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victus00 [196]
3 years ago
12

The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 20

22: Sales Revenue $903,400; Freight-Out $13,700; Sales Returns and Allowances $22,000; and Sales Discounts $15,400. Prepare the sales section of the income statement.
Business
1 answer:
sveta [45]3 years ago
7 0

Answer and Explanation:

The preparation of the sales section of the income statement is presented below:

<u>Income Statement </u>

<u>For the year ended </u>

Sales  

Sales revenue  $903,400

Less:  

Sales Discount  $15,400  

Sales return & allowances  $22,000  

Net Sales         $866,000

hence the net sales is $866,000

The freight out would not be considered. Hence, ignored it

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If you were announcing your newest top executive targeted to the Wall Street Journal, you'd more likely provide a ________ than
ch4aika [34]

Answer:

The correct words for the blank spaces are: straight bio; narrative bio.

Explanation:

Straight biographies relate objective, factual events of an individual. Using this approach the relevant information of that person over a certain topic is provided moreover when there is an intention of remarking a special prize or responsibility that person was given. On the other hand, narrative bio implements subjective opinions about one individual including memories of that person to make the audience have an idea of why the author of the article thinks in such a way of that person.

Then, <em>when announcing an individual who has recently been assigned an important managerial charge, it is more suitable to use the straight bio rather than the narrative bio to show the person earned that position by merit and not preference.</em>

7 0
4 years ago
Suppose you deposit ​$800800 cash into your checking account. By how much will checking deposits in the banking system increase
Marina CMI [18]

Answer:

Change in checking deposit is $18,20,000

Explanation:

Checking account is the kind or form of deposit account that is held at a institution and it allows the deposits as well as withdrawals.

The change in the checking deposit is computed as:

Change in Checking deposit = Deposit amount / Required reserve ratio

where

Demand deposit is $800,800

Required reserve ratio is 0.440

Putting the values above:

Change in checking deposit = $800,800 / 0.440

Change in checking deposit = $18,20,000

8 0
3 years ago
Which of these signifies an ethical issue?
olga nikolaevna [1]
C. Monitoring use of workplace resources for personal gain
3 0
4 years ago
Read 2 more answers
Suppose ​$200 comma 000 is deposited at a bank. The required reserve ratio is 20 ​percent, and the bank chooses not to hold any
tino4ka555 [31]

Answer: The bank's total loans amount is $160,000.

Explanation: The bank got a total deposit of $200,000 from its customers. The reserve ratio was given as 20%. The is the cash reserve amount that should be domiciled with Fed. So 20% of $200,000, which is the total deposit is $40,000. This means an amount of $40,000 is the reserved cash. Since the bank has chosen not to keep any excess reserves, it means the bank would be availing a total loans amount of $160,000 (%200,000 - $40,000) to its customers.

4 0
4 years ago
Numerous customers of a bridal store lost their ordered and prepaid wedding gowns when the store locked its doors and declared b
Kaylis [27]

<u>Answer:</u> Consolidation

<u>Explanation:</u>

Courts have the authority to consolidate the cases which have common concern. Consolidated case also does not mean the court will not hear each appeal separately. As the facts of the case are similar that they have not received their prepaid wedding gowns due to the bankruptcy of the bridal store single hearing is placed by the court.

The consolidated cases at first remain the same way but the arguments of the attorneys may diverge the case while appealing. The disappointed brides should receive their compensation at once from the failed store here.,

6 0
3 years ago
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