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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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Estes Park, Inc., has declared a dividend of $6.20 per share. Suppose capital gains are not taxed, but dividends are taxed at 30
pickupchik [31]

Answer:

the ex-dividend price is $108.66

Explanation:

The computation of the ex-dividend price is shown below:

The Aftertax dividend is

= Dividend × (1 - tax rate)

= $6.20 (1 - 0.30)

= $4.34

Now the exdividend price is

= Selling price of a share - after tax dividend

= $113 - $4.34

= $108.66

hence, the ex-dividend price is $108.66

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

5 0
3 years ago
Benefits are offered by employers to attract good employees
Troyanec [42]

Answer:

its true :))

Explanation:

4 0
3 years ago
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In the early 1800s, the fishing industries in america experienced an economic boom as a result of the settlement of which lands?
grandymaker [24]
In<span> the early 1800s, the fishing industries in </span>America<span> experienced an economic boom as a result of the settlement of the French. They boosted the fishing lines by innovating something new and introducing the dories, small fishing boats. In here, they have anchored the long lines in the shore while the short lines will be attached by a hook that would increase their catch.</span>
8 0
4 years ago
suppose that the equilibrium orice of t-shirts increases and the equilibrium quanitiy of t-shorts decreases. this is best explai
Len [333]

Answer: Supply of T-shirts decreasing

Explanation:

If the supply of T-shirts decreases, the equilibrium quantity of t-shirts being supplied to the market will decrease as well. Assuming that demand stays the same, the leftward shift of the supply curve will intersect with the demand curve at a higher equilibrium price.

This is simply because as the t-shirts are in short supply, people will be willing to pay more to have them as they are not as widespread as before.

7 0
3 years ago
Suppose the working-age population of a fictional economy falls into the following categories:
aniked [119]

Answer:

The right solution is:

(a) 120

(b) 20%

Explanation:

Given that,

Full time employed,

= 75

Part time employed,

= 25

Total unemployed,

= 20

(a)

The total employed will be:

= Full \ time + Part \ time

= 75+25

= 100

Now,

Labor force will be:

= Total \ employed+Total \ unemployed

= 100+20

= 120

(b)

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= \frac{Total \ unemployment}{Labor \ force}\times 100

= \frac{20}{100}\times  100

= 0.2\times 100

= 20 (%)

6 0
3 years ago
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