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JulijaS [17]
3 years ago
15

Fire hazards associated with painting can be reduced by

Business
1 answer:
MrRissso [65]3 years ago
7 0

Keeping the paint away from an open flame.


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Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2017. The sales price includes an insta
Shkiper50 [21]

Answer:

The revenue from sales to be recognized by Shaw is $390,000

Explanation:

A) Journal entry to record the sale on January 2, 2017

Date                               Particulars                      Debit        Credit

January 2, 2014      Accounts Receivable         $410,000

                                Sales Revenue                                      $370,000

                                 Unearned Service Rev                         $40,000

Being the recording of sales and unearned service revenue

                                Cost of Goods Sold            $300,000

                                 Inventory of Merchandise                       $300,000

B) Shaw should recognise the following Revenue from Sales to Ricard

Sales Revenue                                                        $370,000

Service Revenue (3/6 x $40,000)                            <u>$20,000</u>

Due to the fact that accounts end March 31st,       $390,000

2017, only 3 months will be accounted for under

service revenue for the year

Therefor the revenue from sales to be recognized by Shaw is $390,000

5 0
3 years ago
On March 1, 2019, Baltimore Corporation had 65,000 shares of common stock outstanding with a par value of $5 per share. On March
andreyandreev [35.5K]

Answer:

retained earnings 175,500

      common stock               48,750

      paid in excess of par   126,750

Explanation:

The diivdends are 15% so we multiply this by the shares outstanding to know the amount of shares:

65,000 x 15% = 9,750 shares

Then we multiply by the market value to know the amount needed:

9,750 x $18 market value = $175,500 stock dividends

The common stock will be 9,750 at par

and the remainder will be paid in excess.

9,750 x 5 = 48,750 CS

175,500 - 48,750 = 126,750

7 0
3 years ago
Tips are considered _____.<br> dividends<br> taxable income<br> gains<br> a bonus
adoni [48]
Tips are considered <u>taxable income.
</u>Although they are a bonus that you get from your customers, on top of your paycheck, you still have to pay a tax on your tips given that in America, tips are considered to be a type of income. You'd get a dividend from a company, not from customers. Gain is just another word for profit. <u>
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3 0
3 years ago
Read 2 more answers
How do you register partnerships firm in Nepal?​
koban [17]

<em><u>answer</u></em>

Procedure for Registering a Partnership Firm

Step 1: Application for Registration. An application form has to be filed to the Registrar of Firms of the State in which the firm is situated along with prescribed fees. ...

Step 2: Selection of Name of the Partnership Firm. ...

Step 3: Certificate of Registration

6 0
3 years ago
Read 2 more answers
Abby is so satisfied with her green grocer that she refers her friends and colleagues, providing a(n _______ benefit of maintain
Vesnalui [34]
The most appropriate answer is d. marketing. By developing and maintaining good relationships with customers, businesses can benefit by getting 'free' marketing or advertising. Real customers who are satisfied with a particular product or service are better able to convince potential customers. Businesses benefit in this way by improving the visibility of their brand.  
5 0
3 years ago
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