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Salsk061 [2.6K]
2 years ago
7

INCOME STATEMENT Evaluation

Business
1 answer:
rjkz [21]2 years ago
3 0

The income statement net income is $2,540.

<h3>Income statement</h3>

Income statement for Woburn Landscaping Co. for the year ended December 31, 2020

Revenue:

Landscaping Revenue $13,100

Plant Sales $3,900

Total revenue $17,000

Expenses:

Salaries Expense $5,050

Hydro Expense $1,150

Repair Expense $980

Rent Expense $4,200

Internet Expense $1,020

Advertising Expense $1,770

Supplies Expense $250

General Expense $40

Total expenses $14,460

Net income $2,540

($17,000-$14,460)

Therefore the income statement net income is $2,540.

Learn more about income statement here:brainly.com/question/24498019

#SPJ1

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Which two answers identify the two middle core processes, i.e. core process 3 and 4? (choose two)​
Maksim231197 [3]

Answer:

c. ​ Understand the details of the problem

d. ​ Design the components

Explanation:

Systems development life cycle (SDLC) consists of six main phases:

  1. System planning
  2. System analysis: involves understanding the details of the problem to be solved by the proposed system. What are the end-users' requirements and expectations?
  3. System design: involves designing the components, elements interfaces and architecture of the proposed system.  
  4. System implementation and deployment
  5. System testing and integration
  6. System maintenance

6 0
3 years ago
Skeletal muscle fibers are very unusual because they may be . have intercalated discs (gap junctions) devoid of striations and s
iragen [17]

Skeletal muscle fibers are very unusual because they may be: B. a foot or more in length, and each cell contains hundreds of nuclei.

<h3>What is a skeletal muscle?</h3>

Skeletal muscle is also referred to as voluntary muscle and it can be defined as a type of muscle that's connected with the skeleton by tendons, so as to form a mechanical system that enables the movement of the limbs and other body parts with respect to another.

Generally, skeletal muscle fibers are considered to be very unusual because they may be a foot or more in terms of length, and each cell typically contains hundreds of nuclei.

Read more on skeletal muscle here: brainly.com/question/24279412

#SPJ1

8 0
2 years ago
A 16-year-old female applied for a conventional loan in order to purchase a condominium. The lender denied the application, citi
aksik [14]

Answer:

C.

Explanation:

The lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract.

A 16 year old is not up to the age to sign a contract and even at that Every lender has their own requirements for approving a loan. And for a person who is just 16 getting a loan approval is going to be near impossible except it is done with the cosignature of a parent. This is because several checks are usually done before a loan is approved and a 16 year old may not pass all of them.

7 0
3 years ago
Sullivan Company uses the periodic inventory system. The following balances were drawn from the accounts of Sullivan Company pri
Arada [10]

Answer:

$11,800

Explanation:

Calculation to determine the gross margin that will be shown on the income statement bartley

First step is to calculate the Cost of goods sold

Cost of goods sold = 5,100 + 9,900 + 1,350 - 1,150 - 5,500

Cost of goods sold = $9,700

Now let determine the Gross margin

Using this formula

Gross margin=Sales-COGS

Let plug in the formula

Gross margin = $21,500 - $9,700

Gross margin = $11,800

Therefore the gross margin that will be shown on the income statement bartley is $11,800

5 0
4 years ago
The present value of a perpetuity of 6,500 paid at the end of each year plus the present value of a perpetuity of 8,500 paid at
Kipish [7]

Answer:

$10,340

Explanation:

The computation of k is shown below;

Rate per quarter  = 6% ÷ 4  = 1.5%

In the case when perpetuity paid every year, the effective rate is

= (1 + 1.5%)^4 - 1

= 6.136%

Now Effective rate in the case when perpetuity paid every 5 years

= (1 + 1.5%)^(4 × 5) - 1

= 34.68%

Now

The present value of Both perpetuities = $6,500 ÷ 6.13635506249994% + $8,500 ÷ 34.6855006550052%

= $130,431.99

Now

annuity =k

Number of Periods=25

effective rate = 6.13635506249994%

Annuity k =PV ÷ ((1 - (1 + r)^-n) ÷ r

= $130,431.99 ÷ ((1-(1 + 6.13635506249994%)^-25) ÷ 6.13635506249994%

= $10,335.84

= $10,340

6 0
3 years ago
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