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3 years ago

Gross profit is calculated as the difference between net sales revenue and ________.

1 answer:

6 0

Gross profit is calculated as the difference between net sales revenue and ________. Ask for details Follow Report by Ja7danie0laas Yesterday

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The entries for the debit account titles in the "Account Title" column are written

Mice21 [21]

The correct answer is A. about one-half inch away from the left side. This is the format followed in listing down entries of account titles for better readability. This is one way of highlighting the account title column and give emphasis on the accounts falling under the debit category.

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3 years ago

Will mark brainliest please help!!!

tino4ka555 [31]

Answer:Dressing in the proper apparel for an interview indicates that you are critical approximately the job, respectful of the interviewer's time, and are actually interested by the position. It additionally demonstrates an knowledge of the company culture, and showcases you as a person who might suit without difficulty into the place of business dynamic.

Explanation:

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2 years ago

AG Inc. made a $85,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to record sales

neonofarm [45]

Answer:

$84,150

Explanation:

Given that

Sale amount = $85,000

Terms = 1% discount is given it payment is made within 15 days and the total credit period allowed is 30 days

The computation of the amount of account receivable that should be recorded is shown below:

= Sale amount - sale amount × discount rate given

= $85,000 - $85,000 × 1%

= $85,000 - $850

= $84,150

Simply we deduct the discount period from the sales amount so that the accurate value could come

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2 years ago

Determine the adjusted basis of each of the following assets:

Andru [333]

Answer and Explanation:

The computation is shown below:

75% 25% 100%

Particulars Business Use Personal Use Total

Initial Basis $22,500 $7,500 $30,000

Less: Depreciation -$4,209 0 -$4,209

Adjusted Basis $18,291 $7,500 $25,791

Particulars Building Land Land Improvements

Original Cost $250,000 $80,000

Remodeling cost $8,000

Parking lot and sidewalks $12,000

Depreciation -$70,620 -$1,000

Adjusted basis $187,380 $80,000 $110,000

We simply classify the cost to each type of asset which is shown above

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2 years ago

If the variable overhead efficiency variance is $500 unfavorable and the variable overhead spending variance is $100 favorable,

Vera_Pavlovna [14]

Answer:

a. Debit to variable overhead efficiency variance

d. Credit to variable overhead spending varian

Explanation:

Based on the information given in a situation where a variable overhead efficiency variance is UNFAVORABLE it will be DEBITED and variable overhead spending variance that is FAVOURABLE will be CREDITED.

Therefore the journal entry will include a:

a. Debit to variable overhead efficiency variance

d. Credit to variable overhead spending Variance

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2 years ago

Gross profit is calculated as the difference between net sales revenue and​ ________.

Gross profit is calculated as the difference between net sales revenue and ________.