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2 years ago

What is considered gross proceeds paid to an attorney.

Business

1 answer:

amid [387]2 years ago

4 0

Answer:

$600 or more paid to an attorney in the course of your trade or business for provided legal services.

Explanation:

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On June 5, a company purchases 280 units of inventory on account for $28 each. After closer examination, the company determines

fgiga [73]

Answer:

June 5, 202x, 280 units purchased on account

Dr Merchandise inventory 7,840

Cr Accounts payable 7,840

280 units x $28 per unit = $7,840

June 9, 202x, 30 defective units are returned

Dr Accounts payable 840

Cr Merchandise inventory 840

30 units returned, so accounts payable decreases by 30 x $28 = $840

June 16, 250 units sold on account

Dr Accounts receivable 12,750

Cr Sales revenue 12,750

Dr Cost of goods sold 7,000

Cr merchandise inventory 7,000

250 units sold at $51 = $12,750

COGS = 250 units x $28 = $7,000

7 0

3 years ago

Extra pairs of shoes and music downloads are examples of

s344n2d4d5 [400]

Answer:

These are examples of WANTS!

Explanation:

6 0

2 years ago

Read 2 more answers

When hope springs purchases refillable bottles for its water, it submits its orders directly from its computer system to its sup

Ipatiy [6.2K]

Answer:Electronic data interchange (EDI)

Explanation:

Because manual operation in business tend to cause sluggish processing of documents, Electronic data interchange (EDI) is adopted which is the use of standard electronic format to replaces paper-based documents like purchase orders or invoices, postal mail, fax so that business operations and recordings can flow straight through to the appropriate application.

Using a standard format like ANSI, EDIFACT etc for EDI documents is necessary so that computers in use understands each piece of information is and in what format it should document so as to pass relevant information to a receiver.

Because the exchange of EDI documents is typically between business partners, Electronic Data Interchange is important because it helps to eliminates manual data entry errors ,Streamline transaction processing leading to Increases productivity because it easier and more cost-effective since business do not require more staff.

6 0

2 years ago

Pera Inc. wishes to issue new bonds. These are 5-year bonds with semi-annual interest; $1,000 par value, and a yield to maturity

Gemiola [76]

Answer:

coupon rate= 13.5%

Explanation:

Giving the following information:

Number of periods= 5*2= 10 semesters

Par value= $1,000

YTM= 0.1/2 = 0.05

Price bond= $1,136

To calculate the coupon rate, first, we need to determine the coupon per semester using the following formula:

Bond Price= coupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

1,136 = coupon*{[1 - (1.05^-10)] / 0.05} + [1,000/(1.05^10)]

1,136 = coupon*7.722 + 613.91

522.09 = coupon*7.722

$67.61=coupon

Now, the coupon rate:

Coupon= par value*(coupon rate/2)

67.61= 1,000*(coupon rate/2)

67.61= 500coupon rate

0.135=coupon rate

coupon rate= 13.5%

5 0

2 years ago

The gini ratio for lifetime income is _______ the gini ratio for annual income.

o-na [289]

The Gini ratio for lifetime income is less than the Gini ratio for annual income.

4 0

3 years ago