The Company's preliminary Net Income can be determined as $575.
Preliminary net income = Total Revenue - Total Expenses
= $575 ($4,230 - $3,655)
Revenue:
d. Sales Revenue $680
f. Service Revenue $2,870
i. Service Revenue $680
Total Revenue $4,230
Expenses:
a. Wages Expense $1,700
e. Utilities Expense $1,360
h. Travel Expense $115
k. Advertising Expense $480
Total Expenses $3,655
Thus, the company generated a preliminary net income of $575 for the period.
Learn more about determining net income at brainly.com/question/19850768
Answer:
B)Payment of employees' salaries
Explanation:
Operating cycle: The operating cycle is that cycle in which the firm makes the collection of cash with respect to the sales and make the payment with respect to the purchase of the inventory
The cycle start from days of inventory outstanding, days of sales outstanding, and days of payable outstanding
In mathematically,
Operating cycle = days of inventory outstanding + days of sales outstanding - days of payable outstanding
Thus, option B is correct.
Entrepreneurship is a quality that is very attractive to colleges. Admissions committees like to see that you can think outside the box, be creative, and make opportunities for yourself. It’s a skill that’s particularly relevant right now: Many products and services you use came from startups or from companies that began that way.
Answer:
b. does not change real variables. Most economists think this is a good description of the economy in the long run but not in the short run
Explanation:
According to money neutrality, change in the money supply does not change real variables since most economists think this is a good description of the economy in the long run but not the short run.
Answer: d. psychological noise
Explanation:
Psychological noise refers to the distortion of information due to the distraction on the part of either the speaker or the listener borne from them having biases or preconceived notions.
Alissa is already upset with the person she is talking to as she believes that they hid information from her so regardless of what the person says, she will probably interpret it with the notion that the person is lying or rather hiding the truth.
