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3 years ago

Garza company had sales of $149,000, sales discounts of $2,225 and sales returns of $3,525. Garza's net sales equals

Business

1 answer:

nika2105 [10]3 years ago

4 0

Answer:

Garza's net sales equals $143250.

Explanation:

Net sales = gross sales - sales return - sales discount

= $149,000 - $3,525 - $2,225

= $143250

Therefore, Garza's net sales equals $143250.

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Sadie sold 10 shares of stock to her brother, George, for $500 16 months ago. Sadie had purchased the stock for $600 two years e

wlad13 [49]

Answer:

there is gain and receive is $100 long term gain

Explanation:

given data

Sadie sold = 10 shares

Sadie sold shares of stock = $500

time = 16 year ago

Sadie purchased the stock = $600

time = 2 year earlier

George sells stock = $700

to find out

amount and character of his recognized gain or loss in the current year

solution

we know that George receives dual basis in the stock

his loss = $600 - $500 = $100

and

if we consider stock is sold at a gain

then George receives a carryover basis = $600

and

if we consider stock is sold at a loss

then George receives = $500

also here his sister basis and holding period is transfer to her brother

so we can say there is gain

and receive is = proceed - carryover basis

receive is = $700 - $600

receive is $100 long term gain

5 0

3 years ago

Pls help!!! will give brainly!!!

enyata [817]

Answer:

I believe this would be in the Engineering and technology pathway.

Explanation:

Examples of someone in a engineering and technology pathway are people like Biomedical engineers so it makes sense!

6 0

3 years ago

Packer Corporation’s year 8 income statement reported $130,000 in income before provisions for income taxes. To compute the prov

romanna [79]

Answer:

$127,000

Explanation:

Calculation for the amount to be reported as taxable income

Using formula

Taxable income=[Year 8 Income Statement + Rent received in advance -Income from exempt municipal bonds -(Depreciation deducted for income tax purposes-Depreciation deducted for financial reporting)]

Let plug in the formula

Taxable income=[$130,000+$ 22,000 -$ 17,000 -( $ 18,000 -$ 10,000 )]

Taxable income=$130,000+$ 22,000 -$ 17,000 -$8,000

Taxable income=$127,000

Therefore the amount that Packer should report as taxable income will be $127,000

5 0

3 years ago

Which calculation helps determine which producer has the absolute advantage? Resources used multiplied by amount produced

zalisa [80]

Answer

The calculation that helps to determine which producer has the absolute advantage is:

B. The amount produced divided by resources used

Explanation

Productivity is calculated by dividing the amount of output produced by the inputs used in its production process. The size of the output is divided by the resources used to produce the goods to determine the advantage/profit acquired in a business process.This will give the producers ultimate advantage as compared to number of time the bussiness will pay back.

7 0

3 years ago

Read 2 more answers

Cost of Goods Sold Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished go

Tatiana [17]

Answer:

$3,085,000

Explanation:

FIFO means first in first out. It means it is the first purchased inventory that is the first to be sold.

The costs of goods sold would first be allocated to the beginning inventory = $310,000

The remaining cost of goods sold Je allocated to the inventory made during the year = 210,000 - 25,000 = 185,000

185,000 × ( $3,000,000 / $200,000) = $2,775,000

Total cost of goods sold = $2,775,000 + $310,000 = $3,085,000

I hope my answer helps you

3 0

3 years ago