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Bumek [7]
3 years ago
10

A company has $4,500 in its Revenue account at the end of a period. The expenses are as follows: Rent, $750; Utilities, $150; Sa

laries, $2,400; Insurance, $225. The net income (loss) for the period is A. $3,600. B. ($2,100). C. $975. D. ($1,425).
Business
2 answers:
arlik [135]3 years ago
8 0
The answer is C. $975.00
Alik [6]3 years ago
3 0
C $975 as you minus rent etc from the revenue
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The following information is available pertaining to Bonita Division, that uses a plant-wide overhead rate based on machine hour
ki77a [65]

Answer:

$180

Explanation:

Calculation for What are the total overhead costs assigned to Job 101

Using this formula

Total overhead costs assigned to Job 101=(Total Overhead/Total Machine-hours)*Machine-hours

Let plug in the formula

Total overhead costs assigned to Job 101 = ($90,000/10,000) *20

Total overhead costs assigned to Job 101=9*20

Total overhead costs assigned to Job 101=$180

Therefore Total overhead costs assigned to Job 101 will be $180

6 0
3 years ago
Use the data in P 13-5 for Prince Company. Assume that the stock price per share is $ 28 and that dividends in the amount of $ 3
Kamila [148]

2) Current Ratio for Year 2

Current Assets = Cash + Accounts Receivable + Inventory = 7,800 + 15,900 + 43,800 = 67,500Current Liabilities (given) = 17,900

Current Ratio = Current Assets / Current Liabilities = 67,500 / 17,900 = 3.77

3) Quick Ratio for Year 2

Quick Assets = Current Assets – Inventories – Prepaid Expenses = 67,500 – 43,800 = 23,700

Quick Ratio = Quick Assets / Current Liabilities = 23,700 / 17,900 = 1.32

4) Cash Ratio for Year 2

Cash Ratio = (Cash + marketable securities) / Current Liabilities = 7,800 / 17,900 = 0.4357 or 0.44

5) P/E Ratio for Year 2

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5 0
1 year ago
Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract su
geniusboy [140]

Answer:

False

Explanation:

  • The collaborative consumption of goods and services based on a peer to peer model. As its, a capitalist economy has many active producers, and sellers on one side and passive consumers on the other.  
  • The sharing economy is based on the access to the shared goods and services. Poses risks to the venture capital that have a high growth potential.
  • <u>As the startups face uncertainty the venture capital can lead to a high level of failure. Example of the merges and acquisitions and joint ventures.</u>
6 0
3 years ago
Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this
natima [27]

Answer:

Cash flow from financing activities

Explanation:

There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.

Cash flow statement shows the sources of cash coming into and going out of an organisation.

The major sources are operations, financing, and investing activities.

Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.

In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.

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