Which of the following should not be called Sales? (A) Office fixtures sold (B) Goods sold on
Question:
Which of the following should not be called ‘Sales’?
(A) Office fixtures sold
(B) Goods sold on credit
(C) Goods sold for cash
(D) Sale of item previously included in ‘Purchases’
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
The option that should not be called Sales is D Sale of item previously included in Purchases Sale...View the full answer
Answered By
ROXAN VEGA
I have extensive hands-on experience and proficiency in assisting students in various subjects. During my tutoring sessions, I prioritize creating a supportive and engaging learning environment. I strive to understand each student's unique learning style and tailor my teaching methods accordingly. I am patient, empathetic, and skilled at breaking down complex concepts into simpler, more manageable parts. I encourage active participation and discussion, promoting critical thinking and problem-solving skills.
One of my strengths as a tutor is my ability to adapt to different learning needs and styles. I can explain difficult concepts using real-life examples, visual aids, or interactive exercises, depending on what works best for the student. I also provide clear explanations, answer questions, and offer guidance in a clear and concise manner.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...
-
1) What is the initial default date for transactions when a company data file is opened? a. The source document date b. The current computer dates c. The date of the last transaction entered d. The...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Midland Corporation has a net income of $19 million and 4 million shares outstanding. Its common stock is currently selling for $48 per share. Midland plans to sell common stock to set up a major new...
-
McWherter Instruments sold $400 million of 8% bonds, dated January 1, on January 1, 2011. The bonds mature on December 31, 2030 (20 years). For bonds of similar risk and maturity, the market yield...
-
Sales of a product may depend on its placement in a store. Candy manufacturers frequently offer discounts to retailers who display their products more prominently than competing brands. To examine...
-
A negatively charged particle is at rest in a region where a uniform magnetic field points in the positive \(x\) direction and a uniform electric field points in the positive \(y\) direction. What is...
-
(Stock Dividends) Kulikowski Inc., a client, is considering the authorization of a 10% common stock dividend to common stockholders. The financial vice president of Kulikowski wishes to discuss the...
-
The Power of Trade and Comparative Advantage: Work It Out 3 ? Here's another specialization and exchange problem. This problem is wholly made-up, ? so that you won't be able to use your intuition...
-
What makes information useful?
-
Which of the following best describes the meaning of Purchases? (A) Items bought (B) Goods bought on credit (C) Goods bought for resale (D) Goods paid for
-
Is munitions supply chain management unique, and if so, why? Or, is it similar to the management of any supply chains? Explain your positions.
-
f(x) = (7x)5, find f(x).
-
Employment law is made more complex because the federal government is not alone in regulating in this area -- all 50 states have their own employment laws. In the area of discrimination law in...
-
a= b= a= b= Consider the function f(z) = 5z + az + bz 2 where z = C, and a, b = R. If z - + is a solution to f(z) = 0, determine the values of a and b. QUESTION 2 Consider z, w = C where z = a cis...
-
Answer the following absorption costing questions: Question Which costs are included as product costs? Which costs are included as period costs? Absorption Costing
-
What primary source of United States law involves the previous decisions of courts to serve as precedent that provide guidance as to how the law has been interpreted in the past and the likelihood of...
-
How is buying a car like and unlike vertical integration decisions?
-
Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...
-
Richard Toms has agreed to purchase the business of Norman Soul with effect from 1 August 2017. Souls budgeted working capital at 1 August 2017 is as follows: In addition to paying Soul for the...
-
Using detailed examples, write a report explaining the differences between a cash budget, a cash flow forecast, and a statement of cash flows.
-
Moray Ferries Ltd own a single ship which provides a short sea ferry service for passengers, private vehicles and commercial traffic. The present ship is nearing the end of its useful life and the...
-
Given the following dataset and assuming the following: There is a linear relationship between x (input) and y (output) values, and accordingly, a decision was made to use linear regression as a...
-
Zofia is self-employed, files a Schedule C, and owns a qualified business for calculation of QBI. Zofia had $80,000 in taxable business income on Schedule C. On 10/30/2022, Zofia sold some office...
-
On December 31, 2022, Akron, Incorporated, purchased 5 percent of Zip Company's common shares on the open market in exchange for $15,700. On December 31, 2023, Akron, Incorporated, acquires an...
Study smarter with the SolutionInn App