Identify the possessive pronoun in the following sentence: "I love my new computer!"

What is the impact on the accounting equation when an accounts receivable is collected?

Alinara [238K]

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Answer for your question!

Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.

5 0

3 years ago

During 2014, carlita's competitor farside had double the sales of carlita, but it also earned a gross margin of $30,000. what wa

Olegator [25]

The gross margin percentage is 12.5%.

Gross income is revenue much less the charges of products bought. Gross profit and gross margin are on occasion used interchangeably. in the meantime, gross margin and gross profit margin also are used interchangeably, Gross profit margin takes the gross income (sales much less value of goods bought) and divides it via sales.

Gross margin is revenue minus the price of goods bought (COGS). Gross margin is now and again used to refer to gross income margin, that's revenue minus price of goods bought (or gross income) divided by means of revenue.

Gross margin equates to internet sales minus the fee of products offered. The gross margin indicates the amount of profit made earlier than deducting promoting, standard, and administrative (SG&A) fees. Gross margin can also be called gross profit margin, that's gross profit divided via net sales.

Farside's sales = (Sales of Carlita * 2) = $120,000*2 = $240,000.

Farside's gross margin percentage

= (Gross margin / Sales) * 100

= ($30,000 / $240,000) * 100

= 12.5%

Learn more about gross margin here: brainly.com/question/8189926

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6 0

2 years ago

The graph shows a production possibilities curve for a company. Which area

egoroff_w [7]

Answer:it’s d

Explanation:

3 0

3 years ago

Read 2 more answers

On December 31, 2020, Vaughn Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Vaug

Alinara [238K]

Answer:

1. 31 Dec

Dr Notes receivable $261,600

Dr Discount on notes receivable $45,401

Cr Sales revenue $216,199

B. 31-Dec

Dr Discount on notes receivable $21,619.9

Cr Interest revenue $21,619.9

C. Dec-31

Dr Discount on notes receivable $23,781.1

interest revenue $23,781.1

Dr Cash $261,600

Cr Notes receivable $261,600

Explanation:

A. Preparation of the journal entry to record the transaction of December 31, 2015, for the Ed Abbey Co

December 31, 2015

Dr Notes receivable $261,600

Dr Discount on notes receivable $45,401

($261,600-$216,199)

Cr Sales revenue $216,199

Computation of present value of note

PV of $261,600 due in 2 years at 10%

$261,600*.82645 = $216,199

B. Preparation of the journal entry for December 31, 2016

31-Dec

Dr Discount on notes receivable $21,619.9

[10%*$216,199]

Cr Interest revenue $21,619.9

C. Preparation of the journal entry for December 31, 2017

Dec-31

Dr Discount on notes receivable $23,781.1

interest revenue $23,781.1

($45,401-$21,619.9 )

Dr Cash $261,600

Cr Notes receivable $261,600

3 0

3 years ago

True or false: Partnerships are less likely to survive than sole proprietorships. True false question.

Irina-Kira [14]

Answer:

true

Explanation:

3 0

2 years ago