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bulgar [2K]
3 years ago
15

Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?

Business
1 answer:
ella [17]3 years ago
7 0
The gross profit is more inportant than the net profit

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In the U.S. current account, most of the trade deficit results from an excess of imported A. merchandise and services B. merchan
Lina20 [59]
In the U.S. current account, most of the trade deficit results from an excess of imported <span>merchandise (B).</span>
3 0
3 years ago
Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journa
BaLLatris [955]

Answer:

Finer Company

Sales Journal:

May 7 Debit Accounts Receivable (J. Dryer) $1,527

Credit Sales Revenue $1,527

To record the sale of goods on terms 2/10, n/30, via invoice no. 5704.

May 12 Debit Accounts Receivable (R. Lamb) $421

Credit Sales Revenue $421

To record the sale of goods on terms n/30, via invoice no. 5705.

 

May 25 Debit Accounts Receivable (T. Taylor) $691

Credit Sales Revenue $691

To record the sale of goods on terms n/30, via invoice no. 5706.

Explanation:

a) Data and Analysis for Sales Journal:

May 7 Accounts Receivable (J. Dryer) $1,527 Sales Revenue $1,527 terms 2/10, n/30, invoice no. 5704.

May 12 Accounts Receivable (R. Lamb) $421 Sales Revenue $421 terms n/30, invoice no. 5705.

 

May 25 Accounts Receivable (T. Taylor) $691 Sales Revenue $691 terms n/30, invoice no. 5706.

8 0
3 years ago
On January 1, Noonan Company purchases equipment for $100,000. The equipment is expected to have a useful life of 5 years and wi
PtichkaEL [24]

Answer:

$20,000

Explanation:

Since the cost is allocated equally, the depreciation expense on the purchased equipment will be calculated as:

                                                                 =  <u>Cost of equipment- Scrap value</u>

                                                                        Useful life

                                                                 =  <u>$100,000 - $0</u>

                                                                        5 years

                                                                = $20,000

Based on the above, the depreciation expense for the year that must be recognized by Noonan Company is $20,000.

7 0
3 years ago
________ databases are the most commonly used electronic databases.
irina [24]

The answer to this question is a relational database. A Relational database is a computer database that is stored in which information and data that is stored have a relation with each other. Relational database is also a set of tables, records, and columns. The software that is used in a relational database is called a relational database management system or RDBMS. 

5 0
3 years ago
Which of the following is a current asset?
Rashid [163]

Answer:

<u>C. debtors</u>

Explanation:

  • It is a current asset as it is envisioned to bring in profit within a fixed period of time
  • If you have debtors owing you money, then it is rightly considered a current asset
4 0
2 years ago
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