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
Tresset [83]
4 years ago
10

Rushmore Company provided services for $45,000 cash during Year 1. Rushmore incurred $36,000 of operating expenses on account du

ring Year 1, and by the end of the year, $9,000 of that amount had been paid with cash. If these are the only accounting events that affected Rushmore during Year 1, which of the following statements is true?

Business
1 answer:
laila [671]4 years ago
6 0

Answer:

The amount of the net income shown on the income statement is $9,000

Explanation:

The computation of the net income is shown below:

Net income = Services provided for cash =  operating expenses incurred

= $45,000 - $36,000

= $9,000

According to the matching principle, the revenues of a particular period should always be matched with the expenses that are incurred in that particular year

So, the net income that is to be reported on the income statement is $9,000

Note: Options are shown in the attachment

You might be interested in
your food-services company has been named as the sole provider of meals at a small university. the cost and demand schedules are
DiKsa [7]

Answer:

The answer is "400 meals at 2.50 dollars a day".

Explanation:

Please find the complete question and the solution in the attachment file.

In this question, when we compare the MR value as well as the MC, the monopolist produces up to the point where MR>MC.

In this, it happens before 400 meals at 2.50 per day and, so "400 meal at 2.50 dollars a day".

8 0
3 years ago
In which type of facility layout do machines, tools, and other resources move toward the product?
Irina18 [472]

Answer: fixed position layout

Explanation:

Some of the vital factors that are considered with regards to the location of a facility are the closeness to the customers, and the suppliers, future expansion and environmental regulations.

The type of facility layout whereby machines, tools, and other resources move toward the product is referred to as fixed position layout.

3 0
3 years ago
Read 2 more answers
On January​ 1, 2018, Tyson Manufacturing Corporation purchased a machine for $ 40 comma 500 comma 000. ​Tyson's management expec
Bess [88]

Answer:

$5,220,128.80

Explanation:

For computing the depreciation expense for 2018 under the units of production method, first we have to determine the per unit which is shown below

= (Original cost - residual value) ÷ (estimated production hours)

= ($40,500,000 - $44,000) ÷ (31,000 hours)

= ($40,456,000) ÷ (31,000 hours)

= $1,305 0.322

Now for the year 2018, it would be

= Production hours in 2018 × depreciation per unit

= 4,000 hours × $1,305 0.322

= $5,220,128.80

7 0
3 years ago
Accumulating capital Group of answer choices requires that society sacrifice consumption goods in the present. allows society to
alexdok [17]

Answer:

The correct answer is letter "A": requires that society sacrifice consumption goods in the present.

Explanation:

Capital Accumulation refers to increasing wealth via investments or savings. In any of both cases, <em>capital consumption is reduced since the moment individuals decide to accumulate wealth to enjoy greater returns in the future</em>. Though, as some get richer by accumulating capital and others remain poor, it is seen as negative, mainly because it widens the gap between the two sectors.

8 0
3 years ago
Governments often use a sales tax to raise tax revenue​, which is the tax per unit times the quantity sold. will a specific tax
Eduardwww [97]

A specific task will likely raise more tax revenue if the demand curve is inelastic in which the demand is likely to be insensitive in regards to change and by that, the tax incidence will likely result of being lowered. The correct answer is letter e.

8 0
3 years ago
Other questions:
  • The accompanying list describes the responses of four individuals to a bureau of labor statistics (bls) survey of employment. 1.
    8·1 answer
  • Which of the following is an example of a cost that varies in total as the number of units produced changes? a.salary of a produ
    10·1 answer
  • Mandy’s Packaging Inc. is a multibillion-dollar supplier of packaging materials. One of its salespeople rearranged production sc
    9·1 answer
  • The Balance Sheet of Greene, Inc. on January 1, 20X1 showed the following. Assets $30,000, Liabilities $20,000 and Stockholder's
    11·1 answer
  • Which of the following statements about the labor market is correct? A. The employment contract specifies the level of work effo
    11·1 answer
  • A product's life cycle is divided into four stages, which are:
    6·1 answer
  • Bloomington Brewery produces beer and ale. Beer sells for $5 per barrel, and ale sells for $2 per barrel. Producing a barrel of
    14·1 answer
  • Wyatt is paying back a loan with a nominal interest rate of 13. 62%. If the interest is compounded quarterly, how much greater i
    8·1 answer
  • Which was not a factor contributing to argentina’s prosperous economy in the early 1900s?.
    13·1 answer
  • A company's beginning cash balance was $4,000. at the end of the period, the balance was $3,000. if total cash paid out during t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!