The Following Information Pertains to Results Obtained During the Month

question 12

Essay

The following information pertains to results obtained during the month of October 20X9 for Hawkins Hearing Center:
$\begin{array} { l l } \text { Sales Returns and Allowances } & \$ 21,001 \\\text { Grom Sales } & 720,000 \\\text { Cash Diecounts on Sales } & 15,000\end{array}$
Of the gross sales,$245,000 were sales made to customers who used their bank cards.The bank card company charged Hawkins Hearing Center a 3% fee.
Prepare the revenue section of the income statement for Hawkins Hearing Center for the month ended October 31,20X9.

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Definitions:

Hindsight Bias

A tendency to exaggerate the certainty of what could have been anticipated ahead of time.

Presidential Election

An electoral process in which citizens vote to elect an individual to serve as the head of the government or the state.

Availability Heuristic

A strategy in which one estimates the frequency or probability of an event by the ease with which mental operations, such as retrieval of examples and construction of examples, can be carried out.

Frequency

In general terms, it refers to how often something occurs within a specific interval or context, such as the number of repetitions of a wave per second in physics.