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storchak [24]
3 years ago
5

If a company has total revenues of $100,000, sales discounts of $3,000, sales returns of $4,000, and sales allowances of $2,000,

the income statement will report net revenues of $91,000.
A) True
B) False
Business
1 answer:
pochemuha3 years ago
8 0

Answer:

A) True

Explanation:

The net revenues of any company is calculated using the following formula:

Net revenues=Gross revenues-sales discount-sales returns-allowances

                      =$100,000-$3,000-$4,000-$2,000

                      =$91,000

Based on the above discussion, the answer is A) True                            

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Answer:

Our P = 17540 $

Explanation:

Amount of Insurance Policy = 50000$

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Net Premium for the policy = 900$

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Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$

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6 0
3 years ago
When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici
Inga [223]

Answer:

d. 0; unrelated.

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In this question, the cross elasticity is zero because biro and pencil are not related.

3 0
3 years ago
Skysong, Inc. reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 250 $5 $ 1,250 12 Purchas
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Answer:

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The explanation is completed using calculation below:

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5 0
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zubka84 [21]

Answer:

The correct answer is <em>The site will have all of the company’s applications.</em>

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