1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
navik [9.2K]
3 years ago
6

Mel operates a video game store. His records indicate that he had sales of $78,000. Customers returned $1,500 worth of video gam

es because of various defects. His cost of goods sold was $19,000. What is Mel's Schedule C gross income?A. $78,000B. $76,500C. $59,000D. $57,500
Business
1 answer:
Kamila [148]3 years ago
7 0

Answer:

D. $57,500

Explanation:

Gross income = sales - (goods returned + cost of goods sold) = $78,000 - ($1,500 + $19,000) = $78,000 - $20,500 = $57,500

You might be interested in
Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year?
erastovalidia [21]

Deffered Revenues, will not increase or decrease the fund balance of general fund during the fiscal year, as it is revenue which has not been earned yet, and cannot be shown as incomes in the Income statement, thus it is a liability which will be due if the service is not complete.

Other financing sources may increase or reduce the fund depending upon what kind of finance has been provided.

8 0
3 years ago
Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses a job-order costi
iren2701 [21]

Answer:

<u>a. $2,673 over applied</u>

Explanation:

a. Remember, it was mentioned that the company's predetermined overhead rate is $81 per hour of bandsaw use, although the actual hours of bandsaw use 153.

Calculating the results we have $2,673 over applied (actual value= $81*153-$15,066).

b. In preparing an income statement all underapplied overhead would be recorded as a prepaid expense on the balance sheet and then corrected through increasing cost of goods sold at the end of the time period.

6 0
3 years ago
Organizational structure refers to formalized patterns of interactions linking Tasks, Technologies and Processes
snow_tiger [21]

Answer:

hyyrdchiknfdfjknvffuonfsrhkknvcdjkbvdhnkvcc

8 0
2 years ago
Do you think marketers truly have the power to change the way we think? If so, what are the
EleoNora [17]

Answer:

Yes.

Implication : Manipulate demand and choices

Explanation:

<em>Marketing</em> involves communicating the product to the customers at the right price, to the right people and delivering to the right place.

If one of the 4Ps is marketed well for one product customers will have greater attention of that products against another, thus changing the way we think.

4 0
3 years ago
Orlando has a bank statement balance of $414.25 and $5.90 service charge. His check register shows $374.16 and he has two outsta
laiz [17]

Answer:

$365.93

Explanation:

The computation of the checkbook balance is shown below:

= Balance of bank statement - first outstanding check amount - second outstanding check amount          

= $414.25 - $26.54 - $21.78

= $365.93

In order to determine the check book balance, we deducted the two outstanding checks from the bank statement balance

6 0
3 years ago
Other questions:
  • After several years with the publishing house that Jessica started at after college, she has been promoted to manager of the fic
    11·1 answer
  • The major disadvantage of content analysis as a method is
    13·1 answer
  • the theme song from the movie jaws is an example of using sound for what purpose? dialogue heightening scene’s setting conveying
    5·2 answers
  • What is decomposition?Name two types of decomposers and describe their importance.....​
    6·1 answer
  • Kevin durant vs giannis who winning gets 150m tommrow after the game lol
    15·2 answers
  • Louis Vuitton decides to invest $80,000,000 into a shoe factory in Milan from its money market account. The money market account
    10·1 answer
  • Help plz
    7·2 answers
  • International trade currently involves about ______________ worth of goods and services moving around the globe.
    6·1 answer
  • All along the supply chain, distribution channels add value to the product by
    8·1 answer
  • What is the goal of effective marketing research studies?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!