Business, 27.11.2019 23:31 enriquecastillo1196
On december 15, 2016, rigsby sales co. sold a tract of land that cost $3,500,000 for $5,000,000. rigsby appropriately uses the installment sales method of accounting for this transaction. terms called for a down payment of $420,000 with the balance in two equal annual installments payable on december 15, 2017, and december 15, 2018. ignore interest charges, rigsby has a december 31 year-end.
in its december 31, 2016. balance sheet, rigsby would report:
a. installment receivables (net) of $3,206,000
b. deferred gross profit of $126,000.
c. installment receivables (net) of $4,580,000
d. realized gross profit of $126,000.
Answers: 2
Business, 22.06.2019 01:20
Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.
Answers: 1
Business, 22.06.2019 08:00
Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit
Answers: 2
Business, 22.06.2019 09:00
Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.
Answers: 1
Business, 22.06.2019 11:10
An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value
Answers: 2
On december 15, 2016, rigsby sales co. sold a tract of land that cost $3,500,000 for $5,000,000. rig...
Mathematics, 05.10.2019 13:20
Mathematics, 05.10.2019 13:20
Biology, 05.10.2019 13:20
Biology, 05.10.2019 13:20
History, 05.10.2019 13:20
Social Studies, 05.10.2019 13:20
Mathematics, 05.10.2019 13:20