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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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Explanation:

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47. Specialty stores use a wide variety of products in one product category as their key competitive tool.
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Answer:

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Suppose a large country experiences economic growth which results in a reduced willingness to trade. The country’s terms of trad
eimsori [14]

Answer:

The correct answer is letter "B": improve; rise.

Explanation:

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4 0
3 years ago
If productivity increases significantly and demand is not very elastic, what is likely to happen?
spayn [35]

Answer:

B. Fewer workers will be needed.

Explanation:

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4 0
3 years ago
Read 2 more answers
Consumption of Fixed Capital$25Government Purchases315US imports260Personal Taxes45Transfer Payments247US Exports249Personal Con
morpeh [17]

Answer:

$1,079 billion

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Calculation to determine what Gross domestic product is

Using this formula

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Let plug in the formula

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Therefore Gross domestic product is $1,079 billion

8 0
3 years ago
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