Answer:
$123,400
Explanation:
Calculation to determine what amount on the January pro forma income statement
Freight-out $5,000
(20,000 units x 0.25)
Depreciation on Admin. Equipment $10,000
Sales and Admin Sal. $46,400
[$40,000 + (.02 x $320,000)]
Advertising $12,000
Lease $45,000
Miscellaneous $5,000
Total $123,400
Therefore what amount on the January pro forma income statement is $123,400
<span>False. Net operating income is income after interest and taxes.
Net operating income, also know as, NOI is used to generate income mainly in real estate. To solve for net operating income you take the revenue from the property sold and subtract the operating expenses from the sale. </span>
Answer:
c. Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales
Explanation:
The journal entry is shown below:
Bank credit card sales A/c Dr XXXXX
Credit card expense A/c Dr XXXXX
To Sales A/c XXXXX
(Being the sales is recorded via bank credit cards)
As the credit card has some expense so we debited the credit card expense along with the bank credit card sales and credited the sales as it is revenue which is to be credited
Demand? No.
1. Increased skillset THAT ALSO increases company profitability
2. Increased experience THAT ALSO increases company profitability
3. Increased need for particular employee to be profitable
