Answer:
<em><u>The answer is</u></em>: <u>Net income.</u>
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Explanation:
Net income is a measure of the profitability of a company, or person. It is the income of an amount less the cost of goods sold, expenses, depreciation and amortization, interest and taxes for an accounting period.
<u>For households and individuals</u>, net income refers to gross income, less taxes and other deductions, for example, mandatory pension contributions. It is usually the basis for calculating how much income tax is owed.
<em><u>The answer is</u></em>: <u>Net income.</u>
Answer:
a. As the price of milk decreases, the quantity of milk demanded will increase.
Explanation:
According to the law of demand, if the price of a commodity is increasing than the quantity demanded of a commodity is decreased, and if the price of a commodity is decrease than the quantity demanded of a commodity is increased.
It means that it shows an inverse relationship between the price and the quantity demanded of a commodity.
In this, only two factors are changed, and the other factors are being constant
Answer:
The debit balance for the vehicles account was $20,000, and the credit balance of accumulated depreciation account was $18,000.
- Dr Vehicles account 20,000
- Cr Accumulated Depreciation Vehicles account 18,000
then the van was sold for $2,000
- Dr Cash account 2,000
- Cr vehicles account 2,000
Since the carrying value of the van was $2,000 (= $20,000 - $18,000) and the van was sold for $2,000, Patel had no gain or loss from this transaction.
Answer:
Bonita Industries's cost of goods sold for the year is $844,000
Explanation:
Beginning work in process inventory, $190000
Ending work in process inventory, $230000
Cost of goods manufactured, $866000
Beginning finished goods inventory, $252000
Ending finished goods inventory, $274000
Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured – Ending Finished Goods Inventory
Cost of Goods Sold = $252000 + $866000 - $274000
Cost of Goods Sold = $844000
*Beginning work in process inventory and Ending work in process inventory has already been dealt in cost of goods manufactured calculations.
Diane wants to invest $5,000 but she will not have an active role in the new business. (limited partnership) You prefer to work directly with customers, make decisions, and to do the actual website design. (limited partnership) You will be responsible for signing contracts on behalf of the new business.(limited partnership) Diane will not be liable for any debts.(limited partnership) Diane will not make business decisions and receive 30 percent of the profits. (limited partnership) You will receive 50 percent of the profits plus a small monthly fee for management services. (general partnership) Diane’s name will not be mentioned in any promotional materials about the business. (limited partnership)
<span>Diane will be the limited partner while you will be the general partner.</span>
