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Marizza181 [45]
3 years ago
6

At the beginning of the current year, X Company had assets of $600, liabilities of $300, and common stock of $100. During the cu

rrent year, the company earned revenue of $750, incurred expenses of $500, and paid dividends of $100. All transactions were cash transactions. 1. The amount of net income reported on the income statement for the current year would be:
Business
1 answer:
Viefleur [7K]3 years ago
6 0

Answer:

$250 is the answer

Explanation:

As we want to calculate here the net income which could be found from the following formula:

Net Income or Profit = Sales  -  Expenses

In this case the sales figure is $750 and the expenses are $500.

By putting the values we have

Net Income = $750 - $500 = $250

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Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash
salantis [7]

Answer:

insurance company will pay $75 to Alfred.

Explanation:

given data

Actual cost of camera = $200

Alfred cost of camera = $150

Life expectancy = 6 years

solution

we get here first Remain life of camera that is

Remain life of camera = 6 years  - 3 years

Remain life of camera = 3 years

and

now we get here current cost of the camera that is

current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy)    ........................1

put here value and we get

Current cost of camera = $150   ×   \frac{3}{6}

Current cost of camera = $75

so that insurance company will pay $75 to Alfred.

5 0
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katen-ka-za [31]
I chose direct marketing
3 0
3 years ago
Insurance offers consumers
DerKrebs [107]

Explanation:

insurances customers don't have a complicated need they want to be able to choose from a good selection of policies at a responsible prices they want clear transparent information and their wants more than hassle-free interactions

hope it helps u

3 0
3 years ago
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If you discover a data breach you should immediately notify the proper authority and also:.
Kamila [148]

If the data breach poses an excessive hazard then we have to notify the proper authority and also to the ones people affected then they ought to be informed.

<h3>What is a Data breach?</h3>

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Learn more about Data Breach here:

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WILL MARK BRAILIEST AND ONLY ANSWER IF YOU KNOW
Karolina [17]

Okay i'm trying to find the rest of the answers but heres most of them:

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3 years ago
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