Answer:
Net income = $3,560
Explanation:
Romney's Marketing Company
Multi-step income statement
For the Year ended December 31 20YY
Sales revenues 37,250
Less: Cost of goods sold = 0
Gross profit = 37,250
Less: Operating expense:
Wages expense = $19,000
Depreciation expense = $1,750
Utilities expense = $320
Insurance expense = $780
Rent expense = $9,800
Total operating expense = ($31,650)
Add: operating income:
Rent revenue = $560
Total operating income = $6,160
Other operating income
Interest revenue = 160
Net income before taxes = $6,320
Income tax expense = $2,760
Net income = $3,560
Explanation:
it affects the retailer by if they gave a good in a highest price then if that product is not sold then it would happen.
I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity.
<h3>What is the role of technology?</h3>
The use of technology is one that has helped a lot of business professionals to be more and more efficient in their work output.
Therefore, I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity as it also helps to keep employee information safe.
Learn more about technology from
brainly.com/question/11265745
#SPJ1
Answer:
$84,121.21
Explanation:
For computing the value, first we have to determine the PMT which is shown below:
= Payment ÷ interest rate
= $6,400 ÷ 5.3%
= $120,754.7170
Now the value at year 7 would be
= PMT ÷ (1 + interest rate)^number of years
= $120,754.7170 ÷ (1 + 5.3%)^7
= $120,754.7170 ÷ 1.4354848003
= $84,121.21
So, the value at date is $84,121.21
Answer:
Task / established
Explanation:
Internal control was created for a couple of reasons:
1. to ensure that there is no corrupt practices occurring from within the organization.
2. To ensure that every single employees are held accountable to the tasks that given to them
3. A way for managers to monitor the productivity rate of the team.
'Tasks' are a set of duties that the employees need to fulfill during the operation, If one employees fail to fulfill any of their tasks, it could become a hindrance for another employees.
The word 'Established' Indicated that the task is strongly structured by the higher ups and the employees have no right to change it without the permission from the higher ups.