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dezoksy [38]
3 years ago
14

Mockingbird Company expects to sell 5,200 bird perches in January and 9,500 in February for $3 each. What will be the total sale

s revenue reflected in the sales budget for those months? Group of answer choices January $1,733; February $3,167 January $15,600; February $28,500 January $28,500; February $15,600 January $3,167; February $1,733 Previous
Business
1 answer:
Genrish500 [490]3 years ago
8 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Mockingbird Company expects to sell 5,200 bird perches in January and 9,500 in February for $3 each.

January:

Sales= 5,200*3= $15,600

February:

Sales= 9,500*3= $28,500

The correct answer is Option B.

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Nadya [2.5K]

Answer:

By having a ling term relationship with the supplier has good and bad effects on buying behavior. I say this because it is a mass struggle for up in coming business entrepreneurs to be able to build long term supplier relationships which makes a lot of businesses end up failing. On the other hand for business that are already pretty established this is a benefit because they do not have to sorry about the suppliers side of bailing out and costing the business a lot of money.

Explanation:

6 0
3 years ago
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Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following:
HACTEHA [7]

Answer:

             Statement of retained earnings

                   For the year ended 2017

Retained earnings, January 1, 2017              $0

Add: Net Income                                         $54,000  

Less: Dividends                                           $<u>22,000</u>

Retained earnings, December 31, 2017   <u>$32,000</u>

            Statement of retained earnings

                  For the year ended 2018

Retained earnings, January 1, 2018             $0

Add: Net Income                                          $59,000

Less: Dividends                                            <u>$34,000</u>

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7 0
3 years ago
On April 1, 2021, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which i
Allushta [10]

Answer:

$10,500 loss

Explanation:

The computation of the net income affected is shown below:

Since Big Ben purchased shares of  Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months  i.e from April 1 to December 31

Now the Earnings from Little Trick is

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So, the loss is

= $15,000 - $4,500

= $10,500

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3 years ago
For purposes of allocating joint costs to joint products, the estimated net realizable value at split-off is equal to A. final s
Marta_Voda [28]

Answer:

A. Final sales price reduced by cost to complete after split-off.

Explanation:

Net realizable value (NRV) is explained here to be the value of an asset that can be realized upon the sale of the asset, less a reasonable estimate of the costs associated with the eventual sale or disposal of the asset. It is a common method used to evaluate an asset's value for inventory accounting. NRV is a valuation method used in both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Many business transactions allow for judgment or discretion when choosing an accounting method.

A conservative approach means that the accountant should use the accounting method that generates less profit and does not overstate the value of assets.

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3 years ago
1.1  Basic terminologies in agricultural accounting 1.2   Recognition and measurement of agricultural produces 1.3   Reporting a
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