Answer:
The adjustment balance will be of 18,000
Explanation:
We should build Accounts Receivables T-account to get the adjusted balance:
Accounts Receivables
<u>DEBIT CREDIT</u>
15,000 UNADJUSTMENT
<u> 3,000 ADJUSTMENT</u>
18,000 ADJUSTED BALANCE**
**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000
Answer:
Gross Profit
Explanation:
Gross Profit is defined as the amount earned by the company, after deducting the cost of producing and selling the products in case of a manufacturing business, or the cost of providing services to customers in case of service oriented business. Therefore, the difference between sales revenue and the cost of goods sold is called Gross Profit.
Sales Revenue - Cost of Goods Sold = Gross Profit
$100 - $ 40 = $60
Answer: Corporate responsibility report.
Explanation: In simple words, it refers to the written document that is issued by the organisations with the intent of sharing the actions that they have taken to fulfill their corporate social responsibility.
The organisation have legal bounding to work for the betterment of society and also it increases the positive image of that organisation in the eyes of customers.
Hence this report is published by the organisations for fulfilling these objectives,.
