A company has sales of $718,800 and cost of goods sold of $287,800. Its gross profit equals:
A. $431,000.
B. $(431,000).
C. $718,800.
D. $1,006,600.
E. $287,800.
Answer: A
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At December 31 of the current year, a company reported the following: Total sales for the current year: $980,000 includes $160,000 in cash salesAccounts receivable balance at Dec. 31, end of current year: $160,000Allowance for Doubtful Accounts balance at January 1, beginning of current year: $7,300Bad debts written off during the current year: $5,800.Prepare the necessary adjusting entries to record bad debts expense assuming this company's bad debts are estimated to equal 1.5% of credit sales:
What will be an ideal response?
Customers who have the ability to approve large scale purchases are called which of the following?
a. recommenders b. economic buyers c. decision makers d. end users
The ability to transmit in two directions simultaneously is ________
A) parallel communication B) full-duplex communication C) both A and B D) neither A nor B