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Triss [41]
2 years ago
15

determine the net income of a company for which the following information is available for the month of july. employee salaries

expense$ 197,000 interest expense27,000 rent expense37,000 consulting revenue468,000 multiple choice $207,000. $261,000. $281,000. $468,000. $729,000.
Business
1 answer:
Sonja [21]2 years ago
3 0

The net income of  the company is $207,000

What is the net income of the company?

The net income of the company is the consulting revenue minus the salaries expense, the interest expense as well as the rent expense for the month of July.

The net income=consulting revenue-rent expense-interest expense-salaries expense

consulting revenue=468,000

salaries expense=197,000

rent expense=37,000

interest expense=27,000

net income=468,000-197,000-37,000-27,000

net income=$207,000

Find out more about net income on:brainly.com/question/17281642

#SPJ1

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8 0
3 years ago
Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Direc
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Answer:

The journal entry is as follows:

Retained earnings A/c Dr. $18 million

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Working notes:

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Answer:

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If opportunity cost is 11.5%: PV = \frac{12,000 }{(1+0.115)^{3} } =8,656.79

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