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
nadya68 [22]
3 years ago
5

In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of

the following:Sales $250,000Purchase discounts 3,000Recovery ofaccounts written off 10,000Total revenues $263,000In its Year 2 single-step income statement, what amount should Dart report as total revenues?A. $253,000B. $250,000C. $263,000D. $260,000
Business
1 answer:
Amanda [17]3 years ago
8 0

Answer:

  • what amount should Dart report as total revenues?

B. $250,000

Explanation:

The option B is the answer because the others option are not part of revenues during the year to the single step income.

The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.

Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.

You might be interested in
A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of th
Oksana_A [137]
Hhsnnendnensnjsjjwjene
8 0
3 years ago
The licensing standard for the staff/child ratio in a classroom of three-year-olds is 1:10. You have 22 three-year-olds in your
azamat
B. 3

You can find the answer by dividing 22 (number of children) by 10 (number of childer per person of staff). 22÷10=2.2
So, in order to have the licensing standard, you'd have to have 2.2 people. As people are treated as whole numbers you should always round up as by rounding down you'd not be licensed. so, you need 3 staff members for the 22 children. Now that you have the number of staff members that are needed you can divide 22 (number of children) by 3 (number of staff members needed), and this will give you the staff/child ratio for the centre when there are 22 children. 22÷3=7.3 → 1:7.3
5 0
4 years ago
Read 2 more answers
The lack of competition within a monopoly means that
makkiz [27]
It means that the goods and services are offered are lacking in vitality, force or conviction

hope i helped:)
3 0
3 years ago
Financial markets a. facilitate the flow of funds from surplus to deficit units. b. facilitate the flow of funds from deficit to
Alex Ar [27]

Answer: Option C

     

Explanation: In simple words, financial markets refers to the market of stock, bonds and equities like securities in which the participant trade for the low transaction cost and easy availability of sellers and purchasers. Stock market is an example of financial markets.

The flow of funds from surplus to deficit is done by other financial institutions such as banks.

Hence the correct option is C.

3 0
4 years ago
The economic term for the want-satisfying ability, or value, that organizations add to goods or services is
Lana71 [14]

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

<h3>What is utility?</h3>

Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.

It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.

Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

Learn more about utility here : brainly.com/question/24848038

4 0
2 years ago
Other questions:
  • For an oil and gas limited partnership (LP), allowances in the form of deductions are allowed by the IRS to be taken to compensa
    11·1 answer
  • In the _____ marketplace model, ec technology is used to streamline the purchasing process in order to reduce the cost of items
    9·1 answer
  • Lois walked into ABC Company to pick up an application for a secretarial job. When she asked about the duties and working condit
    7·1 answer
  • Which of the following would be a reasonable basis for assigning the materials handling costs to the units produced in activity-
    15·1 answer
  • George's Equipment is planning on merging with Nelson Machinery. George's will pay Nelson's shareholders the current value of th
    9·1 answer
  • In case you have to complete an application on site, you want to make sure you have your completed Personal Fact Sheet.
    12·2 answers
  • First Class, Inc., expects to sell 28,000 pool cues for $14 each. Direct materials costs are $3, direct manufacturing labor is $
    7·1 answer
  • Can anyone help im stuck on this question
    13·2 answers
  • Martha is saving money to move to a new city in 18 months. This is an example of a _____ goal.
    13·2 answers
  • 7.When Molly adds all of her payments how much will the car cost her using this plan
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!