What the gross receipt

Assignment Help Accounting Basics
Reference no: EM132932781

Question - EXO Service Corporation provides 20% discount for senior citizen. it recorded the following during the year:

Receipts 8,000,000

Regular Sen. Citizen 1,000,000

Total 9,000,000

Cost of services 5,000,000

Other expense 2,000,000

Required - What the gross receipt?

Reference no: EM132932781

Questions Cloud

Compute investment balance : P recoded income 25000 JD and 10000 dividends. Investment balance on (31/12/2019 or 1/1/2020) is 200000 JD. Compute investment balance on 1/1/2018.
What responsibility does the regulator epa : What responsibility does the regulator EPA has in the Volkswagen 2015 emission scandal in the USA? To what extent can blame be put on the EPA?
Possible reasons for the truth only being uncovered in 2015 : Given that the cheating had begun in 2007, what are the possible reasons for the truth only being uncovered in 2015?
Evaluate volkswagen position on the environment : Critically evaluate Volkswagen's position on the environment in the light of the key sustainability concept of profits versus people.
What the gross receipt : EXO Service Corporation provides 20% discount for senior citizen. it recorded the following during the year: What the gross receipt
Corporate governance to prevent a similar crisis : Going forward, how can Volkswagen improve its corporate governance to prevent a similar crisis such as the 2015 emission scandal from recurring?
Explain the exploiting venture of black panther : Explain the exploiting venture of black panther. Explain the benefit and learning from the innovation case.
Effective team communication and collaboration : When collaborating as a team in a healthcare organization Who are some people or roles you would depend onto accomplish your job?
Communication and collaboration in health care career : Describe when you were expected to work as part of a team. What successes and challenges associated did you faced with in collaboration on the project?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd