Answer:
$26,456 million.
Explanation:
The formula to calculate the gross profit is:
Gross profit=Sales-cost of goods sold
Using this formula we can calculate the cost of goods sold as we have the information about the gross profit and the sales:
Cost of goods sold=Sales-Gross profit
Cost of goods sold=$36,241-$9,785
Cost of goods sold=$26,456
According to this, TechMart's cost of goods sold was $26,456 million.
Answer:
A joint venture (JV) is not a partnership. That term is reserved for a single business entity that is formed by two or more people. Joint ventures join two or more different entities into a new one, which may or may not be a partnership.
Hope it helps
Answer:
He should pay his debt off, weather it is the credit card and bills, or student loan. Also he should put $50 into the emergency funds.
Explanation:
This is the best idea, why? Well, the bills and debt should come first, way before a vacation and before a new car where possible. If you chip away at your debt, and pay on time, your credit score will increase. Now, this is great because you are paying off owed money and paying bills ahead off time and on time, also your credit increases! Without good credit, you can`t get a loan for a CAR or a HOUSE! So if his credit is bad or meh, he might not get approved, therefore, he can get the car! Now emergency funds come rights after bills and debt. He has a measly $250 dollars. Now just put $50 dollars each month, you will be good. This is great because you are steadily increasing your savings by $50 each month which adds up fast without eating up money. These are the *MOST IMPORTANT* options and the smartest options. After all of this, then you could take a cheap vacation, but you have to pay bills and debt on time!
Answer:
debit allowance for doubtful debt $100
credit accounts receivable $100
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Answer:
flexible budget amount for canoe sales revenue for April is $72000
Explanation:
given data
sell = 100 canoes
average sales price = $600
sold = 65
total sales = 130
canoes at an average price = $595
actual sales = 120 canoes
to find out
flexible budget amount for canoe sales revenue for April
solution
we know here for flexible budget april sale unit are = 120
and selling price is $600
so that April sales will be here = 120 × 600
April sales = 72000
so flexible budget amount for canoe sales revenue for April is $72000
