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
alukav5142 [94]
1 year ago
15

When using the indirect method, adding an increase in an account such as Wages and Salaries Payable to net income eliminates the

effect of recording Wages and Salary Expense that _____ this period.
Business
1 answer:
antiseptic1488 [7]1 year ago
3 0

When using the indirect method, adding an increase in an account such as Wages and Salaries Payable to net income eliminates the effect of recording Wages and Salary Expense that <u>according </u>this period.

<h3>What is net income?</h3>

Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement.

  • Revenues less costs, taxes, and interest equal net income (NI).
  • NI is used to compute earnings per share.
  • Because costs can be concealed via accounting techniques or revenues can be artificially overstated, investors should carefully examine the data used to calculate NI.
  • In addition, after deducting taxes and deductions from gross income, NI is a person's total income or pre-tax income.

To learn more about net income from the given link:

brainly.com/question/22739980

#SPJ4

You might be interested in
Anna is separated from her​ boyfriend, John, while she studies economics and he goes to art school. Even though she wants to cal
Andreas93 [3]

Answer:

Kindly check attached picture for drawing of Anna demand curve

8 0
3 years ago
The Jeep brand of vehicles provides consumers with a unique blend of freedom and adventure. One of their advertising campaigns f
kipiarov [429]

This unique set of associations that consumers will make with the Jeep brand is referred to as brand image .

Option C

<u>Explanation: </u>

Marketing branding analyzes and designs the image of a brand throughout the market. For sales and marketing, it is important to develop a good connection to the target market. The commodity, its appearance, quality, and labelling, etc. are the measurable aspects of brand management.

Brand Image is an idea or perception that consumers create in their head within a certain period of time about a specific brand. The brand image can be characterized as the vision and interaction of current and potential customers with the brand.  The company photo ultimately fills the customer's mind. Brand image can be similar or completely opposite to brand identity.

6 0
2 years ago
The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 159,000 Income Tax
Kryger [21]

Answer:

Income Statement is attached in the pictures.

Explanation:

5 0
3 years ago
The optimal risky portfolio can be identified by finding: I. The minimum-variance point on the efficient frontier II. The maximu
Darina [25.2K]

Answer:

A. III and IV only

  • The tangency point of the capital market line and the efficient frontier
  • The line with the steepest slope that connects the risk-free rate to the efficient frontier

Explanation:

4 0
2 years ago
Assume the corporate tax view of capital structure. Your unleveraged cost of capital is 13%. Your corporate tax rate is 30%. You
sergejj [24]

Answer:

C. 11.05%

Explanation:

The computation of the cost of capital under the proposed leveraging is shown below;

cost of capital is

=Debt÷ value of leverged firm × ((unlevered cost of capital × (1 - tax rate))

=800 ÷ 1600 × ((13% + (13%) × (1 - 30%)))

= 11.0500%

hence, the cost of capital is 11.05%

8 0
2 years ago
Other questions:
  • The economy of Elmendyn contains 3,000 $1 bills.
    15·1 answer
  • Financial stability is when you:
    5·2 answers
  • Describe a real or made up example of word of mouth promotion. Why do you think people were motivated to spread this message to
    5·2 answers
  • Which tax is paid to a third party?
    9·1 answer
  • Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $40,300 to get t
    5·1 answer
  • Nathan and Lucas own separate tree farms that produce timber. Both farms are the same size and have the same resources available
    12·2 answers
  • fter a company chooses the modules they want to implement, they must decide on ____ options, which allow the customer to customi
    14·1 answer
  • 1. Liabilities are amounts you_____.
    14·2 answers
  • don draper has signed a contract that will pay him 80000 at the beginning of each year for the next 6 years plus an additional a
    13·1 answer
  • How does the mode of collaborating (e.g., strategic alliance, joint venture, licensing, outsourcing, collective research organiz
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!