This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Generally, the revenue account for a merchandising business is entitled a. Sales b. Fees Earned ... (Read 23 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jul 5, 2018
Generally, the revenue account for a merchandising business is entitled
 a. Sales
  b. Fees Earned
  c. Gross Sales
  d. Gross Profit

Question 2

Team Shirts, Inc. had the following balances on its balance sheet:
 
  Assets Liabilities
  December 31, 2011 300,000 250,000
  December 31, 2012 400,000 320,000
 
  During 2012, Team Shirts had revenues of 500,000 and expenses of 420,000. No new stock was issued. The amount of dividends for 2012 was ________.
  A) 130,000
  B) 50,000
  C) 10,000
  D) 80,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

B


lbcchick

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 5, 2018
Correct answers!


vkodali

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Aquatic microclimates: aquatic environments generally show less temperature variation compared to te Aquatic microclimates: aquatic environments generally show less temperature variation compared to te
This iconic photograph by Dorothea Lange, entitled “Migrant Mother,” has become a famous ... This iconic photograph by Dorothea Lange, entitled “Migrant Mother,” has become a famous ...
Sample of a business card design. Sample of a business card design.
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Business Mathematics in Canada, 11e (Jerome, Worswick) Business Mathematics in Canada, 11e (Jerome, Worswick)
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library