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Natasha_Volkova [10]
3 years ago
12

Suppose that people in your community voted to eliminate all local taxes

Business
1 answer:
Amanda [17]3 years ago
8 0

Neighborhood trash pickups would most likely disappear.

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zheka24 [161]

Hello! Your answer would be C. Facilitated the buying and selling of foreign currencies. I just learned about it.

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3 years ago
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The Lowery Co. uses the direct write-off method of accounting for uncollectible accounts receivable. Lowery has a customer whose
olchik [2.2K]

Answer:

Debit Bad Debt Expense; Credit Accounts Receivable

Explanation:

Bad debts expense is related to a company's current asset accounts receivable. Bad debts expense is also referred to as uncollectible accounts expense or doubtful accounts expense.

When a cash payment is received from the debtor, cash is increased and the accounts receivable is decreased. When recording the transaction, cash is debited, and accounts receivable are credited.

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3 years ago
The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

4 0
3 years ago
For a more high pressure situation, what style of management is best to support your groupImmersive Reader
kondaur [170]

Answer:

b i think it is the best answer

5 0
3 years ago
A _____ is a document that outlines specific information about your proposed business, including product, location, and marketin
grandymaker [24]

Well it is not letting me answer this without putting 20 characters so this is my answer <em><u>B</u></em>

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