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STALIN [3.7K]
2 years ago
11

uring 2019, Zigma Company earned service revenue amounting to $810,000, of which $650,000 was collected in cash; the balance wil

l be collected in January 2020. Also in 2019, there were collections of cash prior to the delivery of goods/services totaling $8,100. What amount should the 2019 income statement report for service revenue?
Business
1 answer:
BaLLatris [955]2 years ago
8 0

Answer:

$810,000

Explanation:

Based on the information given we were told that the during the year 2019 the Company earned service revenue that was amounting to the amount of $810,000 which simply means that the amount that the year 2019 income statement of the company should report for service revenue will be the amount of money or cash that the Company earned as service revenue which is $810,000.

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When a u.s. airplane manufacturer sells its airplanes to business executives in germany without using intermediaries, it is refe
den301095 [7]
<span>When a U.S. airplane manufacturer sells its airplanes to business executives in Germany without using intermediaries, it is referred to as? Direct exporting. Even though the airplanes were sold without using intermediaries making them a direct export there are still processes that have to be followed within the exchange. A benefit to direct exporting allows the the costs and confusions using a middle man to create, to be irrelevant as there is no middle man just the two companies/countries doing an exchange. </span>
7 0
3 years ago
If the cost of goods sold is more than the cost of goods manufactured, then
ivann1987 [24]

Answer:

C. Finished Goods Inventory has decreased.

Explanation:

Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.

8 0
3 years ago
What is capitol gain?
Triss [41]

Explanation:

  • It is the amount of profit gained by the organization by selling the stock, bond or other real estates.
  • If the value of selling price is higher than the cost price then it means that the capital gain is achieved.
  • The gain amount is calculated by subtracting the higher selling price with the lowest cost price
  • Example of capital assets are: mutual fund, stock, house, land, etc
  • If you achieve a capital gain, then you need to pay tax for it.
5 0
3 years ago
First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest
Anarel [89]

Answer:

$14,343.25

Explanation:

First city bank pays 8% simple interest in a savings account

Second city bank pays 8% interest compounded annually

$68,000 is deposited deposited in each of the bank

The first step is to calculate the simple interesr per year of first city bank

= principal × rate

= 68,000 × 8/100

= 68,000 × 0.08

= 5,440

The interest earned for the period of 8 years can be calculated as follows.

= 5,440 × 8

= 43,520

The balance at the end of 8 years can be calculated as follows

= 68,000 + 43,520

= 111,520

The next step is to calculate the future value of second city bank

= principal × (1+R)^n

= 68,000 × (1+8%)^8

= 68,000 × (1+0.08)^8

= 68,000 × 1.08^8

= 68,000 × 1.85093021

= 125,863.25

Therefore the amount of money earned from second city bank at the end of 8 years can be calculated as follows

= 125,863.25-111,520

= 14343.25

Hence the money that was earned from second city bank at the end of 8 years is $14,343.25

8 0
3 years ago
Could someone help me
Gnoma [55]

Answer: There are several strategies to keep a job. For each paragraph you will want to stay on topic for each individual strategy that you have researched.

Explanation:

There are numerous ways that a person can keep a job. Whether you are new on the job or an expert everyone should keep in mind that they can be replaced. It is imperative that employees follow the rules of the job and not to get complacent in their role.

Here is a list of five strategies that will help a person keep their job:

  1. Always improve your work skills.
  2. Learn the politics of the office and try to stay neutral.  
  3. Understand the position you are placed in and if you have questions always ask.
  4. Try and meet the right people who can help you advance further in the company.
  5. Ask your manager or supervisor for feedback on your job performance and if there is anything negative, learn ways to improve.
3 0
3 years ago
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