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zloy xaker [14]
3 years ago
12

Commission earned but not received is debit or credit?​

Business
1 answer:
Fed [463]3 years ago
4 0
It will be debit ...... sorry for all the dots had to make it longer
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A consumer uses goods and services to _____.
allochka39001 [22]
The answer is...

A consumer uses goods and services to satisfy economic wants.
8 0
3 years ago
Read 2 more answers
Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month
kkurt [141]

Answer:

$114 unfavorable

Explanation:

For computing the overall variable overhead efficiency variance  first we have to need to find out the standard variable overhead rate which is shown below:

= ($11,680 + $41,900) ÷ 4,700 hours

= $11.4

Now the  variable overhead efficiency variance is

= standard variable overhead rate × (Actual machine hours - standard machine hours)

= $11.4 × (4,740 machine hours - 4,730 machine hours)

= $114 unfavorable

This unfavorable indicates the actual hours are more than the standard hours

6 0
3 years ago
Cash received through the sale of long-term investments would be reported in the statement of cash flows as a a.Cash inflow in t
avanturin [10]

Answer:

b.Cash inflow in the investing activities section.

Explanation:

The cash flow statement shows the cash used or provided by the various activities of an entity during a given period. These activities are categorized into operating, investing and financing activities.

Non current asset sale and purchases are accounted for in the investing section of the cash flow statement as an inflow and an outflow of cash respectively.

Hence, Cash received through the sale of long-term investments would be reported as Cash inflow in the investing activities section.

4 0
3 years ago
On January 1, 2020, Blue Co. purchased 24,000 shares (a 10% interest) in Elton John Corp. for $1,300,000. At the time, the book
Len [333]

Answer:

$4,465,400

Explanation:

The investment in Elton in 2020                          $1,300,000

share of 2020 net income(10%*$690,000)               <u>$69,000</u>

ending balance of investment in 2020                 $1,369,000

Share of net income 6/30/21 ($480,000*10%)         <u>  $48,000</u>

ending balance of investment 6/30/21                   $1,417,000

Acquisition of investment 7/1/2021                        <u> $2,920,000</u>

Total amount of investment                                     $4,337,000

share of net income 12/31/2021($800,000*30%)       $240,000

Dividends received(48,000+24,000)*$1.55                <u>($111,600)</u>

balance of investment in Elton John Corp                <u> $4,465,400</u>

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In computing the above value,at each point in time the share of Blue Co from net income earned by Elton john corp is added while any dividends received in cash is deducted.

8 0
3 years ago
How much yearly revenue does soccer brings in?
Irina-Kira [14]

Answer:

Soccer is a sport which gets majority of its revenue from television rights and tournament sponsors.

The Men’s World Cup tournament is known by the governing body, FIFA to generate more money than any other tournament. FIFA was believed to have earned more than $6 billion in its last organized men’s tournament.

This translates that the total revenue soccer brings in is in the region of hundreds of billions of dollars.

4 0
3 years ago
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