Name one special feature on edmentum ??

The Ryan Express, provider of tax services, starts operations on 1/1/17. Now that the company has been in business for more than

DerKrebs [107]

Answer:

cash 1,000,000 debit

Common Stock 1,000,000 credit

account receivables 500,000 debit

Accounts payable 500,000 credit

salaries expense 125,000 debit

rent expense 75,000 debit

cash 200,000 credit

supplies 25,000 debit

Accounts payable 25,000 credit

Cash 400,000 debit

Service revenue 400,000 credit

Explanation:

We reocrd the entries among the joural considering debit = credit

4 0

3 years ago

If a radio station holds an online contest in which you must log in to its website and submit personal details such as name, pho

Agata [3.3K]

Answer: has offered an exchange

Explanation: In the given case, the radio station has been organizing a contest, thus, whoever win such contest will receive something in return. Thus, we can conclude that the registration formalities fixed by the radio station is an offer for exchange.

As in an offer of exchange process, both the parties on different ends receive something.

4 0

4 years ago

You and your best friend have decided to start a small coffee shop together while in college. Though you have been friends since

Sedbober [7]

Answer: It is important to establish limits through the partnership agreement, because by trust there could be disagreements in the future, some ideas for this agreement are the following:

I. The dividends resulting from the coffee shop profits must be distributed equally and will correspond to the amount resulting from discounting sales less costs and expenses.

II. Personal loans will not be allowed to the owners with the money taken from the coffee shop box.

III. It will not be allowed to consume the products of the coffee shop without paying what corresponds.

IV. Both owners will have the same rights to perform the duties of a manager.

3 0

3 years ago

What is millennial behaviour regarding cooking and food trends?

aniked [119]

In considering healthy eating, their report also indicates that millennials have primary importance in transparency around ingredients with 36% wanting to know if products are Australian-owned and grown, followed by whether they are locally grown (31%) and whether products have no additives or preservatives (24%).

8 0

2 years ago

Fill in the missing amounts.

Marrrta [24]

Answer:

Find my analysis below

Explanation:

The gross profit rate is the portion of net sales earned as gross profit prior to considering operating expenses as indicated by the formula below:

gross profit rate=gross profit/net sales

The profit margin measures the net income as a percentage of net sales

profit margin=net income/net sales

Crane company Sheridan company

Sales revenue $94,200 $103,000

sales returns and allowance $14,000 $3,000

Net sales $80,200 $100,000

cost of goods sold $54,200 $50,000

Gross profit $26,000 $50,000

Operating expenses $14,700 $34,400

Net income $11,300 $15,600

Gross profit rate=gross profit /net sales 32.4% 50.0%

Profit margin=net income/net sales 14.1% 15.6%

Crane company Sheridan company

Sales revenue 94200 =F5+F4

sales returns and allowance =E3-E5 3000

Net sales 80200 100000

cost of goods sold 54200 =F5-F7

Gross profit =E5-E6 50000

Operating expenses 14700 =F7-F9

Net income =E7-E8 15600

Gross profit rate=gross profit /net sales =E7/E5 =F7/F5

Profit margin=net income/net sales =E9/E5 =F9/F5

7 0

3 years ago