Business, 23.03.2020 21:09 neptunesx

Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2013, Z-Mart made installments sales of $300,000 and received payments of $135,000 on those sales. Z-Mart's gross profit margin is 30%.Prepare journal entries to record the sale, collection, and recognition of gross profit.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 15:00

What was involved in the american express bluework program? select one: a. employees are provided with opportunities for flexible arrangements b. a system that tracks the hours each employee works in a given day c. employees can work on tasks they choose, as long as they are in the office d. employees who are wary of newer technologies e. employees are provided with better office facilities so they stay in the office longer?

Answers: 3

Answer

Business, 21.06.2019 22:40

In allentown, pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68long dasha 22-cent increase from the year before. many consumers were upset by the increase. one was quoted in a local newspaper as saying, "it's crazy. the government should step in." source: sam kennedy, "valley feeling pain at the pump," (allentown, pa) morning call, june 21, 2014. suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. using the line drawing tool, draw and label the price ceiling. carefully follow the instructions above, and only draw the required object.

Answers: 3

Answer

Business, 22.06.2019 12:30

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Answers: 1

Answer

Business, 22.06.2019 21:30

The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was

Answers: 1

Answer

You know the right answer?

Z-Mart appropriately uses the installment sales method of accounting for its installment sales. Duri...

Questions