Business, 20.10.2021 21:50 cindyc1103
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:
a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.
Answers: 2
Another question on Business
Business, 22.06.2019 21:40
Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery
Answers: 1
Business, 23.06.2019 01:30
Nba all-star baron davis and his school friend, cash warren, premiered their first movie "made in america" at the sundance festival in january 2008. the movie, based on gang activity in south central los angeles, received good reviews. source: the new york times, february 24, 2008 draw baron davis's ppf. label it ppfdavis. draw your own ppf. label it ppfmine.
Answers: 2
Business, 23.06.2019 07:30
Which of the following commission structures creates sales people who are highly motivated to close a sales,because their entire income depends on it?
Answers: 1
You know the right answer?
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rig...
Questions
Mathematics, 13.12.2019 17:31
History, 13.12.2019 17:31
Mathematics, 13.12.2019 17:31
Chemistry, 13.12.2019 17:31
Mathematics, 13.12.2019 17:31
Mathematics, 13.12.2019 17:31
History, 13.12.2019 17:31
Mathematics, 13.12.2019 17:31
Mathematics, 13.12.2019 17:31
