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The correct answer is D. All of the above organizations provide these services.
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Answer:
$ 40,000
Explanation:
profits are obatined by substracting toatl expenses from total revenues.
i.e profits= Total revenue - total costs
in this case: cost of production = $ 10,000.00
selling price = $ 50,000.00
profits= $50,000-$ 10,000= $ 40,000
Answer:
Explanation:
Palmer Music manufactures and sells MP3 players and sound systems that include a 180-day warranty on product defects. The company also sells 2-year extended warranties. On May 10, Palmer sold a sound system for $3,850 and an extended warranty for another $1,200.
What would be included in the journal entry to record this transaction is
Dr. Cash (3850+1200)...........5,050
Cr. Sales..............................................3,850
Cr. Prepaid Income (Warranty).......1,200
The warranty amount will not be included in the sale amount because it has not been earned, it will only be earned after the expiration of the warranty period.
Answer:
B) –2%
Explanation:
The total return on an investment is calculated by,
Total Return = Capital gains ÷ Initial Investment x 100
First we will have to calculate capital gains of his investment,
He got 600 in dividends and 4,300 after selling the stock against the initial investment of $5,000.
So capital gains,
= 600 + 4,300 - 5,000
= -100
Total Return would be,
= -100 / 5,000 x 100
= -2% is the total return on his investment.
When the interest payment dates of a bond are may 1 and november 1, and a bond issue is sold on june 1, the amount of cash received by the issuer will be " increased by accrued interest from May 1 to June 1."
<h3>What are bonds?</h3>
A bond is a kind of debt commitment instrument in which an investor loaned money to a company for a set period of time at a predefined interest rate.
- Bonds are typically used to fund large-scale projects that require a large sum of money.
- Corporations issue bonds on occasion during paying interest periods.
- In this case, the bond issue price includes the accumulated interest from last interest payable date to a bond purchase date.
- The increase in the issuer's return is the same as the interest earned through May 1 and June 1.
As a result, the amount of cash obtained by the issuer from May 1 to June 1 would be increased by accrued interest.
To know more about the bonds, here
brainly.com/question/25965295
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