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Dovator [93]
2 years ago
11

During 2019, Zigma Company earned service revenue amounting to $800,000, or which $645,000 was collected in cash; the balance wi

ll be collected in January 2020. Also in 2019, there were collections of cash prior to the delivery of goods/services totaling $11,100. What amount should the 2019 income statement report for service revenue
Business
1 answer:
timofeeve [1]2 years ago
8 0

Answer:

$800,000

Explanation:

Given that;

Sales revenue = $800,000

Cash collected = $645,000

Remaining amount cash collected in January = $155,000

And the delivery of goods is $11,100

Here, since the service revenue earned is $800,000 and same amount would be reported under the income statement, other items given would be ignored.

It therefore means that the sum of $800,000 should be the 2019 income statement report for service revenue.

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Christina purchased 500 shares of stock at a price of $62.30 a share and sold the shares for $64.25 each. She also received $738
Gnesinka [82]

Answer:

1.60 percent

Explanation:

exact real rate of return on this investment = interest rate - inflation rate

total revenue gotten by Christina = ( 500 × $ 64.25) + $ 738 = $ 32863

total money invested = 500 × $ 62.30 = $ 31150

her profit =  $ 32863 - $ 31150  = $ 1713

interest =  $ 1713 / $ 31150 = 0.054992 × 100 = 5.4992 %

exact interest rate = 5.4992 %  - 3.9% = 1.5992 approx 1.60 percent

6 0
3 years ago
Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to?
WARRIOR [948]

Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to promote workforce diversity.

What is workforce diversity?

Workforce diversity means  having a workforce that comprises of people of diverse backgrounds, cultures, genders, orientations, races, perspectives and shared values.

In a bid to give a greater sense of belonging to the women folks(the same it has always be given to men folks), a firm may decide that it needs to source certain inputs or resources or materials from a small, women operated businesses, which in turn promote the corporate image, brand awareness and also functioning as a way of the firm giving back to the society or leaving positive impact on its host community.

Overall, such kind gesture would reflect on the financials of the company sooner or later by a way of increasing sales revenue and consequently, increase profitability

Find out more about corporate social responsibility on:brainly.com/question/13334545

#SPJ1

5 0
2 years ago
Read 2 more answers
The Davis Corporation budgeted factory overhead at $250,000 for the period for the Assembly department, based on a budgeted volu
Igoryamba

Answer:

B. $10,000 Underapplied

Explanation:

Hourly rate = $250,000/100,000 = $2.5 per hour

Excess hours = 4000

Excess over head = 4000 * 2.5 = $10,000

There was a $10,000 underapplied overhead for that period

8 0
3 years ago
Claude holds a large number of shares of Bayou Beauty, a regional brewing company that is considered a likely takeover target by
ziro4ka [17]

Answer: sold the company to the larger brewer.

Explanation:

Based on the information given, it would be in Claude's financial interest if Bayou Beauty's owners sold the company to the larger brewer.

The reason for this is that the same of the company to the major international brewer will result in long term performance and dividends.

6 0
3 years ago
When the copyright holder leases, for a fee, the product for use by others (lessors), what happens to the copyright protection?
Leto [7]
The choices can be found elsewhere and as follows:

It is passed to the person/company that leases the product.
It remains with the copyright holder.
It is transferred to the lessors under "First sale" <span>doctrine.

I believe the first option is the correct answer. </span>When the copyright holder leases, for a fee, the product for use by others (lessors), then the copyright protection is passed to the person/company that leases the product.
8 0
3 years ago
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