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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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Any business that is in the tech business, where massive amounts of money go for development and for producton are companies that are very likely to need startup capital from some sort of investor; in this case it can be a venture capitalist but it can also be any other type of investor. 
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3 years ago
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Jami is managing an extended advertising campaign for a local convenience store chain. The campaign includes a series of televis
alexandr1967 [171]

Answer: (C) The daily and weekly sales volume

Explanation:

  According to the given question, the daily and weekly sales volume is one of the best indicator for checking the effectiveness of the advertising in an organization as it helps in measuring the various types of sales statistics on the basis of weekly or daily target.  

 By using the following ways we can monitoring the sales volume either daily or weekly basis are as follows:

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6 0
3 years ago
Unemployment is often called a lagging or trailing indicator because unemployment tends to rise some time after the economy begi
andrezito [222]

Answer:

B) firms reduce hours before laying off when the economy is in recession, and increase hours before hiring when the economy expands.

Explanation:

In the case when the output falls so the workers would not be laid off in a direct manner. In the first time the labor would be decreased so that the demand could be analyzed. The same would be happen in that case also where the growth picked up

Therefore in the given case, the option B is correct

And the other options are wrong

7 0
2 years ago
The marginal seller is the seller who
trapecia [35]

Answer:

b. would leave the market first if the price were any lower.

Explanation:

In the market, the producer always sells more than the economic cost ( raw materials and labor cost) that he bears during production. The marginal seller means that the seller earns zero economic profit ( producer surplus) i.e. an economic cost equals the selling price. So if the price falls then the marginal seller would leave the market first because he will be indifferent when earns the zero economic profit but when the price falls he would leave the market.

3 0
2 years ago
All over-the-counter receipts are entered in cash registers.
Anna71 [15]

Answer:

(a) Physical controls

(b) Human resource controls

(c) Independent internal verification

(d) Segregation of duties

(e) Establishment of responsibility

Explanation:

(a) All over-the-counter receipts are entered in cash registers. That is an example of the physical controls principle.

(b) All cashiers are bonded. That is an example of the human resource controls principle.

(c) Daily cash counts are made by cashier department supervisors. That is an example of the independent internal verification principle.

(d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals. That is an example of the segregation of duties principle.

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