All categories

3 years ago

Which of these transactions would produce $10,000 of revenue in December? (check all that apply)

Business

2 answers:

Genrish500 [490]3 years ago

5 0

The answer is D. BOC collected $10,000 deposit in December for goods it will ship in January.

svetlana [45]3 years ago

3 0

Answer:

Which of these transactions would produce $10,000 of revenue in December?

BOC collected a $10,000 deposit in December for goods it will ship in January.

Explanation:

From the above analogy, it is only money collected/deposited in December for goods that reflects for revenue generated by BOC in the above mentioned month

You might be interested in

P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposit

Alchen [17]

Answer:

The journal entry would be as follows:

Account Debit Credit

Cash $480

Sales Revenue $500

Credit Card Expense $20

The Credit Card Expense corresponds to the 4% fee that Master Card charged P. Jameson Co. ($500 x 20% = $20)

4 0

3 years ago

Accessory Industries has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 100

Natalija [7]

Answer:

Equity is 0.29

Debt is 0.64

Preferred stock 0.07

Explanation:

WACC=Ke*E/V+Kd*D/V*(1-t)*Kp*P/V

However, the requirements of the question is weights of the bonds,equity and preferred stock which are E/V,D/V and P/V respectively

E is the value of equity=2,000,000*$22=$44,000,000

D is the value of debt =100,000*$1000*96%=$96,000,000

P is the value of prefered stock=1,000,000*$10.50=$10,500,000

Total firm's finance(V) $150,500,000

E/V=$44,000,0000/$150,500,000=0.29

D/V=$96,000,0000/$150,500,000=0.64

p/v=$10,500,000/$150,500,000=0.07

4 0

3 years ago

Read 2 more answers

Consider the following accounting terms and definitions and match each term to the definition: Accounting a. an economic resourc

spayn [35]

<h2>Answer: </h2>

Accounting:

The basic tool of accounting, stated as asset=liabilities + equity (e)

Asset:

An economic resource that is expected to be of benefit in the future (a)

Balance sheet:

Reports on an entity’s assets, liabilities, and stockholders’ equity as of a specific date (I)

Expense:

Decreases in equity that occur in the course of selling goods/services (f)

Income statement:

Reports on an entity’s revenues, expenses, and net income or loss for the period (j)

Liability:

Debts that are owed to creditors (b)

Net income:

Excess of total revenues over total expense (d)

Net loss:

Excess of total expense over total revenues (c)

Revenue:

Increase in equity that occur in the course of selling goods/services (g)

Statement of cash flow:

Reports on a business’s cash receipts and cash payments during a period (h)

Statement of retrained earning:

Reports how the company’s retained earnings balance changes from the beginning to the end of the period (k)

8 0

3 years ago

Read 2 more answers

____ refers to experimenting with work first and then deciding on a path instead of doing all the ethical considering up front.

Vlad1618 [11]

The answer to this question is Millenial
Millenials refers to the group of people that enter adulthood in early 21st centuries. This group of people tend to seek work-life balance in choosing their careers, which led many of them to job-hopping from one place to another if they feel that the workplace is not suitable/ideal for their ethical and values.

4 0

3 years ago

A company had net sales of $660,000, total sales of $810,000, and an average accounts receivable of $78,000. Its accounts receiv

qwelly [4]

About 78,000 until the turn over

5 0

3 years ago