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3 years ago

How does gross income differ from net income?

1 answer:

6 0

When you have a gross income the expenses incurred are yet to be removed— it is just total sales less purchases. for net income the expenses are removed for the gross profit

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You are asked to send out an important letter to your business associates in Japan, and it must be sent within the next 90 minut

alexandr1967 [171]

Answer:

The answer is "15 minutes"

Explanation:

I will approximately spend 15 minutes on prewriting once i have gathered the information needed.

4 0

3 years ago

On January 1, 2021, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December

BabaBlast [244]

Answer:

Interest expense = $8453

Explanation:

We can calculate Bond interest expense by multiplying Carrying value of the bond with the effective interest rate and the period of time,

DATA

Carrying value of bond = $169,056

Effective interest rate = 10%

Period of time = 6 months

Interest expense =?

Calculation

Interest expense = Carrying value x Effective interest rate x Time period

Interest expense = $169,056 x 10% x $\frac{6months}{12months}$

Interest expense = $8453

3 0

3 years ago

In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm m

Crank

Answer: True

Explanation:

The Four-Firm Concentration Ratio simply measures aggregate market share of the four biggest firms that are in a particular industry while the Eight-Firm Concentration Ratio measures that of the eight biggest firms.

It is true that in recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.

7 0

3 years ago

XYZ Corporation has declared a rights offering to stockholders of record on Wednesday, November 15th. Under the offer, sharehold

Kamila [148]

Answer:

The customer can buy 40 shares at $960.

Explanation:

Step 1: The number of shares the customer can buy can be calculate as follows:

NSCB = NSOC ÷ NSNS ......................................... (1)

Where;

NSCB = Number of shares a customer can buy = ?

NSOC = Number of shares owned by the customer = 200

NSNS = Number of shares needed to subscribe to one new share = 5

Substituting the values into equation (1), we have:

NSCB = 200 ÷ 5 = 40 shares

Therefore, The number of shares the customer can buy is 40 shares.

Step 2: The amount to pay for the number of shares the customer can buy can be calculated as follows:

ANSCB = NSCB × PNS .............................. (2)

Where;

ANSCB = Amount to pay for the number of shares the customer can buy = ?

NSCB = Number of shares a customer can buy = 40

PNS = Price of the new share = $24

Substituting the values into equation (2), we have:

ANSCB = 40 × 24 = $960

Therefore, the customer can buy 40 shares at $960.

6 0

3 years ago

Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at this level are: Direct ma

Marina CMI [18]

Answer:

The increase in operating profit is $1,829.00.

Explanation:

The rise or fall in the operating income:

= Purchase unit × ( offer price- direct material- direct labor- variable overhead)

The rise or fall in the operating income: = 1550× (2 - 0.26 - 0.4 - 0.16)

The rise or fall in the operating income: = $1829

Therefore the profit will increase by $1829

Here all the fixed cost is not considered because it is a sunk cost and variable and administrative expenses are also not considered because these costs are not going to be incurred for offer.

6 0

3 years ago