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love history [14]
3 years ago
5

If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would b

e most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Business
1 answer:
riadik2000 [5.3K]3 years ago
8 0

Answer:

The answer would be D. Income Statement!

Explanation:

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Last year, Company X paid out a total of $1,050,000 in salaries to its 21 employees. If no employee earned a salary that is more
slamgirl [31]

Answer:

$42,000

Explanation:

Let L be the lowest possible salary;

the maximum salary would be (L x 20%) + L = 1.2L

If we want to determine the minimum value for L, we need to assume that everyone else earns the maximum salary: 20 employees earn 1.2L each

L + 20(1.2L) = 1050000

L + 24L = 1050000

25L = 1050000

L = 42000

4 0
3 years ago
Determine your targetarket​
mart [117]

Answer:

A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.

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7 0
3 years ago
Molly is a 30% partner in the MAP Partnership. During the current tax year, the partnership reported ordinary income of $200,000
loris [4]

Answer:

The answer is: C) $62,000

Explanation:

The partnership had a total ordinary income of $200,000. It made guaranteed payments to its three partners (Molly, Amber and Pat) of $20,000 each ($60,000 in total).

So the partnership adjusted income is reduced to $140,000, out of that amount, 30% belongs to Molly. Molly's share of the partnership adjusted income is $42,000.

Molly's total earnings from the partnership are $62,000 ($20,000 + $42,000)

8 0
3 years ago
Cal Lury owes $25,000 now. A lender will carry the debt for four more years at 10 percent interest. That is, in this particular
vitfil [10]

Answer:

$6,185.31

Explanation:

Value of debt at end of 4 years = $25,000 * (1 + 10%)^4

Value of debt at end of 4 years = $25,000 * (1.10^4)

Value of debt at end of 4 years = $25,000 * 1.4641

Value of debt at end of 4 years = $36,602.50

Let x be the annual payments

x * [1 - (1 + 13%)^-12] / 13% = $36,602.50

x * [1 - (1.13)^-12] / 13% = $36,602.50

x * [1 - 0.2307059] / 13% = $36,602.50

x * 0.7692941/0.13 = $36,602.50

x * 5.91764692 = $36,602.50

x = $36,602.50/5.91764692

x = 6185.313266375142

x = $6,185.31

So therefore, his annual payment will be $6,185.31.

4 0
3 years ago
The Hawthorne studies showed that:________
Inessa05 [86]

Answer:

B. work motivation is a function of a wide variety of factors,Including pay,social relationships,meaning interests, and attitudes

3 0
3 years ago
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