Answer:
Lake's operating income is $120000
Explanation:
Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.
The formula for operating income = Sales - Cost of Sales - operating expenses.
The operating expenses here, are = Advertising + Salaries + Utilities
Thus, operating expenses = 60000 + 55000 + 25000 = $140000
The Operating Income = 440000 - 180000 - 140000 = $120000
Answer:
Advertising.
Explanation:
Advertising increases costs of product. Customers have to pay high price for the products heavily advertised. Companies do not forgo their profits.
If the A/S upward sloping the the A/D curve will tend to the right leading to an increased demand for goods.
Answer and Explanation:
The adjustment should be as follows
Unearned Rent Revenue $47,400
To Rent Revenue $47,400
(Being recording of revenue earned is recorded)
Here unearned rent revenue is debited as it decreased the liabilities and the rent revenue is credited as it increased the revenue. Also liabilities and revenue contains the normal debit balance
The working is shown below:
= $71,100 × 8 months ÷ 12 months
= $47,400
The eight months are calculated from May 1 to December 31
The answer is "0.684".
we can calculate the reliability of the system by multiplying reliabilities of the<span> processing unit, graphics board, and keyboard
reliability of processing unit = 0.976
reliability of graphics board = 0.785
reliability of keyboard = 0.893
</span>reliability of the system = 0.976 x 0.785 x 0.893
= 0.684