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STALIN [3.7K]
3 years ago
6

Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $140 in cash from a

customer for services rendered this year a promise from a customer to pay $192 for services rendered this year tickets to a football game worth $230 as payment for services performed last year a check for $178 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C
Business
1 answer:
Masja [62]3 years ago
7 0

Answer:

$548

Explanation:

Calculation to determine How much income should Bill realize on Schedule C

Income realized=$140+ $230 + $178

Income realized= $548

Therefore How much income should Bill realize on Schedule C is $548

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Suppose trade between the United States and Canada results in a $100 billion increase in production of agricultural goods. This
MissTica

Answer:

D

Explanation:

The gain from the trade will be split between the two countries but the division may not be equal because the division of gain depend on several factors such demand and supply for goods as well as the price which we don't have the information about.

4 0
3 years ago
Select the correct answer from the drop-down menu.
pashok25 [27]

When you earn college credit from courses you take in high school, you don't have to retake that course in college. Therefore, you might be able to graduate early and pay less tuition.


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4 0
3 years ago
Read 2 more answers
On December 30 of the current year, Azrael, Inc., purchased a machine from Abiss Corp. in exchange for a noninterest-bearing not
Brut [27]

Answer:

$94,244

Explanation:

Data provided as per the question below:-

Note payable amount = $20,000

rate of interest = 11%

The computation of the present value of factors are shown below:-

Here we are using the annuity table of present value at 11% for 7 years

Present value of factors = Note payable amount × present value annuity factor

= $20,000 × 4.7122

= $94,244

5 0
3 years ago
Ross purchased a new commercial vehicle today for $25,000. the entire amount was financed using a five-year loan with a 4 percen
Feliz [49]

Answer:

$28,121

Explanation:

The formula for compound interest is A=P(1+r/100)t, (t) is in the exponent.

P=25,000

r=4

t=3

Once we input the values it will be: A=25000(1+4/100)3

And so our answer is $28,121

P.S The reason we are using compound interest formula is bcz the said (<u>compounded </u>monthly)

6 0
3 years ago
Waterway Industries can produce 100 units of a component part with the following costs: Direct Materials $15800 Direct Labor 690
alisha [4.7K]

Answer:

If the company decides to purchase the parts, its total costs will increase by $3,400, so it should continue to manufacture the part.

Explanation:

current production costs:

direct materials $15,800

Direct labor $6,900

Variable overhead $16,800

Fixed overhead $12,000

total costs = $51,500

if the company can purchase the 100 units form an outside vendor for $47,100 and avoid $4,100, its total costs would be:

purchase price $47,000

fixed overhead = $12,000 - $4,100 = $7,900

total costs = $54,900

If the company decides to purchase the parts, its total costs will increase by $3,400, so it should continue to manufacture the part.

4 0
3 years ago
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