How moch gross profis should the recgied om this peoject in 2018 850 000 A. $592.000 B. $212.000 C. SO D. $2.960.00 E. None of the ahove 17.On Seplember 30, 2018,Feguson mponts lessed a warchoune. Tenms of te lease neqire Fo make 15 annual lease payments of $62,000 with the fint pyment duc immedinely Acco hefone the first payment is madetTime val of money tabies can be found at the A. 5513.408 B $480,804 C. $395,274 D. $393228 E. None of the above 18. During 2018, its first year of operations, Hollis I Indusitries necorded sales of $10,400,000 and old totaled $6.760,000. The company experienced retums of $700,000 Cost of goods s 8% of all will be returned. Hew much will Hollis repon as ales on B. $10,400,000 C $9,700,000 D. $3,640,000 E. None of the above 19. The following information relatcs to a company's accounts receivable: accounts receivable balance at 39,000 (credit balance); credit sales during the year, $1,950,000 accounts receivable writen off during the year, $30,000; cash collections from customers, $2,100,000. Assuming the company the beginning of the year, $500,000, allowance for uncollectible accounts at the beginming of the year. estimates that future bad debts will equal i i% of the yearend balance in accounts teemble. calculate had debt expense for the year. A. $35,200 B. $26.200 C $50,000 D. $9,000 E. None of the above How moch gross profis should the recgied om this peoject in 2018 850 000 A. $592.000 B. $212.000 C. SO D. $2.960.00 E. None of the ahove 17.On Seplember 30, 2018,Feguson mponts lessed a warchoune. Tenms of te lease neqire Fo make 15 annual lease payments of $62,000 with the fint pyment duc immedinely Acco hefone the first payment is madetTime val of money tabies can be found at the A. 5513.408 B $480,804 C. $395,274 D. $393228 E. None of the above 18. During 2018, its first year of operations, Hollis I Indusitries necorded sales of $10,400,000 and old totaled $6.760,000. The company experienced retums of $700,000 Cost of goods s 8% of all will be returned. Hew much will Hollis repon as ales on B. $10,400,000 C $9,700,000 D. $3,640,000 E. None of the above 19. The following information relatcs to a company's accounts receivable: accounts receivable balance at 39,000 (credit balance); credit sales during the year, $1,950,000 accounts receivable writen off during the year, $30,000; cash collections from customers, $2,100,000. Assuming the company the beginning of the year, $500,000, allowance for uncollectible accounts at the beginming of the year. estimates that future bad debts will equal i i% of the yearend balance in accounts teemble. calculate had debt expense for the year. A. $35,200 B. $26.200 C $50,000 D. $9,000 E. None of the above
