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Romashka-Z-Leto [24]
3 years ago
11

The following transactions occurred during July: Received $930 cash for services provided to a customer during July. Issued comm

on stock for $2,600 cash. Received $780 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $405. Borrowed $6,300 from the bank by signing a promissory note. Received $1,280 cash from a customer for services to be performed next year. What was the amount of revenue for July
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

the amount of revenue for the july month is $1,335

Explanation:

The computation of the amount of revenue for the july month is shown below:;

= Cash received from the service provided to the customer + provided the service to the customer on credit basis

= $930 + $405

= $1,335

Hence, the amount of revenue for the july month is $1,335

The same would be relevant

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35933

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4 years ago
Quickie Inc., a perfectly competitive firm, currently maximizes profit by producing 400 units of output. If its marginal cost is
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Answer:

economic profit = $2000

Explanation:

given data

currently maximizes profit = 400 units

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to find out

earning economic profit

solution

first we get here Total revenues that is express as

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