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

Answer 1
I think that its either A or C

Related Questions

Identify and explain two ways in which managers could use information obtained in the income statement?

Answers

Answer:

An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period.

Explanation:

how is a marketing plan used by marketers to set up a business on a journey towards success?

Answers

A marketing plan is used to identify the target market for your product and how your business would be able to offer benefits to the market.

A well developed marketing plan helps the marketer to make sales easier in the business. If the marketer is able to sight and make targets for their supposed customers, they would be able to channel resources more wisely.

In conclusion a marketing plan can do the following:

Help to set goalsCreate motivation for the businessSet time and priorities straightHelps you target your customers.

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please help me asap!

Answers

I believe that a company does not pay for publicity.

the catalyst for the market revolution was a series of innovations in

Answers

The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.

The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.

The revolution brought about an explosive economic growth and new personal wealth in the country.

The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.

Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.

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Who made this website?

Answers

Answer:

Michal Borkowski, Tomasz Kraus, Lukasz Haluch

Explanation:

All of the following are advantages to the franchisor except a. fast and selective distribution of products. b. a freeing up of capital for expansion of goods and services. c. no involvement in national advertising campaigns. d. gains from the franchisee's high motivation. e. assurance of how the outlets will be maintained and operated.

Answers

The statement that does not explains advantages to the franchisor is B:no involvement in national advertising campaigns.

The franchisor can be regarded as the original or existing business which give out its name out on a price for other business to have the right to use the name and idea.

The franchisor then is responsible for continual guidance as well as  support as regards general business strategies.

One of the advantage of a franchisor is that they provide high motivation to the business under them.

Therefore, franchisor give out their name fir a price.

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can some one give me a crown I really want one 82 points if you do

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do you mean brainliest? of course look at my latest answer

Answer:

Um... I don't think that's how Brainly works. To get brainliest, You have to answer and have the person who asked the question give you brainliest.

why is the McDonald ice cream machine always broken?

Answers

Answer:

its broken again XD

Explanation:

But as the answer to this question

*DEEP DRAMATIC SIGH*

We may never know my dude hang in there!!!!

Erica is an administrative assistant for a company with more than three thousand employees. She needs to send insurance documents to each employee. Erica should _____. call each employee and ask them to pick up the documents at her desk use a digital ink pen to scan her handwritten notes from a meeting send an e-mail to all employees and attach the insurance documents create a presentation

Answers

Answer:

Send an e-mail to all employees

Explanation:

similarity between formal and informal employment​

Answers

Answer:

okay

can we be friends!

Explanation:

a $50,000 loan is to be amortized over 7 years, with annual end-of-year payments. which of these statements is correct?

Answers

Proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower.

Amortization is the process of gradually paying-off of debt through scheduled installments that include the component of principal and interest.

The amortization tables helps to keep track of amount owed and when payment is due.

The table also shows how much to be paid at required intervals (i.e. monthly, bi-monthly, quarterly etc)

As the repayment and period of payment increase, the outstanding debt keeps decreasing as well.

The rate of interest determines the amount of repayment to be made at each interval

Therefore, if the interest rate were lower, then, the repayment of principal would be lower as well.

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Final Review
Which of the following is not a type of discrimination?
A. Racial
B. Gender
C. Religious
D. Supervisor/Employee
Submit

Answers

Answer:

D: Supervisor/Employee

The correct option is D. Supervisor/Employee is not a type of discrimination.

Employers are not permitted to discriminate against job applicants on the basis of their race, color, religion, or sex. Unfair treatment or harassment can take many different forms, some of which include spreading false information about you. being unjust to you.

What is constructive discrimination?

Unfair treatment can occur when a regulation or practice mistakenly singles out a certain group of individuals. "Constructive" or "adverse effect" discrimination is the term used to describe this kind of inadvertent bias. As an illustration, one business mandates that all male employees have clean-shaven faces.

As it relates to policies, programs, employment, and services offered by any organization, systemic discrimination refers to the practices, routines, and organizational culture that, frequently without intention, result in less favorable outcomes for minority groups than for the majority of the population.

You must take action if your boss' actions and crude remarks pose a threat. Speak with the human resources division of the business. If nothing changes after that, you might even think about complaining about your supervisor and the business to the labor department in your state.

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If Frica Morrison a machine operator at Stanley Foundry, makes $513.66 a week and has 33 in FIT withheld, how many allowances has she claimed?

A 0
B 1
C 2
D 3​

Answers

Using the Single's Person Weekly payroll distribution , the number of allowances claimed by Frica Morrison will be 3.

Given that :

Weekly pay = $513.66Federal income tax withheld = 33

From the payroll table, Frica's weekly pay falls inbetween $510 - $520 ; checking along the row, we can see from the table(attached) that Federal income tax withheld of $33 falls under the 3 allowances claimed.

This means that for Frica to have $33 withheld from his weekly pay of $513.66, then he must have claimed 3 allowances.

Therefore, the Number of allowances claimed by Frica Morrison is 3.

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You were thrilled when your employer named you the new Southeast Asia manager and put you in charge of setting up the organization’s office there. But in only your second week at the new location, you encountered something unusual. A local government worker informed you that he would process your permit applications and other paperwork more quickly if you were willing to give him a cash payment, otherwise it may take up to 18 months to process them. Where you come from, that’s a bribe, which is both unethical and illegal. Your career is riding on this promotion, so what should you do?

Answers

Since your career is on the line, It is better you consult with your organization's ethics committee and act accordingly.

Bribery is simply known as an offence where an individual is offered or received of gifts or rewards. It can be in monetary or non monetary terms

Conclusively, Since my career and future is on the line, making a mistake of accepting of the bribe is never an option and also to avoid taking the wrong step, consulting the ethics committee will be the right thing to do.

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unlimited liability as it relates to sole proprietorships is the risk of loss of assets beyond the assets of the business.

Answers

The risk of loss of assets beyond the assets of the business is referred to as unlimited liability. It is one of the characteristics of a sole proprietorship.

A sole proprietorship is a form of business organisation is which only person owns the business.  

Characteristics of a sole proprietorship

it is owned by one personthe business has unlimited liability. It means that the owner of the business is liable to the liabilities her business.  the business usually lacks continuity. this type of business usually ceases to exist when the owner dies.

Advantages of sole proprietorship

It is easy to establish.  The business owner has complete control over the business.  

Disadvantages of sole proprietorship

The lifespan of the business is often limited to the lifespan of its owner. The owner has an unlimited liability.

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I need help with the Helmes case would anyone kindly help me with the answer for this question.

How can planning ensure that Hermès continues to meet its delivery targets in the future and at times when there is bad weather or high peak-demand?

Answers

Panning could ensure a safer environment for the turtles turtle queen julien mauahayhahahahahaha

which region gained the most from the exchanges of ideas and technologies facilitated by the mongol empire?

Answers

Answer:

europe

Explanation:

Explain the technique of making bamboo based handicrafts with an example.​

Answers

Answer:

Bamboo can be processed into thin strips or sheet materials for bamboo plaiting , commonly known as bamboo strips. The processing procedures of bamboo strips include selecting materials , sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering.

Explanation:

Example: •Bamboo furniture

•Bamboo toys

•Bamboo wind chimes

•Bamboo lamps and lanterns

•Bamboo placements and coasters

The technique bamboos are processed into thin strips or sheet materials for bamboo plaiting, known as bamboo strips and the processing procedures of bamboo strips include selecting materials, sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering. For example, bamboo furniture.

What is the process of making bamboo handicrafts?

The process of making bamboo handicrafts is given below. First, the bamboo is completely dried before use. The bamboo is segregated in the beginning according to the products that are going to be made. They are cut to the required sizes with the help of a bamboo sawing machine. The cut bamboo sticks are arranged for the products that have to be made.

The products are always made depending on the client’s orders. For example, to make a stool, bamboo is cut respectively into four sets to make the legs and eight sets of smaller lengths to connect the legs horizontally to get a firm hold of the four legs of the stool. A stool is something similar to that a chair but doesn’t hold a backrest.

A stool is a seat for a single person without any backrest.

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PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics

What is one strategy banks use to make sure people pay back their loans on
time?
A. Criminal prosecution for late payments
B. Increasing credit scores for late payments
C. Charging fees for late payments
D. Lowering interest rates for late payments

Answers

Answer:c

Explanation:because they would have to pay more over time

fob destination means that goods are owned by the buyer as soon as ______.

Answers

FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.

FOB Destination is an acronym for "Freight on Board" Destination

The FOB Destination is a marine term used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.

In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.

In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.

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why does a surplus exist under a binding price floor?

Answers

Answer:

it makes the price so low that the quantity demanded exceeds the quantity supplied on the legal market.

Which statements best explains how globalization offers an advantage to businesses

Answers

Answer:

Hello here's the answer!

Explanation:

A

C

D

E

your welcome! Brainliest if you liked the answer!

in which step of the l&d process do managers determine what skills employees should have after the process that they did not have before?

Answers

The learning and development process refers to the steps taken by the employers of labor to equip their employees with the knowledge they need to succeed. The stage in which managers determine what skills employees should have after analyzing the skills that they did not have before is;

The Training Needs Analysis or Skills Assessment stage

Before training employees on certain skills, there should be an evaluation of what they knew before.

When their present skills are determined, it becomes easy to identify the gaps and fill them in through training.

So, the Skills Assessment stage, which is the second stage after Role-based Competency Mapping is applicable.

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do you want high or low interest rate on loan/credit explain

Answers

Answer:

People with higher credit scores should qualify for loans at better rates.

Explanation:

If you have a credit score of 750, 36% interest rate would be a considered a higher interest rate -- but if your score is 580, this would likely be a very good interest rate based on your credit history.

Hope this helps! Have a great day my loves <3

o d
Of the following, which is NOT in the socio-economic category of managed trade?
a. Embargoes
O b. Countertrade
.
O
O O O
c. Ethics and safety
5.
O
O d. Export cartels
7.
O
O e. The infant industry argument
8.
o
9.
a
10.
o
11.
о
12.
O
13.
оо
14.

Answers

Answer:

D.

Explanation:

assume a linear demand curve. the demand curve intersects the price axis at $10. the price of the good is $2 and the quantity sold is 20. calculate the consumer surplus.

Answers

Answer:

80

Explanation:

You use the area of a triangle formula (1/2b*h). In this case the base would be 20 (quantity demanded) and the height would be 8 (10-2).

The consumer surplus is $80

The demand curve is a curve that shows the relationship between the quantity demanded and the price of a good. The demand curve is downward sloping because quantity demanded is negatively related to the price of the good.

Consumer surplus is the difference between the highest amount a consumer is willing to pay for the good and the price of the good. Looking at the attached image, the consumer surplus is represented by the triangle formed under the area of the demand curve.  

Consumer surplus can be determined by calculating the area of the triangle.

Area of a triangle = 0.5 x base x height

Base = 20 = quantity sold

Height = $10 - $2 = $8

Consumer surplus = 0.5 x 20 x $8 = $80

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by what date must taxes be filed in the united states?

Answers

Answer:

april 15

Explanation:

its a direct question the isnt an explanation

Which of the following is an example of an economic good?
a. Sunlight
b.Air Petrol
c.None of the above​

Answers

Answer:

A) sunlight

Explanation:

solar energy... reusable and efficient

please mark as brainliest

Answer:

Sunlight

Explanation:

Why is it important to have an organized business?​

Answers

Answer: According to "licenter.org" it states, "If your business is not properly organized, tasks can pile up, paperwork gets lost, and valuable time is spent on finding information that should be readily available. ... Getting organized can increase your productivity, ramp up your revenue, and cut down on your risks."

strayer partnered with top employers, business leaders, and recruiters to identify ________ that are critical to performing your best—not just in one field, but across all industries.

Answers

In the business environment, partnering with top employers, business leaders, and recruiters to identify skills that are critical to performing your best, across all industries is a relevant strategic advantage.

Through the knowledge and experience of great leaders and recruiters, a new organization is able to identify the skills needed for its employees to achieve the best performance.

Some of these skills might be:

Communication skills.

Good interpersonal relationship.

Creativity.

Proactivity.

The employee's skills will be essential for the formation of an organizational culture, which should be focused on cooperation, ethics, respect and employee appreciation, in order to achieve greater motivation and productivity.

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Other Questions
Purpose: Share an important event in your life that significantly changed you, your view about life, yourlife goals, or your character for the better.List possible topics. Consider important objects, special days, and high and low points as you brainstorm. A school bus travels 270 km in 6 hr. What is its average speed for the trip in km/hr? The table contains the planets in our solar system in order of their average distance from the Sun and their corresponding diameters. The first step in creating a model of the solar system is to scale these large diameters into smaller, more manageable numbers. Eventually, well represent these numbers using circles drawn on paper. MercuryVenusEarthMarsJupiterSaturnUranusNeptune Diameter (km)487912,10412,7566792142,984120,53651,11849,528 Scaled Diameter (cm) 3.51.9 The ratio between Earths actual diameter and its scaled diameter can be used to find the scaled diameter of the other planets. Earths diameter of 12,756 kilometers is scaled to 3.5 centimeters as shown in the table. Now lets find the scaled diameter of Mars as an example. Using the calculations shown, Marss diameter of 6,792 would be scaled to 1.9 centimeters. d 12,756 = 6,792 3.5 d = 1.9 cm Use this same process to complete the table with the scaled diameters of the other planets. Round each answer to the tenths place. If you need additional math help, visit the Proportions section of the Math Review. What role did geography play in the transitions between ruling groups Enter the ordered pair for the vertices for r (90, 0)(QRST). Evaluate the expression when a=-7 and b=5.-8b+a how old was michelangelo when he sculpted the pieta what is the justification for step 3 in the solution process (Plz help)Compare and contrast a high fat diet and a lot fat diet. Describe how each diet affects the human body. And give examples of food that apply to each diet. which of the following decimals has the greatest value 6.362 6.537 6.5 6.58 (8) We pour water into a pool. Suppose that w = The amount of water in the pool (in gallons) at time t(in minutes) Given the following table of values for t and w: t 0 5 10 15 20 w 100 125 130 140 155 find the average rate at which water was poured into the pool from 0 minutes to 10 minutes. Include units in your answer. Show how you get your answer. Jane started jogging home from 5 miles away, at a rate of 2 mph. Which equation in slope-intercept form represents Jane's distance from home? 3. A block is pushed with 30N of force this changes the velocity from 20m/s to30m/s, after 2 seconds. What is the mass? Can someone please help me with one of these problems? If you can do both, it'd be even better. Thanks! Impact of Cultural Globalization? Jose needs 6.2 lb of organic blueberries to make smoothies. Organic blueberries are on sale for $2.85 per pound. Jose estimates that he will need $12 to buy the 6.2 lb of blueberries. What is Joses error?1. Jose did not make an error. His estimate of $12 is correct.2. Jose incorrectly rounded $2.85 down to $2. The estimate should be $18.3. Jose incorrectly rounded 6.2 up to 7.4. Jose incorrectly multiplied 2 and 7. The estimate should be $14. Which compound inequality can be used to solve the inequality 3x+2>7 Jack and Mary are talking about a happy marriage.- Jack: In my opinion, a happy marriage should be based on love. - Mary: _____________A. Thank you very much. B. I definitely agree with you. C. Hello. How are you? D. You are welcomed. PPPPPPPPPPPPlease help me Pls Answer This Ill Rate 3 stars and giva a thanks if u answer and btw this is a 15 point questions PLS ANSWER I BEG