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
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

You might be interested in
The sum of the explicit and implicit costs incurred in the production process is called
agasfer [191]
The sum of the explicit and implicit costs incurred in the production process is called total cost
6 0
2 years ago
Mateo wants to buy a new guitar and amp that will cost about $2,500. He works part time at a cafe and brings home around $500 pe
Phoenix [80]

The part of Mateo's goal that is missing in regards to buying the guitar in two months is the amount that is saved towards the goal.

<h3>What detail is missing?</h3>

The scenario painted talks about the amount that Mateo earns per week which is $500. Earning this amount, he should be able to purchase the guitar in 5 weeks if he devotes it all to the guitar.

He however says he can only buy the guitar in two months which means that the entire amount is not going towards the guitar. The missing detail is the amount that is saved every week.

Find out more on saving at brainly.com/question/341992.

7 0
3 years ago
Mike begins an excavation on his land to construct a new building. The excavation causes a subsidence in neighboring lands and b
aalyn [17]

Answer:

Molly may not recover damages.

Explanation: According to land act molly may not recover damages.

  • Land law act is the body of law dealing with the right to exploit, alienate or exclude others from the land. In many countries, these forms of land are referred to as property or real estate, as distinct from personal property.
  • Through statute, a landowner has the right to the lateral protection of neighboring properties.
  • From the lands of your neighbors but your neighbors have the right to dig their land.
  • The neighbor's weight was the primary cause of the damage caused by ...

7 0
3 years ago
Prior to opening her new restaurant, Nia is determining what items to offer on the menu, the anticipated profits and expenses, t
user100 [1]

Answer:

A. business model

Explanation:

Business model -

It refers to the series of activities or information required for starting a new startup or business is referred to as a business model .

The prior information and data is very important ,

The information like finances , trading practice , structure of organisation , infrastructure , strategies , customers etc.

Hence , from the given information of the question ,

The correct option is A. business model .

8 0
3 years ago
Read 2 more answers
An appraiser is trying to find the value of a piece of property. He looks at the land first and figures its value, and then he d
Setler [38]

Answer:

In appraising, land is never depreciated, as are buildings.

Explanation:

Generally land and buildings are separable assets and are been accounted for separately, even when acquired together.

In the other hand, land asset is not depreciated, because it is considered to have an infinite useful life. This distinctively makes it unique amongst all asset types; it is the only one for which depreciation is prohibited.

Nearly all fixed assets have a useful life, after which they no longer contribute to the operations of a company or they stop generating revenue. During this useful life, they are depreciated, which reduces their cost to what they are supposed to be worth at the end of their useful lives (which is known as salvage value). Land, however, has no definitive useful life, so there is no way to depreciate it.

5 0
3 years ago
Other questions:
  • When a friend trusts you, _____. it is usually easier to trust him or her in return you can take advantage of him or her you wil
    8·1 answer
  • Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
    15·1 answer
  • A company has two products: A1 and B2. It uses activity-based costing and has prepared the following analysis showing budgeted c
    7·1 answer
  • Crede Company budgeted selling expenses of $30,300 in January, $34,500 in February, and $40,300 in March. Actual selling expense
    5·1 answer
  • Someone help me out on this
    10·1 answer
  • Written Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 6% preferred stock with a stated
    7·1 answer
  • Is this statement true or false? If you calculated the value of an ordinary annuity, you could find the value of the correspondi
    12·1 answer
  • Please help--
    8·1 answer
  • When Sarafina deposits money in an IDA, _____.
    6·1 answer
  • germany’s beiersdorf owns the global skin and body care brand nivea. wanting to learn more about the body care needs of customer
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!