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Marat540 [252]
3 years ago
10

Home Corporation will open a new store on January 1. Based on experience from its other retail outlets, Home Corporation is maki

ng the following sales projections: Cash Sales Credit Sales January $60,000 $40,000 February $30,000 $50,000 March $40,000 $60,000 April $40,000 $80,000 Home Corporation estimates that 70% of the credit sales will be collected in the month following the month of sale, with the balance collected in the second month following the month of sale. Based on these data, the balance in accounts receivable on January 31 will be:
Business
1 answer:
kiruha [24]3 years ago
4 0

Answer:

$95,850

Explanation:

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Pina Company has the following two temporary differences between its income tax expense and income taxes payable.
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multiply ur answer by 0.2 if you want to solve for the income tax rate

Explanation:

6 0
3 years ago
From the perspective of the parent corporation, contrast the tax consequences of a subsidiary liquidation under the general nonr
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Answer:

Section 338 allows the corporation to purchase stock and retain the basis of assets. It also allows adjusting the basis for the assets. Under section 338 the, if the corporation sold its assets, the transactions related to sale will be subjected to double tax. Whereas, if the corporation cause liquidation for the target asset's and then undergo for a sale is subjected to single tax.  

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3 years ago
Which of the following processes is responsible for releasing the energy captured during photosynthesis? Select one: a. Eliminat
almond37 [142]

<u>Answer:</u> The correct answer is Option b.

<u>Explanation:</u>

Photosynthesis reaction is defined as the process in which plants make their own food with the help of carbon dioxide and water in the presence of sunlight. The energy is captured in the form of ATP during this process.

For the given options:

  • <u>Option a:</u> Elimination

Elimination reactions are defined as the reactions in which a kind of atoms or groups of atoms leave the molecule. This process is not seen in photosynthesis reaction.

  • <u>Option b:</u> Cellular respiration

Chemical energy stored in food is the source of the energy that is required to regenerate ATP. The process in which energy is released from food by a series of enzyme-controlled reactions is called cellular respiration.

  • <u>Option c:</u> Absorption

Absorption is defined as the process which involves a reaction between the substance being absorbed and the absorbing medium.

  • <u>Option d:</u> Digestion

Digestion is defined as the process by which complex food molecules are broken down into simple molecules that can be absorbed by the body for nutrition.

  • <u>Option e:</u> Transpiration

Transpiration is defined as the process where plants absorb water through their roots and then give off water vapor through the pores from their leaves.

From the above information, the correct answer is Option b.

5 0
3 years ago
ou open a business selling art supplies and lessons. In your first month, you had the following total sales: $4,000 in paint, $2
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8,400 is your answer all you have to do is add the 4 sales and subtract the discounts and the returns 
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3 years ago
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the answer is none of these

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