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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.

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Answer:

Payback period = 3.5 years

Explanation:

Net income                           $50,000.00

Add: Depreciation expense<u> $42,000.00</u>

Net annual cash inflow     <u>  $92,000.00</u>

Payback period = Initial investment / Annual cash inflows

= $324,000 / $92,000

= 3.5 years

5 0
3 years ago
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its the last one i think

Explanation:

6 0
3 years ago
Sment
nexus9112 [7]

Roads, schools, and

emergency services are funded by the government through the taxes.

Explanation:

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4 0
3 years ago
High quality goods and services are made available to consumers because of producers __________.
trapecia [35]

Answer:

b. Would like to compete

d. specilize in production

Explanation:

Competition is when businesses selling similar products, in the same market, try to outsell each other through winning more customers.  When businesses compete, consumers benefit through fair prices and higher quality goods. Competing businesses innovate and create products with a high utility value to attract more customers. As a result, they offer customers products and services of high quality.

A business that engages in a specialization produces fewer varieties of products.  It focuses on manufacturing goods and services that it has a comparative advantage. Due to specialization, the firm and its employees become experts in producing its products of choice. Consequently, it offers goods and services that are of a higher quality than a business that does not specialize.

4 0
3 years ago
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Dima020 [189]

<u>Answer:</u>

bulk

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The Tomatoes are produced in a bulk and the canned products are sent out in batches but the process of moving tomatoes from receiving through packaging and processing is done on a conveyor belt which is a continuous process.

Therefore, the production of tomatoes in a bulk is a continuous process which goes on around the clock on a conveyor belt and the final products are sent out in batches which have their own unique identity number.

4 0
3 years ago
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