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 73 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?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Male giraffe mounting a female. Only dominant males are generally able to mate. Male giraffe mounting a female. Only dominant males are generally able to mate.
In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri
Private Practice Massage Therapy Business Plan Private Practice Massage Therapy Business Plan
Private Practice Massage Therapy Business Plan Cont Private Practice Massage Therapy Business Plan Cont
Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman) Legal Environment of Business: Online Commerce, Ethics, and Global Issues (Cheeseman)
Business Mathematics, 15th Edition Business Mathematics, 15th Edition
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library