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Nadusha1986 [10]
3 years ago
11

The total amount of money that businesses take in by selling goods and services is called ________.

Business
2 answers:
Radda [10]3 years ago
7 0
The answer to your question is Profit! Profit is the amount of money you make minus the cost of the materials!
vagabundo [1.1K]3 years ago
6 0

The total amount of money that businesses take in by selling goods and services is called ________. "PROFIT"?
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Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $8,000 cash. The old machine cost
Tju [1.3M]

Answer:

a. Dr Equipment 68,000

Dr Loss on Exchange 11,000

Dr Accumulated Depreciation 22,000

Cr Equipment 93,000

Cr Cash 8,000

Explanation:

Preparation of the correct journal entry to record the exchange

Based on the information given the correct journal entry to record the exchange will be

Dr Equipment 68,000

(60,000+8,000)

Dr Loss on Exchange 11,000

(71,000-60,000)

Dr Accumulated Depreciation 22,000

(93,000-71,000)

Cr Equipment 93,000

Cr Cash 8,000

(Being to record the exchange)

4 0
3 years ago
Borrowing money to pursue an advanced degree makes sense if _____. a. you can earn a scholarship to pay for your educational cos
ki77a [65]

Answer

Option c is CORRECT answer

Explanation:

Borrowing money to pursue an advanced degree makes sense if You already have the financing to pay out of pocket.

3 0
2 years ago
I need help on number 8 9 and 10 please help
elena55 [62]

Answer:

8. The opportunity cost is c. wearing the shoes

9. To gain the most satisfaction possible

10. A new toy is less exciting to a child with many toys

Explanation:

3 0
2 years ago
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in thousands) 2021 2022 2
SVETLANKA909090 [29]

Answer: Unearned subscription revenue.

Explanation:

Tax is made on a cash basis which means that a transaction is eligible for taxation once cash has been paid for it. Businesses however have to use the Accrual basis which only record transactions in the period that they have been incurred.

In this scenario, there is more subscription payment in cash than the company recognized which means that the company has not yet delivered the service they were paid for and so could not recognize the subscriptions. They will however be taxed on those amounts because the cash has come in.

The account giving this temporary difference is therefore the Unearned Subscription Revenue account.

8 0
2 years ago
Jessica is a U.S. Army Reservist and in 2019 traveled 130 miles each way to serve duty at a local military installation. She was
faust18 [17]

Answer:

Jessica's for AGI deduction for these costs is:

b. $14.00.

Explanation:

The aggregate gross income (AGI) can be defined as the total amount of income that an individual earns and is used in calculating the amount of income tax that an individual is liable to pay. The AGI can be expressed as follows;

AGI=T×N×W

where;

AGI=aggregate gross income

T=toll amount per way

N=number of times she reported

W=number of way

In our case;

AGI=unknown, to be determined

T=$1.75

N=4

W=2

Replacing;

AGI=(1.75×4×2)=$14.00

Jessica's for AGI deduction for these costs is:

b. $14.00.

4 0
2 years ago
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