Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Ads First Search Engine, Inc. reported the following in its 2019, Form 10-K (in millions). Use the information to determine in which year, Ads First
Ads First Search Engine, Inc. reported the following in its 2019, Form 10-K (in millions). Use the information to determine in which year, Ads First reported a more significant R&D expenditure. 2019 $100,000 2018 $85,000 Revenues Research and development expense $14,000 $13,000 A) Because AD First spent 15.29% of revenue in 2018 versus 14.00% in 2019, R&D expenditures are more significant in 2018. B) Because AD First spent 13.87% of revenue in 2018 versus 14.00% in 2019, R&D expenditures are more significant in 2019. C) Because AD First spent only $13,000 million on R&D in 2018 versus $14,000 million in 2019, R&D expenditures are more significant in 2019. Question 10 (8.333 points) Assume KnightStrike, Inc. sells a jousting lance costing the company $250 to a customer for $400 on account. KnightStrike offers a right of return and expects returns to amount to 3% of sales. Due to this sale, the contra-revenue account of allowance for sales returns on a per unit basis will... A) reduce revenues by $12 B) reduce revenues by $7.50 OC) increase revenues by $7.50 D) increase revenues by $12
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started