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Serhud [2]
3 years ago
12

In Baer Food Co.’s Year 3 single-step income statement, the section titled Revenues consisted of the following: Net sales revenu

e $187,000 Discontinued operations: Income from operations of component unit (including gain on disposal of $21,600) 18,000 Income tax (6,000) Interest revenue 10,200 Gain on sale of equipment 4,700 Total revenues $213,900 In the revenues section of the Year 3 income statement, Baer Food should have reported total revenues of
Business
1 answer:
nikitadnepr [17]3 years ago
7 0

Answer:

Total revenue will be equal to $201900

Explanation:

We have given net sales revenue = $187000

Interest revenue = $10200

Gain on sale equipment = $4700

We have to find the to total revenue

Total revenue is given by

Total revenue = net sales revenue + interest revenue + gain on sdale equipment = $187000+$10200+$4700 = $201900

So total revenue will be equal to $201900

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Driving consists of a <u>"decision making" </u>process that is used hundreds of times per mile traveled .


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These decisions turn out to be second nature as an individual has all the more driving background.  

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What steps should e taken if the results do not support the hypothesis?
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More information please
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2 years ago
Suppose three companies, Optimax, Megachug, and Thirstoid, dominate the sports drink market. Optimax enjoys the largest market s
mario62 [17]

Answer:

Non-price competition

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Optimax is trying to increase its market share by changing the container for its product. This is non price competition.

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I hope my answer helps you

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3 years ago
Please describe an effective leadership style
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8 0
2 years ago
Monitor Muffler sells franchise arrangements throughout the United States and Canada. Under a franchise agreement, Monitor recei
Sliva [168]

Answer:

1. $163,800

2. Dr Cash $ 89,000

Dr Notes receivable $ 671,000

Cr Deferred revenue $ 760,000

3. $ 607,120

Explanation:

1. Computation of the amount that Monitor would calculate as the stand-alone selling price

Total amount of franchise agreement $760,000

Less: stand-alone selling price of training $ (18,200)

Less: stand-alone selling price of building and equip $ (578,000)

Stand-alone selling price of five-year right $163,800

2. Preparation of journal entry that Monitor would record on July 1, 2016,

Dr Cash $ 89,000

Dr Notes receivable $ 671,000

(760,000-89,000)

Cr Deferred revenue $ 760,000

3. Calculation for the amount of revenue that Monitor would recognize in the year ended December 31, 2016,

Revenue to be recognised on:

1st Sep 2021:

Training $ 18,200

Building and Equipment sale $ 578,000

31st Dec 2021:

$163,800/60 Months*4 Months $ 10,920

Total Revenue to be recognized $ 607,120

Note that five-year will give us 60 months (5*12months and September to December will give us 4 months

6 0
2 years ago
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