Answer: See explanation
Explanation:
Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:
= $110,000 - (2% × $110,000)
= $110,000 - (0.02 × $110,000)
= $110,000 - $2200
= $107800
Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:
= $110,000 - (6% × $110,000)
= $110,000 - (0.06 × $110,000)
= $110,000 - $6600
= $103400
Contract outlining the terms under which a landlord agrees to rent property to a tenant :)
Answer:
b. the seller has legal title to the goods until they are delivered.
Explanation:
When the goods are in the transit and are shipped FOB destination, the title of the goods would be with the seller. If the goods are delivered, then the legal title would be transferred from the seller to the buyer. Until the goods are in transit, the legal title is with the seller itself.
Both the parties are eligible for the legal title. It can be either a buyer or seller depending upon the situations
Hence, the correct option is b and the rest options are wrong
Selma’s new balance will be $378.42. A paycheck also known as a pay check or pay cheque, is a paper document issued by an employer to pay an employee for services rendered. However, the physical paycheck is increasingly being replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.
Employees may still receive a pay slip detailing the final payment amount calculations. A salary statement, also known as a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes or is attached to the paycheck.
Each country has laws governing what information must be included on a payslip .
To learn more about paycheck, click here
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Answer:
d. financing activities section
Explanation:
cash investment made by the owner and their withdrawals will be in the financing activities section
On the financing activities, the accounting does a detail ofthe origin of funds which paid for the assets. These funds could be from owners or lenders.
Therefore, the equity transactions are included in the financing activities sections
From the owner point of view, it is an investment. But, we must remember that the owner and te company are different entities. For the company it is financiation
