Based on the financial details of Ernst Consulting, the Income Statement would be:
Ernst Consulting Income Statement
Revenue
Consulting revenue <u> 18,350</u>
Total revenue <u> 18,350</u>
Expenses
Miscellaneous expenses 720
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Total Expenses <u> (14,820)</u>
Net Income $3, 530
<h3>What is the Net Income used for?</h3>
The net income allows the company to see its total profits for the year after expenses have been accounted for.
It is calculated by deducting expenses from the revenue like Ernst Consulting's income statement shows.
Find out more on the Income Statement at brainly.com/question/21851842.
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Answer:
The stock price 5 years from now will be 44.46
Explanation:
The stock price will increase like compound interest at the same rate as the dividends.

Stock 35.25
time 5
dividend grow rate 0.0475
Amount 44.45588696
The stock price 5 years from now will be 44.46
<u>Reasoning:</u>
In five years, if we calcualte the gordon dividend growth model:

and year 5 dividends would be:


we can arrange the formula like this:

The first part is the current stock price so our formula is confirmed.

Answer:
$16.66
Explanation:
Data provided
Direct material = $55,870
Direct labor hour = 475
Wage rate = $11
Machine hour = $556
Number of units = 4,100
Overhead rate = $13
The preparation of job sheet is shown below:-
Direct Material $55,870
Add: Direct Labor $5,225
( 475 × $11)
Overhead $7,228
($556 × $13)
Total $68,323
Number of units 4,100
Cost per unit $16.66
($68,323 ÷ 4,100)
Answer:
A. True.
Explanation:
Making a comparison among countries of GDP per capita and Ireland and Singapore show higher values than the United Kingdom and France and this is because these two countries have experienced long periods of rapid growth with ratas higher than growth population. The United Kingdom and France, as mature economies economically growth also, but at a lower rate
Answer:
$81,020
Explanation:
The cost of the asset includes the cost of purchase less any given discount or tax returns and the addition of other cost incurred in making the asset available for use.
As such, the cost of the machine
= $77,000 - (5% * $77,000) + $2,000 + $4,520 + $1,350
= $81,020
The routine maintenance cost is not a part of the asset but an expense in p/l.