Answer:
The value of net income is $3,008,000
Explanation:
Income statement:
Revenues= 9,100
COGS= (2,730)
Gross profit= 6,370
Other Expenses= (600)
Sales, General, & Administrative Expenses= (910)
Depreciation Expenses= (500)
Interest Expenses= (180)
EBT= 4,180
Tax= (1,672)
Depreciation= 500
Net income= 3,008
The value of net income is $3,008,000
Answer:
Her mother's trust
Explanation:Since opportunity cost is summarily defined as the value of something that must be put on the line in order to acquire or achieve something else, the opportunity cost for maria choosing to go to the concert is her mother's trust. In other words, she gave up her mother's trust to attend the concert.
Answer:
d) Trialibility.
Explanation:
Under trialibility a customer can take trial of the product and then, take a decision whether to adapt the product or not.
In this manner, company saves itself from launching the product at complete market level, and incurring cost at the same level.
In the given instance also, company, launches the product on a trial basis and the launch is limited to specific users, that is the product is on trial and then the launch will be made at full commitment only when the trial period will be successful.
Therefore, correct term is
Trialibility
Fiscal year is a 12 month calendar year reserved for the government.
Answer: Option B
<u>Explanation:</u>
In the business concern, corporate company, government and individual followed fiscal year plans. Fiscal year cover the twelve months of the period and also it is divided as four quarters. Year is not calculated from the calendar year from Jan to Dec it is from Oct to Nov.
This calendar is used and adjustable for the administrators, executives, managers, partnerships and individuals, suitable for most companies, corporate, non-profit, public etc for corresponding the fiscal year.
Explanation:
May 7
Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount
May 13
Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000
Journal entries
DATE Particulars Amount
May 7th Account receivable (+A) Dr. $4,000
to Sales revenue (+Equity) $4,000
( To record the credit sales)
May 13th Cash (+A) Dr. $4,000
to Accounts receivable(-A) $4,000
(To record the receipt of cash)
