Answer:
condenced income statement
net sales 4699520
cost of sales (3097360)
opening stock 599200
purchase 3120320
returns ( 16800 )
frieght in 80640
closing stock (686000)
gross profit 1602160
other incomes 299040
purchase discount 30240
rent income 268800
expenses (1092448
)
office salary 387520
sales salary 31808
sales discount 38080
commission 92960
selling costs 77280
telephone costs 19040
accounting service 36960
utility costs 35840
insurance 26880
mascellaneous 8960
advertising 60480
delivery costs 104160
casuality loss 78400
depreciation-office 53760
depreciation-sales 40320
operating profit 808752
interest expense 197120 ( 197120
)
profit before tax 611632
tax expense (122326.4)
profit after tax <u>489305.6</u>
Explanation:
To get the net sales we take sales and minus sales return. The unearned sales are not to be recorded until they are earned and its performance obligation is satisfied. The balance sheet items such as common stock, cash do not belong in the statement of comprehensive incomes. T o calculate tax expense we take profit before tax and multiply by the tax rate.
Practice working with others even if you don't fell comfortable with this person, or necessarily like them at all.
Answer:
B. Notes Receivable.
Explanation:
Since the company is signed an agreement for lending out of its customers for $200,000 that could be repaid in one year at 5% interest so it is not revenue not note payable and also not account receivable
Therefore it is a note receivable
Hence, the option b is correct
and, the same is to be considered and relevant
Answer:
Americans piled into the metal as protection from the collapsing value of the dollar. But since the 1970s, the government has enacted a series of laws that have made owning gold more difficult, more costly, and less private.
Explanation:
:D
Answer:
The correct answer to the following question is negligent hiring .
Explanation:
Negligent claim can be defined as a legal claim made by an individual ( who can be an employee or customer ) against the employer, because the individual has been injured by the employee who has a history of doing such incidents with others. This hiring claim ( negligent ) argues that the employer should have know about the history of such employees who are threat to other employees and customers.
