1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vivado [14]
3 years ago
9

Barto Company provides this information for the month ended October 31, 2017: sales on credit $300,000, cash sales $150,000, sal

es discounts $5,000, and sales returns and allowances $19,000. Prepare the sales section of the income statement based on this information. Only this part: Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets, cost of goods sold, depreciation expense, and sales returns and allowances.
Business
1 answer:
anastassius [24]3 years ago
8 0

Answer:

The Multi-step income statement is attached, Please find it

Explanation:

The multi-step income statement is attached with this answer please find it.

Gain On Disposal will appear in the other income section of the multi-step income statement

Cost of goods sold will appear in the cost of goods sold section of the multi-step income statement

Depreciation expense will appear in the operating expense section of the multi-step income statement

Sales returns and allowances will appear in the sales / net sales section of the multi-step income statement

You might be interested in
Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60
Taya2010 [7]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment.

Total labor force= 60 + 20 + 20= 100

Unemployed= 20

Unemployment rate= (20/100)*100= 20%

4 0
3 years ago
A process currently services an average of 43 customers per day. Observations in recent weeks show that its utilization is about
love history [14]

Answer:

The correct answer is 31 customers per day.

Explanation:

Consider the current capacity requirement as = x

Management wants to have a capacity cushion = 8%.

So the utilization is required = 100% - 8% = 92%

A process of currently services an average of 43 customers per day and utilization is 90%.

Expected Demand=70%= 70 ÷ 100 = 0.70

Current utilization = 90% = 0.90

Let Capacity requirement = X

Capacity requirement ÷ required utilization  = Expected Demand rate × current service rate ÷ current utilization rate

X ÷ 0.92  = 0.70 × 43 ÷ 0.90

X = 0.70 × 43 ÷ 0.90 × 0.92

= 30.76  or 31

Needed capacity requirement is 31 customer per day.

6 0
3 years ago
All 50 states have licensing laws that regulate persons and companies that engage in the brokerage business. Interpreting and en
BartSMP [9]

Answer:

B. Texas real estate commission

Explanation:

The Texas real estate commission is a government agency based in Texas. They are responsible for overseeing the licensing of real estate brokers and agents. They are responsible for governing the practices of real estate in Texas. They regulate organizations and individuals that in brokerage businesses. They interprete and enforce the licensing laws of real estate in Texas. They safeguard consumers/costumers in matters of real estate transactions.

3 0
3 years ago
Read 2 more answers
Rhonda would like to sell her existing digital camera to upgrade to a more sophisticated one by advertising on the bulletin boar
Nezavi [6.7K]

Answer:

Rhonda would like to sell her existing digital camera to upgrade to a more sophisticated one by advertising on the bulletin board in the student center. She decides against it because the used digital cameras listed on the board are underpriced. This describes the problem of__Adverse selection______.

Explanation:

Adverse selection is the situation whereby one party in a negotiation process has the relevant, important, and necessary information that the other party lacks about product and services, usually in favor of the seller.

4 0
3 years ago
Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can
g100num [7]

a. Greyhound bus system

6 0
3 years ago
Other questions:
  • Brand socialization is a measure of how effectively ______. a. a company’s brand reinforces a positive relationship between the
    5·1 answer
  • For firms in perfectly (purely) competitive markets, long‑run economic profits are zero because firms will exit this market if p
    5·1 answer
  • Which of the following are examples of companies operating a globalized world? Check all that apply
    14·1 answer
  • A company has increasing marginal returns. Total production is 5 units when the first worker is hired. Total production rises to
    7·1 answer
  • Suppose that Greece and Switzerland both produce beer and olives. Greece's opportunity cost of producing a crate of olives is 5
    9·1 answer
  • 13. T F A high standard deviation generally means that the data points are widely
    5·1 answer
  • 25 point multiple choice
    14·1 answer
  • Fredrick is single and lives alone. He paid more than half of the cost of maintaining a home for his father for the entire year.
    11·1 answer
  • A fast food restaurant chain has identified day commuters as its market segment. If the chain wants to persuade this segment to
    14·1 answer
  • Were Social Security and Medicare the largest contributors of revenue for the federal government in Fiscal Year 2019? Explain.(1
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!