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sattari [20]
3 years ago
11

In Dart Co.'s year two single-step Income Statement, as prepared by Dart's controller, the section titled "Revenues" consisted o

f the following:Sales $250,000Purchase discounts 3,000Recovery of accounts written off 10,000Total revenues $263,000In its year two single-step Income Statement, what amount should Dart report as total revenues?A. $250,000B. $253,000C. $260,000D. $263,000
Business
1 answer:
romanna [79]3 years ago
6 0

Answer:

$250,000

Explanation:

The purchase discount will change the value of net purchases and thus, ending invenotry and cost of goods sold not revenues.

The recovery of accounts written off comes from a previous sales which alter the allowance for doubtful account and bad debt expense but this do not alter the revenues for the period.

Only sales of the period represent revenues.

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1.745 per unit

Explanation:

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3 years ago
Analog televisions, such as the one shown above, are in which stage of their product life cycle according to the textbook? accel
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3 years ago
the securities and exchange commission supported the practice of insider trading on the stock market.
NNADVOKAT [17]

It is completely inappropriate to suggest that the securities and exchange commission supported the practice of insider trading on the stock market. Therefore, the statement given above is false.

<h3>What is the significance of insider trading?</h3>

Insider trading can be referred to or considered as an unfair trading practice of placing trade on securities of a company due to a possession of an unpublished price sensitive information not accessible to the public.

To protect the interests of general investors in the stock market, the securities, and exchange commission has laid strict regulations and fines as well as imprisonment on the practice of insider trading in the stock market.

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The question given above is to be assumed as a TRUE or FALSE question. The answer has been given under same assumption.

8 0
2 years ago
our economists estimate that citizens in our country have an mpc of 0.75. To increase GDP by $800 how much should we increase go
pantera1 [17]

Answer: $200

Explanation:

From the information given, since the MPC is 0.75 and the change in GDP is $800, the change in the government spending will then be:

$800 = 1/(1 - 0.75) × ∆G

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6 0
3 years ago
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postnew [5]

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7 0
3 years ago
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