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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

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Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. Credi

Dovator [93]

Answer:

3.6

Explanation:

The receivables turnover for the year is calculated as;

= Net sales(credit sales) ÷ Average accounts receivables

Average account receivables

= ($200,000 + $220,000) ÷ 2

= $210,000

Therefore, Receivables turnover

= $750,000 ÷ $210,000

= 3.6

6 0

3 years ago

The average firm in each industry must have an m/b ratio that is equal to 1.0. true or false?

kumpel [21]

The M/B ratio is the ratio between the market value and the book value. It is one indicator used to measure the worth 
It is false that the average firm in each industry must have an M/B ratio that is equal to 1.0

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3 years ago

You have been given $100 to start a checking account. Considering the four P's discussed in the module, go online to research an

ser-zykov [4K]

Answer:

what are the four p's

Explanation:

4 0

3 years ago

In Angola in 2004, GNI is much less than GDP. Angola is an oil-exporting country. What is a plausible relationship between these

asambeis [7]

Answer:

The GDP includes the value of all the final goods and services produced in a country, while the GNI includes the value of all the final goods and services produced by the citizens of a country, regardless of where they are located.

Angola's GDP is higher than its GNI because many foreign companies must produce oil, and that increases GDP but is not included in the GNI).

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3 years ago

Marcia, a single individual, has qualified trade or business income after all applicable deductions of $240,000. Her business pa

Goshia [24]

Answer:

Compute Marcia's QBI deduction, assuming her overall taxable income before QBI is $300,000.

$40,000

Compute Marcia's QBI deduction, assuming her overall taxable income before QBI is $180,000.

$36,000

Explanation:

Marcia's QBI deduction limits:

lower between 20% of QBI or taxable income

$240,000 x 20% = $48,000

$300,000 x 20% = $60,000

higher between 50% of wages or 25% of wages + 2.5% of business property

$80,000 x 50% = $40,000

($80,000 x 25%) + (2.5% x $50,000) = $21,250

Marcia's QBI deduction limits:

lower between 20% of QBI or taxable income

$180,000 x 20% = $36,000

$300,000 x 20% = $60,000

higher between 50% of wages or 25% of wages + 2.5% of business property

$80,000 x 50% = $40,000

($80,000 x 25%) + (2.5% x $50,000) = $21,250

7 0

2 years ago