1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
FromTheMoon [43]
2 years ago
5

Write the answer in the empty income statement

Business
2 answers:
pentagon [3]2 years ago
6 0

Writing the net income in an Income statement sheet for Compu-Paris Inc. for the year ended December 31, 2020, is as follows:

Compu-Paris Inc.

<h3>Income statement</h3>

For the year ended December 31, 2020

<h3>Revenue:</h3>

Fees earned                        $74,175

Commission earned            42,590

Total revenue                    $116,765

<h3>Expenses:</h3>

Car expenses     $13,600

General expense   3,985

Postage expense      415

Rental expense     7,640

Wages expense 29,820

Total expenses                  $55,460

Net income                         $61,305

<h3>What is an income statement?</h3>

An income statement is a financial statement that summarizes an entity's revenue and expenses to determine the net income.

Also called an income summary, it determines the entity's financial performance for a financial period.

Thus, Compu-Paris Inc.'s income statement shows that it earned a net income of $61,305 for the year ended December 31, 2020.

Learn more about preparing income statements at brainly.com/question/24498019

#SPJ1

antoniya [11.8K]2 years ago
5 0

The income statement net income is $61,305.

<h3>Income statement</h3>

Income statement for the year ended December 31 2020

Revenue:

Fees earned $74,175

Commission earned $42,590

Total revenue $116,765

Expenses:

Car expenses $13,600

General expense $3,985

Postage expense $415

Rental expense $7,640

Wages expense $29,820

Total expenses $55,460

Net income $61,305

($116,765-$55,460)

Therefore the income statement net income is $61,305.

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

#SPJ1

You might be interested in
Which of the following is the proper sequence of events in an activity-based costing system? a. Calculation of pool rates, ident
bekas [8.4K]

Answer:

The correct answer is letter "B": Identification of cost pools, identification of cost drivers, calculation of pool rates, assignment of cost to products.

Explanation:

Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. For that purpose, ABC follows this sequence:

1)  Identification of the activities for the creation of the product

2)  Divide the activities into cost pools  

3) Assign each cost pool to a cost driver  

4) Calculation of the cost driver rates

5) Assignment of cost to products

6 0
3 years ago
Real GDP:
Gre4nikov [31]

Answer:

The correct answer is measures economic activity and income.

Explanation:

Real GDP is the economic measure to determine the total production of goods and services produced by a country at constant prices. This means that this indicator does not take into account price changes over time (inflation), which differs from nominal GDP, which does consider the value of money in a given period of time.

5 0
3 years ago
During a strike by the United Steelworkers of America in 2010, Honeywell claimed that the union left nails in the plant parking
Snowcat [4.5K]

Answer:

injunction

Explanation:

  • A prohibition is a legal and equitable remed in the form of a special court order that compels the party to commit or reject certain action. "When a court appoints an extraordinary injunction, it sets forth the conduct of one party and does so with the support of its full powers."
  • A party who fails to comply with the ban will face criminal or civil penalties, including criminal sanctions and imprisonment. He can also be charged in a contempt of court case.
  • These are the situations where you can ask the criminal party to stop doing things that hurt and hurt you. However, there are cases where asking does not solve the problem. In such a case, you may want to go to court and ask the judge to intervene in the situation and to treat the offending party as problematic. To do this, you file an injunction.
6 0
3 years ago
A copy machine cost when new and has accumulated depreciation of . Suppose discards this machine and receives nothing. What is t
Anna [14]

Answer:

$1,000 loss

Explanation:

The numbers are missing here, so I looked for a similar question:

A copy machine cost $5,000 when new and has accumulated depreciation of $4,000.

The carrying value of the copy machine = purchase cost - accumulated depreciation = $5,000 - $4,000 = $1,000

if the copy machine is discarded and doesn't get any money for it, this will result in a loss equal to the carrying value = $1,000

7 0
3 years ago
Kinh tế đầu tư là gì
lakkis [162]

Answer:

..OK I know what,is the mangsanswer

Explanation:

sjaksjhshsk

8 0
3 years ago
Other questions:
  • Angela, a salesperson at QuantaSource, informs her coworkers that one of their accounts requires a high level of selling effort
    12·1 answer
  • As discussed in your textbook, the list of calls for police service in long beach, california, shows which type of call for serv
    9·1 answer
  • A company purchased 100 units for $30 each on january 31. it purchased 400 units for $20 each on february 28. it sold a total of
    5·1 answer
  • The difference between a financial planner and a financial expert is that the expert is a professional who charges a fee.
    8·1 answer
  • Rhys Hoskins is the president of RH Corporation (RHC). RHC has provided the following partial listing of costs incurred during A
    12·1 answer
  • Need help with my career planning
    15·1 answer
  • Loanable funds refers to A. only those funds loaned from one bank to another. B. all those funds changing hands between lenders
    9·2 answers
  • The annual demand for a product has been projected at 2000 units. This demand is assumed to be constant throughout the year. The
    15·1 answer
  • Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to p
    12·1 answer
  • According to the value chain business model what are the various strategic decision that a business can make
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!