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3 years ago

Gross earning are the same as

2 answers:

6 0

Gross earnings means the total income earned before the application of any tax deductions or adjustments. For community (public) companies gross earnings is an accounting convention, referring to the amount left over from total expenses over a specified time period once the cost of goods sold.


i don't know if this was what you were asking but here you go.

Assoli18 [71]3 years ago

4 0

Gross earnings are the same as the total income earned prior the application of any tax deductions or adjustments..

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Elc inc. is an electronic appliances manufacturer that has many strategic business units (sbus), among which, television and com

Sedbober [7]

Answer:

The answer is multi-divisional structure.

Explanation:

A company employing multi-divisional structure would usually function as a parent company that has many business units under it operating different business sectors. This is clearly the case of Elc Inc., since it both manufactures televisions and computers. The fact that both businesses share the same budget shows that the two business units are still operating in the same company.

4 0

4 years ago

Product A is normally sold for $9.60 per unit. A special price of $7.20 is offered for the export market. The variable productio

Sophie [7]

Answer:

A. Differential Analysis dated March 16

Reject Accept

Sales revenue per unit $0 $7.20

Variable production cost 0 5.00

Additional export tariff 0 1.08

Total variable costs 0 $6.08

Net income $0 $1.12

B. The special order should be accepted.

2) Product B:

Revenue of $39,500

Variable cost of goods sold of $25,500

Variable selling expenses of $16,500

Fixed costs of $15,000

Operational loss $17,500

Differential Analysis of May 9

Reject Accept

Sales revenue $0 $39,500

Variable costs:

Product $0 25,500

Selling $0 16,500

Fixed costs $15,000 15,000

Total costs $15,000 $57,000

Net loss $15,000 $17,500

B) Product B should be discontinued.

Explanation:

a) Data and Calculations:

Normal selling price per unit of Product A = $9.60

Special order price for the export market = $7.20

Variable production cost = $5.00 per unit

Additional export tariff = $1.08 ($7.20 * 15%)

Total variable production and export costs = $6.08

7 0

3 years ago

Help find Robert! South Carolina people help me find Robert!

pochemuha

He’s not even lost or missing he probably ghosted you please stop sharing this and move on

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3 years ago

If the Mount Lemmon fire district attempts to implement age diversity initiatives, but these initiatives are defeated because th

statuscvo [17]

Answer:

Explanation:

fears of reverse discrimination

8 0

2 years ago

On December 31, 2017, Extreme Fitness has adjusted balances of $870,000 in Accounts Receivable and $69,000 in Allowance for Doub

kondaur [170]

Answer: The amount the company would report as its net accounts receivable at 31 December 2017 is $801,000.

Explanation: Net accounts receivable is the recoverable amount of receivable after considering the amount that is deemed to be uncollectible. It is accounts receivable balance minus the allowance for doubtful accounts.

In the instance of this question, the net accounts receivable was initially $801,000 ($870,000 - $69,000). Now that management approved a write-off of $17,000, the implication is that the write-off would hit allowance for doubtful account (since there is a buffer in that account instead of bad debt expense), and the necessary accounting entries to be recorded would be: Debit Allowance for doubtful accounts $17,000; Credit Accounts Receivable $17,000. With these entries, both accounts receivable and the allowance for doubtful accounts would be reduced by the same account. Consequently, the net accounts receivable remains the same but the individual balances in accounts receivable and allowance for doubtful account would now be $853,000 ($870,000 - $17,000) and $52,000 ($69,000 - $17,000).

5 0

3 years ago