A business must write off an irrecoverable debt of $3,000.What is the journal entry to record this in the nominal ledger? A: Debit Trade receivables $3 ,000; Credit Sales $3,000 B: Debit Sales $3,000; Credit Trade receivables $3 ,000 C: Debit Irrecoverable debt expense $3,000; Credit Trade receivables $3,000 D: Debit Trade receivables $3,000; Credit Sales $3,000

The following extracts are available from a company's financial statements ($). 20X9 20X8 ’000 ’000Sales 60,000 90,000Gross profit 32,000 35,000Net profit 21,000 18,000Capital employed 50,000 40,000Calculate the asset turnover for both 20X9 and 20X8 to two decimal places.20X9: __________ ____% 20X8: __________ ____%

ABC Company sells three products: Product A has a contribution to sales ratio of 15% Product B has a contribution to sales ratio of 60% Product C has a contribution to sales ratio of 30%Annual fixed costs are $180,000. If the products are sold in the ratio as follows: Product A: 6 Product B: 4 Product C: 5What is the annual breakeven sales revenue to the nearest $000? A: $300,000. B: $360,000. C: $514,000. D: $562,000.

"The sales ascend" means___? A: The sales increases. B: The sales stablize. C: The sales plummet. D: The sales drop.

International sales intensity is the Amount of international sales divided by ( )of the company.（ ） A: Total sales B: Domestic sales C: Service sales D: Abroad sales

Net sales is calculated by A: subtracting cost of sales from sales. B: subtracting sales returns and sales discounts from sales. C: subtracting sales returns, cost of sales, and sales discounts from sales. D: subtracting gross profit from sales.

Gross profit is calculated as: A: Total sales - cost of sales - selling, general and administrative expenses - depreciation and amortization B: Total sales - cost of sales - selling, general and administrative expenses C: Total sales - cost of sales D: None of the above

A business is registered for sales tax. The sales tax rate is 20%.Sales (including sales tax) for the period are $37,200 and purchases (excluding sales tax) are $19,600.What is the balance on the sales tax control account? A: $3,920 B: $6,200 C: $3,760 D: $2,280

Alfred is registered for sales tax. He makes sales of $25,000 including sales tax and purchases goods for $7,000 excluding sales tax. The opening balance on the sales tax account was $500 credit. Sales tax is 20%.What is the closing balance on the sales tax account? A: $3,600 B: $3,000 C: $2,267 D: $3,267

The sales contract is __________ formal than the sales confirmation.