Answer:
$200,000
Explanation:
As we know that
The net income is the income that is generated when we deduct all expenses incurred from all revenues generated that is reflected on the income statement
In mathematically,
Net income = Revenues earned - expenses incurred
= $450,000 - $250,000
= $200,000
Answer:
maximum profit = $7500
so correct option is c $7500
Explanation:
given data
mean = 500
standard deviation = 300
cost = $10
price = $25
Inventory salvaged = $5
to find out
What is its maximum profit
solution
we get here maximum profit that is express as
maximum profit = mean × ( price - cost ) ..................................1
put here value in equation 1 we get maximum profit
maximum profit = mean × ( price - cost )
maximum profit = 500 × ( $25 - $10 )
maximum profit = 500 × $15
maximum profit = $7500
so correct option is c $7500
Answer:
The correct answer is $200
Explanation:
The interest expense appearing on the company's income statement in year 1 is for a period of four months(September to December) year 1.
The interest expense using an annual rate of 6% is computed thus:
interest expense=$10,000*6%*4/12=$200
The correct option is $200 which is not one of the options provided,hence the options need.
In another version of the question,option D was $200 which shows is missing here,
All in all, the correct answer is $200 interest for a period of four months from September to December
Answer:
The answer to the question is attached with the document.
