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Misha Larkins [42]
3 years ago
5

Reliable Enterprises sells distressed merchandise on extended credit terms. Collections on these sales are not reasonably assure

d, and bad debt losses cannot be reasonably predicted. It is unlikely that repossessed merchandise is in condition to be re-sold. Therefore, Reliable uses the cost recovery method. Merchandise costing $29,750 was sold for $57,000 in 2020. Collections on this sale were $19,200 in 2020, $14,300 in 2021, and $23,500 in 2022. In 2021, Reliable would recognize gross profit of:
Business
1 answer:
Mariana [72]3 years ago
3 0

Answer:

$3,750

Explanation:

The computation of reliable gross profit is given below :-

=  Sales of 2020 year + sale of  2021 years - Cost of Merchandise

= $19,200 + $14,300 - $29,750

= $33,500 - $29,750

= $3,750

Since we have to compute the gross profit of 2021 only so we did not take the collection of year 2022

So, the reliability of gross profit is $3,750.

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Explain instances which render leadership unnecessary
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Leadership is not needed when:

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Leadership is usually quite good as it can galvanize subordinates to be better workers due to better organization as well as inspiration.

There are instances where it is not needed however such as when:

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<em>Find out more at brainly.com/question/24150490.</em>

3 0
3 years ago
If a company adds a new product line to its existing​ portfolio, it has increased its___________.
astraxan [27]

Answer: Increased it's product mix width.

Explanation:

The product mix width of a company is the number of product lines a company has for sale in the market.

The product line of a company are individual but related products a company has for sale.

An example of product lines of a company could be a company producing: refrigerators, air conditioners and stabilizers. The company in this example would have a product mix width of three.

8 0
4 years ago
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Answer:

B (They have the tenacity but know when to walk away and move on thr next sales person)

Explanation:

Let's break these.

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B) They know when to stop but are also tenacious. good qualities to have in a salesperson.

C) thats looking at legal trouble, please don't do that

D) thats a ridiculous statement

5 0
3 years ago
Read 2 more answers
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