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2 years ago

What do investors use the income statements of organizations for?

Business

1 answer:

Ivenika [448]2 years ago

5 0

Answer:

Investors use income statements to determine the profitability of a company over time. ... This is the amount that a company would pay shareholders, per share, if the company paid out all of its net income as dividends.

Explanation:

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On June 1, High Performance Cell Phones sold 19,000 of merchandise to Anthony Trucking Company on account. Anthony fell on hard

Naily [24]

Answer and Explanation:

The Journal entries are shown below:-

1. Anthony Trucking Dr, $19,000

To Sales A/c $19,000

(Being the sales made is recorded)

2. Bank Dr, $5,000

To Anthony Trucking $5,000

(Being cash received is recorded)

3. Wrote off A/c Dr, $14,000

To Anthony Trucking $14,000

(Being Account receivable write off the balance is recorded)

4. Bank Dr, $14,000

To Wrote off $14,000

(Being cash received is recorded)

2. High Performance 's direct write-off approach would face drawbacks because it breaches the matching principle. The matching theory involves be matching the spending of uncollectible accounts with the relevant revenues. Here uncollectible amount is treated as a bad debt expense. The written off amount is treated as uncollectible amount by the customer

7 0

3 years ago

Select the correct answer

Amiraneli [1.4K]

I believe the answer is A

3 0

2 years ago

On average, workers in Australia can produce 3 units of agriculture output or 9 units of manufacturing output per day. In Guyana

tester [92]

Answer:

3 UNITS OF MANUFACTURING OUTPUT

2 units of manufacturing output?

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

the opportunity cost of agricultural output in Australia = manufacturing output per day / agricultural output

= 9/3 = 3

the opportunity cost of agricultural output in Guyana = manufacturing output per day / agricultural output

= 8/4 = 2

8 0

2 years ago

General Product Inc. distributed 150 million coupons in 2021. The coupons are redeemable for 40 cents each. General anticipates

Rasek [7]

General Product Inc.'s coupon liability as of December 31, 2021, is $24 million.

<h3>What is coupon liability?</h3>

Coupon liability is a contingent liability arising from coupon redemption obligations.

As a potential future liability, only the amount that can be reasonably estimated should be recognized.

<h3>Data and Calculations:</h3>

Distributed coupons = 150 million

Coupon redemption cost per unit = 40 cents

Total potential liability from coupons = $60 million (150 million x $0.40)

Probability of occurrence = 70%

Estimated redeemable liability = $42 million ($60 million x 70%)

Redeemed coupons in 2021 = 45 million or $18 million (45 million x $0.40)

Recognized contingent liability for 2021 = $24 million ($42 - $18 million)

Thus, General Product Inc.'s coupon liability as of December 31, 2021, is $24 million.

Learn more about coupon liabilities at brainly.com/question/17963028

#SPJ1

5 0

1 year ago

A nation's productivity is directly affected by what?

Travka [436]

The education of its labor force. the effiecientcy of its machinery.

3 0

3 years ago