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xxMikexx [17]
2 years ago
9

A company had sales revenue of $900,000 for the year. In addition, the following information is available related to the cost of

the units sold: Total purchase cost $ 480,000 Freight charges 10,000 Purchase discounts 25,000 Purchase returns 50,000 Operating expenses 200,000 For what amount would the company report gross profit
Business
1 answer:
Y_Kistochka [10]2 years ago
7 0
I uploaded the answer
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Yuki888 [10]

Answer:

hold Chance but not the company liable

Explanation:

In this scenario Chance is an independent contractor so his actions are not representative of the companie's.

When an independent contractor causes damages while working the company will not be held liable for his negligence.

So in this scenario where Chance negligently runs a stop sign and causes an accident and Judy is injured. Only Chance is liable

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3 years ago
During December, Far West Services makes a $1,600 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
vredina [299]

Answer:

Account Receivables 1,736 debit

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Explanation:

The company will charge to the 1,600 sale the sales tax :

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the salestax is levied in the consumer not the firm thus it is not an expense the company is just an intermediary between the government and the consumer.

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3 years ago
A partnership is a form of corporation.<br> True or False?
Oksanka [162]
No, the answer is False
6 0
2 years ago
Which statement would be MOST important to include in a summary of the section "Karl Marx"? Marx theorized that capitalists woul
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The most important claim about Karl Marx would be the theorizing that capitalists would try to get more work from people for less pay.

<h3 /><h3>Who was Karl Marx?</h3>

He was a German philosopher who developed the foundations of communism, a system that criticized capitalism and its doctrines. His most prominent theories are about the transition to communism, the class struggle, the Marxist theory of ideology and surplus value.

Therefore, the correct option for the question refers to surplus value, which was defined for Karl Marx as the difference between the value of the work produced by employees and their salary paid. For him, the surplus value is the work produced and not paid, being a condition of exploration of the capitalist system.

Find out more about Karl Marx here:

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Except:
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