Answer:
$20,000
Explanation:
The income statement shows the revenue and expenses of an entity for a period. The difference between the entity's revenue and expenses gives the net income.
The balance sheet on the other hand shows the company's assets and liabilities, the difference of these is the owners equity.
Hence Dynamic's net income for the year,
= $100,000 - $80,000
= $20,000
Answer:
A. $5,460
Explanation:
Expected rate of defects = 7%
Average repair cost = $70
Total sales = 1,200 units
Actual defective units = 6
Liability for product warranties (L) at month-end should be the difference between the expected warranty costs (EW) and the actual warranty (AW) costs:
Liability for product warranties at month-end should be $5,460.
Answer:
$84.100
Explanation:
At the end of March, the balance of the account Accounts Payable was $84100, because:
Beginning Balance $77.400 + Purchases on Accounts $43.700 - Payments on Accounts $37.000 = Ending Bal
ance $84.100
The account balance is always the net amount after factoring in all debits and credits.
Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for.
The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet.
Answer:
cameron will have a share of ownership in the company
Explanation:
plato/edmentum