If you want to compare your qualifications to an employers requirements, a T-letter is the best cover letter format to use.

Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to

V125BC [204]

Answer:

Option A is correct

Explanation:

What we need to know to solve this question is how the cash method for accounting works in this scenario.

Thus, using the cash accounting method income is to be recognized when cash is received, thus the taxpayers for tax purposes will be reporting income when the income is received (in the form of services, cash, property, etc.).

3 0

3 years ago

Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp

Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.

7 0

3 years ago

Sheryl Crow Equipment Company sold 500 Rollomatics during 2014 at $6,000 each. During 2014, Crow spent $20,000 servicing the 2-y

Natasha2012 [34]

Answer:

(a) Prepare 2014 entries for Crow using the expense warranty approach. Assume that Crow estimates the total cost of servicing the warranties will be $120,000 for 2 years.

To record the 2014 sales:

Dr Cash 3,000,000

Cr Sales revenue 3,000,000

Dr Warranty expense 120,000

Cr Warranty liability 120,000

To record the expenses related to warranty liability during 2014

Dr Warranty liability 20,000

Cr Cash 20,000

(b) Prepare 2014 entries for Crow assuming that the warranties are not an integral part of the sale. Assume that of the sales total, $150,000 relates to sales of warranty contracts. Crow estimates the total cost of servicing the warranties will be $120,000 for 2 years. Estimate revenues to be recognized on the basis of costs incurred and estimated costs.

To record the 2014 sales:

Dr Cash 2,850,000

Cr Sales revenue 2,850,000

Dr Cash 150,000

Cr Unearned warranty revenue 120,000

Cr Warranty revenue 30,000

To record the expenses related to warranty liability during 2014

Dr Warranty expenses 20,000

Cr Cash 20,000

Since the warranty covers a 2 year period, the company cannot recognize any more warranty revenue yet.

7 0

4 years ago

Running vertically down the market-product grid, each column represents an opportunity for efficiency in A. A product grouping.

ArbitrLikvidat [17]

Answer: (D) Research and development

Explanation:

In the product synergy system, the each column representing about the opportunity for the efficiency in the research and the development.

The product synergy is one of the concept that helps in explain about the holistic view of an organization where the various types of material and also the energy are get exchange from one unit to another.

The research and the development plays an important role in the industry as it helps in introducing the new innovated products and the services in the market and maintaining the organizational productivity and the bottom line.

Therefore, Option (D) is correct answer.

6 0

4 years ago

A table of notes receivable for 2018 follows:

Natasha2012 [34]

Answer:

The interest revenue is $ 300+$315.62+$887.67+$4500= $ 6003.29

Explanation:

Note 1 : Interest Revenue = $ 30,000 * 4% *3/12= $ 300

Note 2 : Interest Revenue= $ 16,000 * 8 % *90/365= $ 315.62

Note 3: Interest Revenue= $ 18,000 * 10% *180/365= $ 887.67

Note 4: Interest Revenue= $ 150,000 * 12% *6/12= $ 4500

4 0

3 years ago