Record the adjusting entry for uncollectible accounts.
Calculate the effect on net income (before taxes) and total assets in 2024 for each method.

Record The Adjusting Entry For Uncollectible Accounts. Calculate The Effect On Net Income (before Taxes)

Answers

Answer 1

1. Recording the adjusting entry for uncollectible accounts on December 31 using the Percentage-of-receivables method of Suzuki Company is as follows:

Debit Bad Debts Expense $3,580

Credit Allowance for Uncollectible Accounts $3,580

To record the adjusting entry for uncollectible accounts.

2. Recording the adjusting entry for uncollectible accounts on December 31 using the Percentage-of-credit sales method of Suzuki Company is as follows:

Debit Bad Debts Expense $6,220

Credit Allowance for Uncollectible Accounts $6,220

To record the adjusting entry for uncollectible accounts.

3. The computation of the effect (reduction) on net income (before taxes) and total assets in 2024 for each method is as follows:

                                                               Net Income      Total Assets

Percentage-of-receivables method     -$3,580               -$4,680

Percentage-of-credit sales method     -$6,220              -$7,320

Data and Calculations:

Credit Sales for 2024 = $244,000

Accounts Receivable, December 31, 2024 = $39,000

Allowance for Uncollectible Accounts, December 31, 2024 = $1,100 (Credit)

1. Percentage-of-receivables method. Suzuki estimates 12% of receivables will not be collected.

Uncollectible Allowance = $4,680 ($39,000 x 12%)

Adjusting Entry:

Bad Debts Expense $3,580 Allowance for Uncollectible Accounts $3,580

2. Percentage-of-credit-sales method. Suzuki estimates 3% of credit sales will not be collected.

Uncollectible Allowance = $7,320 ($244,000 x 3%)

Adjusting Entry:

Bad Debts Expense $6,220

Allowance for Uncollectible Accounts $6,220

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Question Completion:

Suzuki Supply reports the following amounts at the end of 2024 (before adjustment).

Credit Sales for 2024 $244,000

Accounts Receivable, December 31, 2024 39,000

Allowance for Uncollectible Accounts, December 31, 2024 1,100 (Credit)

Required:

1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method. Suzuki estimates 12% of receivables will not be collected.

2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method. Suzuki estimates 3% of credit sales will not be collected.

3. Calculate the effect on net income (before taxes) and total assets in 2024 for each method.


Related Questions

Deductive arguments aim at

Answers

Deductive arguments aim at certainty, whereas inductive arguments aim at probability.

A deductive argument is a controversy this is intended by the arguer to be deductively legitimate, that is, to provide a guarantee of the fact of the realization furnished that the argument's premises are authentic. it is whilst you take two genuine statements, or premises, to shape a conclusion. Deductive reasoning is a logical technique in which you progress from general thoughts to specific conclusions.

A deductive argument is said to be valid if the premises logically lead to the belief. A deductive argument is said to be sound if it's far valid and has proper premises. the realization of a valid deductive argument is always genuine. A syllogism is a deductive argument with two premises. it is often contrasted with inductive reasoning, in which you begin with particular observations and shape general conclusions. Deductive reasoning is also called deductive good judgment or top-down reasoning.

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A company is hiring a new senior manager. Which best describes why they
would want her to take a leadership style test?
A. To be sure her leadership style will fit into the company
B. To assess her character and competence
C. To test for traits that predict criminal behavior
D. To be sure she has enough
leadership experience for the job.

Answers

Answer:

To be sure she has enough leadership experience for the job.

Explanation:

when a manger is join as a member to assist the company he or she should have an experience the job first.

What impact will increase consumer confidence have on equilibrium?

A. GDP will go up, unemployment will go up, and inflation will go up.
B. GDP will go up, unemployment will of down, and inflation will go up.
C. GDP will go down, unemployment will go up, and inflation will go down.
D. GDP will go down, unemployment will go down, and inflation will go down.

Answers

The impact that an increase in consumer confidence have on equilibrium is B. GDP will go up, unemployment will go go down, and inflation will go up.

What is consumer confidence?

Consumer confidence is a type of economic indicator that gauges how optimistic people are about both their individual financial conditions and the state of the economy as a whole.

An economic indicator is consumer confidence. It gauges consumers' level of assurance over the general health of the economy. It also gauges the degree of assurance people have in the steadiness of their income. Their level of confidence affects their financial choices, including their spending behavior.

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Using a fictional (yet realistic) product or service that you make up for a for-profit business, create a simple business plan by answering the three questions business owners must consider. (be specific and detailed.)

1. What good will you produce, or what service will you provide?

2. Describe how will it be produced/provided?

3. For whom (your target audience) should it be produced/provided? Be specific and detailed.

Answers

Answer:

option number 1

Explanation:

i think it's right

All of the following companies are prominent examples of data aggregators who
create digital dossiers by collecting public data and non-public data except:
1) Grubhub
2) Acxiom
3) LexisNexis
4) ChoicePoint

Answers

All of the following companies are prominent examples of data aggregators who

create digital dossiers by collecting public data and non-public data except option 1. Grubhub.

Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform. The company is located in Chicago, Illinois and was established in 2004. Grubhub is a subsidiary of the Dutch company. It is a fastfood company.

What is a digital dossiers?

A digital dossiers is a digital footprint. It is also known as a digital dossier. A digital dossiers is the body of data that exists as a result of actions and communications online that can in some how be traced back to an individual. Digital dossier can be broken down into active and passive data traces.

Therefore, the correct answer is option A. Grubhub.

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How does the total size of expenses in a third-party payer marketplace compared to the total size of expenses in a third-party payer marketplace?

Answers

The person receiving the goods and the person making the payment are different in third-party-payer markets.

What is considered a third-party marketplace?

Existing platforms known as third-party marketplaces enable vendors to list their goods or services for sale via the website or application of a third party.

The federal government offers Medicare, the largest third-party payer. Depending on what each portion covers, Medicare is divided into various parts. Medical coders must be aware of the rules that payers and governments must follow, as well as which insurance plans accept specific codes.

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Raquel’s beauty salon is a specialty salon because she only uses and sells completely vegan beauty products. Sarah also owns and operates a beauty salon not far from Raquel’s, but Sarah offers slightly different products and services than Raquel because she does not specifically focus on vegan products. Even though the two women offer slightly different products and services, they share a lot of the same clientele. What type of competition does this MOST likely represent? A. Indirect competition B. Substitute competition C. Equal competition D. Direct competition

Answers

This type of competition does this most likely represent Indirect competition.

Even when there is indirect rivalry, the goods and services could still meet the needs of the customer.

What is  Indirect competition?Indirect competition occurs when two or more companies pursue the same customer need in the same market while presenting various goods and services. For instance, cookies and chocolate are both sweets that can be substituted for one another, making them indirect rivals.You can considerably increase the breadth of your ideas and sources of inspiration by researching indirect competitors. The likelihood of discovering lucrative concepts or link opportunities that your direct competitors haven't yet pursued is significantly higher because they are targeting the same audience but in a somewhat different space.Companies that target the same client demographics as another company are considered indirect competitors. Although you and your indirect rivals provide distinct goods or services, you both fulfill the same client demand.In the sector of coffee shops, brands like Starbucks and Dunkin Donuts might be viewed as McDonald's direct competitors rather than vice versa.

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Exercise 1-17 (Algo) Reporting cash flows and determining effects Lo p2

For each transaction,(a) determine whether the transaction appears on the statement of cash flows under cash flows from operating activities, cash flows from investing activities ,or cash flows from financing activities, and (b) indicate whether the transaction is a cash outflow or inflow.

Answers

Depending on the type of transaction, cash flows are categorized as operating, investing, or financing activities on the statement of cash flows. These are the definitions for each of these three groups.

(1) Operating activities -

Cash-related net income activities are included in operating activities. For instance, because revenues and expenses are included in net income, operating activities include cash gained from the sale of goods (revenue) and cash spent on goods (expense).

(2) Investing activities -

Cash-related noncurrent asset activities are included in investing. Long-term investments, property, plant, and equipment, as well as the principal sum of loans to other companies, are examples of noncurrent assets. This category includes things like money received through the sale of land and money invested in another business.

(3) Financing activities -

Cash transactions involving owners' equity and noncurrent liabilities are considered financing activities. The principal amount of long-term debt, stock sales and repurchases, and dividend payments are examples of noncurrent liabilities and owners' equity items.

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Zachary Company reported the following data regarding the product it sells:


Sales price $48
Contribution margin ratio 25%
Fixed costs $336,000

Required

Use the contribution margin ratio approach and consider each requirement separately.


A. To obtain a profit of $48,000, what must the sales be in dollars? In units?

B. If the sales price increases to $60 and variable costs do not change, what is the new break-even point in dollars? In units?

Answers

13. MP Construct an Argument Explain how
you can mentally determine if the product
of 5.5 and 0.95

Describe the long-run impact of a decline in defense spending by 1 percent of GDP on interest rates and on consumption, investment, and net exports as a share of GDP. Consider the following case:

The funds saved from the defense cut are used to increase government expenditures on roads and bridges.

Select all that are true.

Responses

There is no effect.
There is no effect.

NG/Y* increases as the real interest rate declines.
NG/Y* increases as the real interest rate declines.

The increases in C/Y*, I/Y*, and X/Y* depend on the sensitivity of each to the interest rate.
The increases in C/Y*, I/Y* , and X/Y* depend on the sensitivity of each to the interest rate.

All of the variables increase as the real interest rate declines.

Answers

Answer:

The long-run impact of a decline in defense spending by 1 percent of GDP on interest rates and on consumption, investment, and net exports as a share of GDP would be an increase in NG/Y* as the real interest rate declines. The increases in C/Y*, I/Y*, and X/Y* would depend on the sensitivity of each to the interest rate. All of the variables would increase as the real interest rate declines.

Explanation:

Give me brainliest if that helped!

Laura explains to Ayla that she wants the new front desk employee to be cross-trained in order to expand collective skills and ensure team members have experience in other areas, especially as the business continues to grow. With this plan in place, Laura is confident in her decision to retire; she knows the business will be in good hands.

Select the option that is NOT a benefit of cross-training.

a.)
Team members can be given overlapping responsibilities, enabling duplication of effort.
b.)
Team members gain an improved understanding of the connections between roles.
c.)
The team becomes more flexible and agile.
d.)
Individual engagement level is improved, reducing the risk of boredom.

Answers

a.)Team members can be given overlapping responsibilities, enabling duplication of effort is NOT a benefit of cross-training.

The definition of a member is a part of a collection, device or entire. An instance of a member is the drummer in a band. An instance of a member is the toe on a foot.

A member of a group is one of the human beings, animals, or things belonging to that institution. He refused to call the individuals of workforce involved.

A member is one of the organisation's owners whose name has been entered at the register of participants. individuals delegate positive powers to the company's directors to run the corporation on their behalf.

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Mohammed owns a bakery. He makes bread and cakes. He employs three
workers who help him mix the dough for the bread and cakes, put the dough
into tins, bake the bread and cakes and serve customers. Mohammed has
calculated that the 'added value' of his business is low. His customers complain
when he tries to put up prices. 'We can buy the same bread and cakes at lower
prices' they tell him.
a) What is meant by 'added value'?
b) Mohammed has just bought a new oven. Explain 'opportunity cost' to
Mohammed.
c) Identify and explain two benefits to Mohammed's business of all of his
workers being able to do all of the jobs in the bakery.
d) Identify and explain two ways in which Mohammed could increase
the value added of his bakery business.
e) A friend told Mohammed 'Your business would be more successful if
you only served in the shop and let your workers make the bread and
cakes'. Do you agree? Justify your answer.

Answers

Mohammed just purchased a brand-new oven. To Mohammed, elucidate "potential cost.

What is opportunity cost and how does it work?

The opportunity cost is the lost study time and money that could have been used for something else. A farmer decides to sow wheat; the opportunity cost is not doing so or using the resources in a different way (land and farm equipment). Instead of driving to work, a commuter rides the train.

What does opportunity cost mean in its simplest form?

The word "opportunity cost" in economics describes the worth of what you must forgo in order to chose something else.

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Assume you invest R100,000 at the start of year 1, calculate the total interest earned using the effective interest rate/ NACA over the 5-year period.

Answers

Effective Rate per Period:

I = 100000%

Effective Rate for 5 Periods:

It = 1.005010010005E+17%

Rate per Compounding Interval:

P = 100000%

What formula is used to calculate interest over a year?

To determine A, the Final Investment Value, using the simple interest calculation, use the following calculator: A is equal to P(1 + rt), where P is the principal sum of money to be invested, and rt is the number of time periods, and % represents the interest rate each period.

How can you figure out interest that has been accumulated over time?

Use the following formula to determine the interest earned on savings over a specific time period: Principal x Rate x Number of Periods equals interest.

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The interpersonal perspective on authentic leadership views leadership as

A). a leader's collection of life experiences

B). something that develops over a leader's lifetime

C). a skill set that is influenced by a leader's personality traits

D). emerging out of the interactions between leaders and followers

Help me ASAP!! Which one!

Answers

D).
Because interpersonal means between 2 or more people.

38). An out-group member would most likely be characterized by which type of behavior?

A). creative and innovative ideas

B). willingness to negotiate behaviors

C). desire to go beyond prescribed roles

D). strict adherence to role responsibilities

Which is correct?!

Answers

Creative and innovative ideas. They discovered that they could ride bikes without exerting any more effort when the motorcycle was invented because all they needed to do was click a switch, and it would start on its own. In this case, creativity refers to the idea of creating a new touring motorcycle, while innovation refers to its actual invention.

People strive to become more innovative and creative so they can observe the world from new perspectives and come up with ideas to change or add to it. They must be employed consciously in order to produce anything useful or genuine ideas because they are active traits.

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Smith company purchased machinery on January 1, 2020 for 72,000. The machinery is estimated to have a salvage value of 7,200 after a useful life of 8 years.

a. Compute 2020 depreciation expense using the sum-of-the-years-digits method.

b. assuming the machinery was purchased on April 1, 2020

Answers

a) The 2020 depreciation expense using the sum-of-the-years-digits method, 36 is $14,400.

b) Assuming the machinery was purchased on April 1, 2020, the 2020 depreciation expense is $10,800.

What is the sum-of-the-years-digits method?

The sum-of-the-years-digits method is one of the depreciation methods.

This method calculates the depreciation expense for the year by using the year's digit over the sum-of-the-years-digits.

The sum-of-the-years-digits method adds up the total of the years that the asset will be depreciated and uses it as the denominator to determine the depreciation rate.  Thereafter, the depreciation rate is multiplied by the year's digit to obtain the depreciation expense.

Data and Calculations:

Cost of machinery on January 1, 2020 = $72,000

Salvage value = $7,200

Depreciable amount = $64,800 ($72,000 - $7,200)

Estimated useful life = 8 years

Sum-of-the-years-digits method:

Depreciation rate = $1,800 ($64,800/36)

a) 2020 depreciation expense using the sum-of-the-years-digits method, 36 = $14,400 (8 x $1,800).

b) Assuming the machinery was purchased on April 1, 2020, the 2020 depreciation expense is $ $10,800 (8 x $1,800 x 9/12).

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Which symptom is characteristic of someone on a hallucinogenic drug?

Answers

Answer: Hello: distorted visual and auditory perceptions.) Hallucinogens are a diverse group of drugs that alter perception, thoughts, and feelings. They cause hallucinations, or sensations and images that seem real, but they are not and also, Loss of interest in enjoyable activities. Agitation. Mood swings. Social withdrawal.

Symptoms can include nightmarish hallucinations, extreme panic, paranoia and nausea. It is also possible to have a mixture of good and bad experiences in the one trip. Other unpleasant side effects can include: muscle spasms and loss of coordination.

Have a Great afternoon <3

A hallucinogenic drug user will typically exhibit altered reality perceptions, such as the ability to see, hear, or feel things that are not actually there.

In addition to making a person feel disassociated from their body and surroundings, hallucinogenic drugs can also result in hallucinations, an altered sense of reality, an elevated heart rate, decreased appetite, trouble sleeping, dry mouth, panic, sweating, problems with coordination, "spiritual" experiences, psychosis, mood swings, and nausea.

When using illegal drugs like amphetamines, cocaine, LSD, or ecstasy, people may have hallucinations.

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please provide answers after reading paragraph

Answers

When an employer (through a supervisor, manager, administrator, or directly) terminates an employee or otherwise takes adverse action against them for engaging in protected behavior, that is considered retaliation.

Rigid bureaucratic institutions encourage managers to act in revenge. Retaliation is also encouraged by organizations that do not promote a procedurally just environment. Managers who abuse power and retaliate when claims are made are more likely to be found in workplaces that promote an aggressive and bullying culture. Actions made by irate workers in retaliation for perceived unfairness at work are referred to as organizational retaliatory conduct. Basically, an employer's action is considered unlawful retaliation if it would discourage a reasonable individual from filing a complaint out of fear of repercussions. Retaliation may take the form of dismissal or refusal to hire you,  a wage cut, a demotion, or a reduction in the number of hours you work.Complete question: what could you do to reduce the risk of retaliation in a large organization?

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describel 2 faxtorswe should consider when evaulatingva argument​

Answers

Clarity and relevancy are two things to look at while analyzing an argument. Clarity is necessary so that we can correctly recognize each premise and the argument's conclusion.

What usually happens as the initial stage in examining an argument?

Establishing an inference connection is the initial stage in the evaluation of an argument. Asserting premise acceptance is the next stage. The first two things to consider are (1) Is this argument true? and (2) Is this argument sound or not?

Why is argument analysis crucial?

Analyzing and exercising critical thought are necessary to judge the validity of these claims. You will, nonetheless, be much more able to understand what the text is attempting to convey and whether you concur with it if you evaluate what you have read.

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In North America, keeping people waiting for a business appointment is considered rude.

Individualism
Context
Communication style
Time orientation

Answers

In North America, keeping people waiting for a business appointment is considered rude. North Americans consider time a precious commodity.

participants of low-context cultures, mainly North Americans, keeping human beings looking ahead to business appointments wastes time and is likewise impolite.

North Americans united states is a continent inside the Northern Hemisphere and almost totally in the Western Hemisphere. it's far bordered to the north through the Arctic Ocean, to the east with the aid of the Atlantic Ocean, to the southeast by way of South us and the Caribbean Sea,

The time period of North America refers back to the northern portion of the continent. It includes the world's biggest island Greenland and the sovereign states of Canada, America, and Mexico. approximately 498 million people stay in Northern America in 2019.

North America, the third-biggest continent, extends from the tiny Aleutian Islands in the northwest to the Isthmus of Panama in the south. The continent includes the good-sized island of Greenland in the northeast and the small island nations.

The North American continent of the Western Hemisphere extends northward from the Colombia-Panama border and consists of valuable us, Mexico, the islands of the Caribbean Sea, the united states, Canada, and Greenland.

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A meeting of the minds refers to

Answers

A meeting  of minds refers to an agreement between two or more parties where they promise to either do something, or not to do it.

What is a meeting of minds?

A meeting of minds refers to when two or more parties come together to make an arrangement regarding a subject of interest to all of them.

In this meeting of minds, an agreement is struck between the parties that defines their roles. This therefore means that all parties will promise to do certain things and to avoid others.

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When Panasonic improves the sound, clarity, and ease of operation offered by its
DVD player, it is

Answers

When Panasonic improves the sound, clarity, and ease of operation offered by its DVD player, it is redistributing its product.

What is the significance of redistribution of a product?

Redistribution of a product refers to the distribute of a product differently or again, typically to achieve greater social equality. It is the act of sharing the product differently from before, especially in a fairer way.

Redistribution allows the consumers to get the better quality product with the additional features and benefits.

Basically, redistribution of a product creates various alternative channel options for the consumer's disposition of unwanted possessions.

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Rosemont Tennis is planning for the coming year. Investors would like to earn a 12% return on the company's $25 million of assets. The company primarily incurs fixed costs to maintain the tennis courts. Fixed costs are projected to be $12,500,000 for the year. About 500,000 court time hours are expected to be played each year. Variable costs are about $5 per hour of court time.

A manager should always reject a special order if
*
1 point
the special order price is less than the regular sales price.
there is available excess capacity.
the special order price is less than the variable costs of the order.
the special order will require variable nonmanufacturing expenses.
When deciding whether to accept a special order, which of the following is irrelevant?
*
1 point
Fixed costs that will not be affected by the order
Available excess capacity
The variable costs associated with the special order
The effect of the order on regular sales

Answers

In most case, the manager should always reject a special order if the special order price is less than the variable costs of the order and as well; when deciding whether to accept a special order, the item that is irrelevant is the fixed costs that will not be affected by the order

What is a special order?

This refers to any customer order for goods or services that is not routinely handled by a business. As business has little experience with these orders, they will most probably has only a modest understanding of the costs that it will incur.

Therefore, the Option C and Option D are correct respectively.

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Annie's Fitness sells a set of free weights to a customer for which Annie's had paid $750. Which one of the following statements describes the most appropriate accounting for the transaction?

a) Debit cost of goods sold expense $750; credit cash $750

b) Debit inventory $750; credit cost of goods sold expense $750

c) Debit cost of goods sold expense $750; credit inventory $750

d) Debit inventory $750; credit accounts payable $750

Answers

The most appropriate accounting for the transaction for Annie's Fitness was c) Debit cost of goods sold expense $750; credit inventory $750

How should sales be treated?

When a company such as Annie's Fitness makes a sale, the revenue account is to be credited and the cash or accounts receivable account will be debited.

Another entry would have to do with the cost of goods sold which would be debited by the cost of the stock that the business just sold. Inventory would then be credited as double entry.

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The commissioner obtains a restraining order against a person who has violated an insurance law. The person continues the violation for 10 days. The person has to pay a fine of, how much?

Answers

Based on the fact that the person continued to violate the restraining order, the fine that the person has to pay is $0.00.

How much should the person pay?

When a restraining order is issued for insurance law, there is a period of 10 days that the fines would not take effect in.

This means that the person can keep committing the violation within those ten days without having to pay any fines so the amount this person will pay is $0.00.

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Explain the difference between ethics and morals and describe the relationship between the two

Answers

Explanation:

Ethics and morals relate to “right” and “wrong” conduct. While they are sometimes used interchangeably, they are different: ethics refer to rules provided by an external source, e.g., codes of conduct in workplaces or principles in religions. Morals refer to an individual's own principles regarding right and wrong.

Ethics and morality are concerned with "good" and "wrong" behavior. While the terms are frequently used interchangeably, they are not the same:

Ethics refer to regulations supplied by an external source, such as workplace standards of behavior or religious precepts.

Morals are an individual's own ideas of good and evil.

What are the similarities between ethics and morals?

Both phrases are used to denote a tight line between what acts are regarded good and what are considered evil.

Both ethics and morality work together to accelerate the learning of desirable behaviors. Both ideas may help anyone become a better person.

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In what ways does economic development initiatives impact the people, culture, and/or environment of a place if not handled carefully?

Answers

The environmental impact of economic growth consists of the multiplied intake of non-renewable sources, higher stages of pollution, international warming and the capability lack of environmental habitats. But, now not all forms of financial boom motive harm to the surroundings.

On common, cultures with a higher awareness of values recognized as an achievement orientation, relative to attention of values supported with a constrained excellent notion, enjoy extra rapid monetary boom. In countries wherein independence is emphasized in children's upbringing, the economic system will develop quicker.

Similarly to its intrinsic cost, lifestyle presents important social and financial advantages. With stepping forward mastering and health, increased tolerance, and possibilities to come back together with others, tradition complements our first-class of existence and will increase general nicely-being for each people and group.

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How have pensions changed? Why are 401K plans not working for all Americans?

Answers

In brand new staff, the 401k has largely replaced the traditional pension—Census researchers estimate that 79% of Americans now work for an enterprise that sponsors a 401k style retirement plan.

At the same time as the 401k is one of the quality to be had retirement saving alternatives for many people, simply forty one% of people make a contribution to one, in keeping with the U.S. Census Bureau. That is brilliant given the number of personnel who've get right of entry to to business enterprise-sponsored plans: 68% of employed people.

What's a 401k How does it work?

A 401k is a retirement savings and making an investment plan that employers provide. A 401k plan offers employees a tax ruin on money they make a contribution. Contributions are robotically withdrawn from employee paychecks and invested in budget of the employee's selecting (from a list of to be had services).

How tons money is typically in a 401k?

The average 401k balance is $129,157, in step with forefront's 2021 analysis of over 5 million plans. however the general public do not have that a great deal stored for retirement. The median 401k balance is considerably lower at $33,472, more reflective of ways most people keep for retirement.

What occurs to my 401k when I end?

After you go away your activity, there are several alternatives in your 401k. you will be capable of leave your account in which it's miles. instead, you can roll over the money from the old 401k into either your new organization's plan or an person retirement account (IRA).

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Based on what you know about Mark what advice can you offer him that will help him to save the farm?

Answers

Answer:

I don't know for sure but I think the answer is C because it seems like the most reasonable answer

Explanation:

Hope this helps:)......if not then sorry for wasting your time and may God bless you<3

The money left after production costs are subtracted from revenue is called?

Answers

Answer:

Gross Profit

Explanation:

"Gross profit is the income that is left after production costs have been subtracted from revenue, and helps investors determine how much profit a company earns from the production and sale of its products"

-Investopedia

Hope this helps! ;)

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