Selling inventory costing $93,000 for a selling price of $111,000 to customers on account (to be received at a later date) would require which of the following as part of the journal entry?
a. credit to gain on sale for $18,000
b. debit to cash for $111,000
c. debit to inventory for $93,000
d. debit to cogs for $93,000
Answers: 2
Business, 21.06.2019 16:10
Which one of the following is most apt to align management's priorities with shareholders' interests? compensating managers with shares of stock that must be held for a minimum of three years holding corporate and shareholder meetings at high-end resort-type locations preferred by managers increasing the number of paid holidays that long-term employees are entitled to receive allowing employees to retire early with full retirement benefits paying a special management bonus on every fifth year of employment
Answers: 1
Business, 22.06.2019 10:00
Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.
Answers: 1
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
Business, 22.06.2019 20:40
On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share
Answers: 3
Selling inventory costing $93,000 for a selling price of $111,000 to customers on account (to be rec...
Mathematics, 22.06.2021 19:20
Mathematics, 22.06.2021 19:20
English, 22.06.2021 19:20
Mathematics, 22.06.2021 19:20
Mathematics, 22.06.2021 19:20
English, 22.06.2021 19:20
History, 22.06.2021 19:20