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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).

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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Though the profits accrue to the local capitalists, a system of nationally controlled production still depends on __________.

Alex787 [66]

Foreign markets. because the cycle still depends on it

3 0

3 years ago

The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m

Gekata [30.6K]

<h2>10 workers would cause the marginal to exceed the marginal benefits.</h2>

Explanation:

Let us understand the term "Marginal benefits".
It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
In terms of producers, the marginal benefit is termed as marginal revenue.
Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
Marginal revenue always falls below marginal cost.
It is the revenue that the organization receives for selling one additional unit.

8 0

3 years ago

Read 2 more answers

Select the correct answer from the drop-down menu.

MissTica

Answer: Macro, External

Explanation:

Macroeconomics effect the entire world, while it scrutinizes the external forces that affect the company.

3 0

2 years ago

Maso Company recorded journal entries for the issuance of common stock for $200,000, the payment of $65,000 on accounts payable,

cricket20 [7]

Answer:

Increase of $95,000

Explanation:

Stockholder equity: It records the issue of shares, retained earnings, and deduct the dividend amount if declared.

The expenses which are related to the business is directly or indirectly affect the stockholder equity.

So, the net effect is shown below:

Issuance of common stock = $200,000

Less - Payment of salaries expense = $105,000

So, the net effect would be equal to

= $200,000 - $105,000

= $95,000

The accounts payable does not affect stockholder equity. So, it would not be considered.

This $95,000 would increase stockholder equity.

7 0

3 years ago

Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two

trapecia [35]

Answer:

C) $340,240

Explanation:

Service Department Operating Department

Administrative Facilities Assembly Wholesaling

Departmental costs $26,840 $59,400 $183,430 $321,190

Employee time (hours) 4,000 2,000 29,000 15,000

Space occupied - sq ft 2,000 2,000 30,000 6,000

total administrative costs = $26,840

total employee hours = 29,000 + 15,000 = 44,000

administrative cost per employee hour = $26,840 / 44,000 = $0.61

total facilities costs = $59,400

total square feet = 30,000 + 6,000 = 36,000

administrative cost per employee hour = $59,400 / 36,000 = $1.65

total Wholesaling Department cost = $321,190 + ($0.61 x 15,000) + ($1.65 x 6,000) = $321,190 + $9,150 + $9,900 = $340,240

5 0

3 years ago