All of the following are business-level cooperative strategic alliances EXCEPT D) Synergistic strategic alliances.

<u>Explanation:</u>

Business-level Cooperative strategies are used by the firms when they want to grow and improve the performance in the market of individual products. All this is achieved through various strategic alliances: Complementary Strategic Alliance, Competition-response, Uncertainty-reducing, and Competition-reducing strategic alliance. These alliances help overcome various problems of a business in the corporate world.

After listing all these strategies, it is clear that a Synergistic strategic alliance is not a part of business-level cooperative strategic alliances which means that option D is the correct choice.

Synergistic strategic alliance is a kind of agreement among business entities where they can work together to increase their overall output.

6 0
3 years ago
The most effective means of increasing productivity and overcoming economic crisis in the Late Middle Ages came from Select one:
Natalka [10]

Answer:

c. technological advances

Explanation:

The most effective means of increasing productivity and overcoming economic crisis in the Late Middle Ages came from increasing the efficiency of workers and providing workers with better tools

6 0
3 years ago
Other questions:
  • When a company is using the direct​ write-off method, and an account is written​ off, the journal entry consists of a​ ________.
    8·1 answer
  • Speedy Print Shop bought a new photocopier to offer customers the opportunity to make high-quality copies out of their digital p
    10·1 answer
  • In 2019, Vaughn sold 1000 units at $500 each, and earned net income of $40000. Variable expenses were $300 per unit, and fixed e
    8·1 answer
  • George wants to collect funds to open his own bakery from his family. He needs an accurate estimate of how much money he would r
    7·1 answer
  • Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
    7·1 answer
  • Choose the correct statement about audits of corporations:
    9·1 answer
  • Office Depot has instituted the Office Depot Advantage, a program in which a customer who spends a minimum of $200 up to $299 in
    10·1 answer
  • Perion Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc
    12·1 answer
  • Bryant leased equipment that had a retail cash selling price of $750,000 and a useful life of six years with no residual value.
    9·1 answer
  • How would non repayment of loan affect the economy of the country?​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!