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
Bumek [7]
2 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]2 years ago
8 0
The answer is C. $975.00
Alik [6]2 years ago
3 0
C $975 as you minus rent etc from the revenue
You might be interested in
Alpha Company is looking at two different capital​ structures, one an​ all-equity firm and the other a levered firm with ​$4.6 m
Aleks [24]

Answer:

The break-even EBIT using EPS is $1,288,000.

Explanation:

the break-even EBIT using EPS is the EBIT that will brings EPS under two different capital structure equal.

Denot X is the EBIT.

* We have:

+ EPS in all-equity firm = X/460,000

+ EPS in levered firm = ( X - interest rate)/230,000 = ( X - 4,600,000 x 14%)/230,000 = (X - 644,000) / 230,000.

* We have the equation:

X/460,000 = (X-644,000)/230,000 <=> X/460,000 = 2.8 <=> X = $1,288,000.

So, the break-even EBIT using EPS is $1,288,000.

8 0
2 years ago
On January 1, 2020, a county government sends out property tax bills in the amount of $100,000,000. Of this amount, $15,000,000
Lesechka [4]

Answer:

B. $12,000,000

Explanation:

Hi there!

At the beginning of 2020 we estimate the credits that will be uncollectible and constitute the allowance for uncollectible.

<u>The journal entry:</u>

                                                                      Debit             Credit                          

Bad debts expense                               $15,000,000

Allowance for uncollectible account                             $15,000,000

During the year $88,000,000 was collected and part of the forecast must be reversed since it was overestimated (remember that it was estimated to collect $85,000,000 from the $ 100,000,000)

<u>The jorunal entry:</u>

                                                                    Debit             Credit

Allowance for uncollectible account    $3,000,000

Bad debts expense                                                      $3,000,000

Allowance for uncollectible account  ledger, December 31 2020

<h3><u>Allowance for uncollectible acc</u><u>ou</u><u>nt </u></h3>

          Debit                  Credit

                                $15,000,000

      <u> $3,000,000                               </u>

                                   $12,000,000

4 0
2 years ago
Twenty years ago, you began investing $250 a month. because your investments earned an average of 8 percent a year, your investm
DaniilM [7]
You invest $250/mo. over 12 months that equals $3,000 invested per year.
$250*12=$3,000/per year invested
$3,000 per year for 20 years equals $60,000 invested.
$3,000*20=$60,000 invested
8% of $60,000 is $4,800/per year.
0.08*$60,000=$4,800
$4,800 per year for 20 years equals $96,000 dollars earned on investments over 20 years.
3 0
3 years ago
Read 2 more answers
Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by
abruzzese [7]
The answer is D. $251,700
7 0
3 years ago
Read 2 more answers
How many quarters are required to complete the Marketplace Live marketing simulation?
Alex17521 [72]

Answer:

6

Explanation:

Marketplace simulations are designed for university business courses and for executive programs. It is developed by Innovative Learning Solutions Inc. The simulation enables students to experiment business strategies, test run their business ideas and get the consequences of their actions. This is gotten in a virtual business environment.

8 0
3 years ago
Other questions:
  • A good reason to open a checking account is that
    9·1 answer
  • dividends in arrears occur when the company doesn't pay dividends to a. Cumulative preferred stockholders. B.noncumulative prefe
    14·2 answers
  • Assume that you purchased 140 shares of Misty Company stock for $78 a share, that you received an annual dividend of $1.60 a sha
    12·1 answer
  • A subsidiary ledger:
    11·1 answer
  • If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?
    11·1 answer
  • Different between fixed assets and current assets​
    6·1 answer
  • 1) Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December a
    5·1 answer
  • Suppose Stuart Company has the following results related to cash flows for 2021: Net Income of $5,600,000 Increase in Accounts P
    15·1 answer
  • Rural to urban migration is common but keeping a foothold in one’s rural residence is known as:______.
    9·1 answer
  • According to the diversification-for-stability argument, why should some nations impose protective tariffs and import quotas
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!