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
Nikolay [14]
1 year ago
7

use the accounting equation to solve for the missing information. 2. did jacob's overhead doors report net income or net​ loss?

Business
1 answer:
vichka [17]1 year ago
7 0

Total assets 44900    

Less: Liablities 14,550

Total Owner's equity 30,350    

Less: Owner's capital 30,670

Add: Drawings 7,500    

Less: Revenues 8,850

Expense  1,670

Assets   =Liabilities +Owner's-Drawings+Revenues-Expense capital

               44,900 = 14,550 + 30,670- 7,500 + 8,850 - 1,670
2. Jacob states a profit of $7,180

Net Income = Revenues – Expenses
= 8850–1670 = 7180

  • Equipment, real estate, raw materials, and inventories are examples of tangible assets. Intangible assets include things like royalties, patents, and other intellectual property.
  • The amount earned by an individual or corporation after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

To know more info about Assets visit:
https://brainly.in/question/18283902
#SPJ4

You might be interested in
You are the HR manager for a fifty-person firm that specializes in the development and marketing of plastics technologies. When
Natalija [7]
I would say that the organization needs a job and yea yea
4 0
3 years ago
Which of the following best describes the principle of asset allocation?
faltersainse [42]
<span>The primary goal of a strategic asset allocation is to create an asset mix that seeks to provide the optimal balance between expected risk and return for a long-term

</span>
6 0
3 years ago
The manufacturing costs of Rosenthal Industries for the first three months of the year follow:
svlad2 [7]

Answer:

variable cost per unit = 46

fixed cost 188680

Explanation:

The high-low method consist in compare each frame to get the variable and fixed components

5440 high

2040 low

3400 difference

437920 high

281520 low

156400 difference

variable cost =15600/3400

variable cost = 46

the reasoning is that the additional 3400 units generated that cost.

Now:

we múltiple by the units by the production and get total variable

46 * 2040 = 93840 total variable

lastly total cost - total variable = fixed

281520 - 93840 = 188680

7 0
3 years ago
What is Seth gordins overall message to marketers?
stealth61 [152]

Answer:

“making things better, by making better things”

Explanation:

hope it helps

mark me brainliest pls

7 0
2 years ago
If you cause a car accident, which type of insurance will require you to pay the least out of pocket
WARRIOR [948]
A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan. 
3 0
2 years ago
Read 2 more answers
Other questions:
  • Nance Corporation’s December 31, 2017 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 30,000
    8·1 answer
  • Which of the following statements is true of customer relationship management? A. It is most extensively used by production-orie
    9·1 answer
  • A(n) ________ refers to the first public offering of a corporation's stock.
    11·1 answer
  • _____ is done by centralizing or specializing a firm's operations to sustain or improve productivity.
    6·1 answer
  • Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin
    5·1 answer
  • ABC paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on its common
    8·1 answer
  • Identify and explain in detail 5 objectives of an entrepreneur
    7·1 answer
  • What is one downside to environmental-protection laws?
    14·2 answers
  • Finley Company
    14·1 answer
  • The internal rate of return for a project will increase if: the initial cost of the project can be reduced. the total amount of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!