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cestrela7 [59]
3 years ago
14

Net income equals: Question 2 options: Cash receipts minus cash payments. Assets minus liabilities. Revenues minus cost of goods

sold. Revenues minus expenses.
Business
1 answer:
Alborosie3 years ago
5 0

Answer:

Revenues minus expenses.

Explanation:

Net income = Revenue -  (cost of goods sold + selling, general and administrative expenses + depreciation + net interest expense + income tax)

Revenues minus cost of goods sold gives gross profit

Assets minus liabilities gives shareholders equity

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In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.
sp2606 [1]

In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.

<h3>What is collective bargaining?</h3>

This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.

Collective bargaining involves employees working together in an organization coming together to agree about some important matters.

Learn more about collective bargaining here: brainly.com/question/11819753

#SPJ1

3 0
1 year ago
To be effective as a successful general manager of a hotel, the manager should exhibit all of the following traits except: Group
Masja [62]

Answer: The manager should exhibit all the traits except computer programming skills.

Explanation: A successful general manager or a manager that is striving to be successful will/should possess the following traits:

1. Attention to detail; this is a very important trait and could be the difference between keeping a client and losing one. This is because clients want to feel and be treated specially and uniquely. Therefore an attention to detail will help the manager ensure that each client is treated specifically and differently from the next client.

2. Follow through leadership: this trait is very important in order to maintain cohesion among the team members and subordinates.

3. People skills: this is a very important trait because it is very vital in person-to-person interactions, especially when interacting with hotel guests.

4. Effective delegation: one person cannot perform all the tasks in a hotel, therefore it falls on the general manager to be able to assign roles to individuals that are best suited to perform the tasks. This is a very important trait and will ensure that resources are properly utilized.

Computer programming skills is not a trait requires of a hotel general manager. This is because the role can be assigned to a computer programmer while the general manager faces other tasks that require his/her attention.

8 0
3 years ago
Jada converted her personal residence to rental property in 2018. She purchased the property in 2014 for $110,000, of which $10,
creativ13 [48]

Answer:

a)Jada's basis for depreciation in the property is NIL.

b) Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.

Explanation:

Due to a decline in the property values over the past few years Jada has converted her personal residence to rental property and/or investment property which is a subject dealt within IAS 40 (Investment property).

According to IAS 40 an investment property is land or building held to earn rentals or for capital appreciation or both rather than use in the entity. IAS 40 requires to initially measure investment property at cost and subsequently may either measure at cost or fair value model. Fair value is normally established by prevailing market prices.

IAS 40 also mentions that if an asset is revalued to fair value the gain and loss should be recorded in statement of profit and loss and 'NO DEPRECIATION IS CHARGED ON THE ASSET AFTER THE FAIR VALUE MEASUREMENT'.

Therefore, following the instructions laid out by IAS 40 Jada's basis for depreciation in the property is NIL.

2) Personal property with no intrinsic value:

Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.

Lets first understand what intrinsic value is. Intrinsic value of an asset refers to the market led and/or market-driven price of that asset. This means those assets which don't have an active market for sale and purchase will have no intrinsic value. This is absolutely the case with intangible assets, because most intangible assets are unique and uncommon, such as, GOODWILL, PATENTS, COPYRIGHTS, therefore due to the uniqueness and exclusivity of such assets an active market place doesn't exist therefore it's hard to determine an intrinsic value for such kind of assets/ properties.

5 0
2 years ago
Harmony Company sells handminusknit scarves. Each scarf sells for $ 45. The company pays $ 70 to rent vending space for one day.
choli [55]

Answer:

2.12, rounded up to 3

Explanation:

To solve the equation, we first need to set up an equation.

Let x represent the number of scarves. We want one side of the equation to be the amount earned and the other to be the cost

45x is how much they earn since each scarf is $45

70+12x is how much they cost for rent and production

45x=70+12x

Subtract 12x from both sides

33x=70

Divide both sides by 33

x=2.12

It says we should round up so 3 scarves to break even

5 0
3 years ago
Ronaldo Soccer Shop's income statement reports sales of $100,000; cost of goods sold of $46,000, operating expenses of $34,000,
butalik [34]

Answer:

d. $100,000

Explanation:

<u><em>Ronaldo Soccer Shop</em></u>

<u><em>Income Statement</em></u>

Sales  $100,000;

Cost of goods sold  $46,000,

Operating expenses $34,000,

Interest expense  $15,000,

Income tax expense  $2,000,

Net Income  $3,000

The vertical analysis of the income statement is performed by dividing each of these income statement line items by the total sales.

Vertical Analysis ( income Statement) = (Income Statement Item/ Total Sales )* 100

4 0
3 years ago
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