Answer:
so net income is $45000
Explanation:
given data
Accounts receivable = $5000
Sales revenue = 75000
Cash = 15000
Salaries and wages expense = 20000
Rent expense = 10000
to find out
net income
solution
we will find net income by the given expression as
net income = Sales revenue - Rent expense - Salaries and wages expense .......................1
put here all these value in equation 1 we get net income
net income = 75000 - 10000 - 20000
net income = 45000
so net income is $45000
If the LRATC curve is falling, economies of scale are present.
<h3>What is LRATC?</h3>
- A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
- The long-run average cost curve displays the long-run total cost of production at the lowest level of output.
- Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
- Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
- If the LRATC curve is falling, economies of scale are present.
To learn more about LRTAC refer to:
brainly.com/question/14316066
#SPJ4
The transformation of an organization through the revitalization of the key ideas on which it is built is known as self renewal.
<h3>What is meant by self renewal in business?</h3>
The term has to do with the dimension that is seen in a business through the renewal of the key ideas of the particular business. This is the change and redefinitions of the concepts of the business and the ways that it is organized. It also has to do with the systems that would bring about innovations.
Hence we can say that The transformation of an organization through the revitalization of the key ideas on which it is built is known as self renewal.
Read more on transformation of organizations here: brainly.com/question/10783581
#SPJ1
