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3 years ago

Which are my revenues and which are my expenses (besides ones that say expense)? And what should be my net income?

Business

1 answer:

Tasya [4]3 years ago

3 0

Rent expense, land purchased, utility, salary expense, accounts payable, dividend, salaries, insurance---that is your expense for the year. Look at your income is Retained earning, accounts receivable, service revenue, common stock. Add all the expense and subtract from earning that will be your net income.

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Home depot, a large home improvement retailer, used research to learn that 25 percent of the time when customers bought a drill,

bagirrra123 [75]

This technique is called data mining.

5 0

4 years ago

Hi-Tech, Inc., reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss

Greeley [361]

Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.

The net cash flows from operating activities can be calculated using the following method:

Millions

1. Net Income 65

Add Non Cash Deductions

2. Depreciation 5.5

3. Loss on sale of Equipment 1.5

Add / (Less) the increase or 

decrease in current Assets or 

liabilities

4. Increase in Trade Receivables (2.5)

5. Increase in Trade Payables 3.5

6. Increase in inventory (4.5)

Net Cash Flows from operating activities $68.5

4 0

4 years ago

Identify which documents Max needs to open a bank account.

MissTica

Government issued picture ID, as well as a second form of ID. Preferably a social security card.

4 0

3 years ago

An example of a microeconomic phenomenon is: Select one: a. Global warming research turns out to correctly predict the weather i

IgorC [24]

Answer:

The correct answer is letter "E": None of the above.

Explanation:

Microeconomics deals with the economic choices of individuals and small companies. Jointly, these individual decisions influence the demand for and supply of goods and services in the economy. One of the subjects most discussed in microeconomics is the supply, demand and equilibrium model.

A) Global warming research turns out to correctly predict the weather in the future. (No major impact in economy)

B) The dictator of a country builds ten new airports. (Macroeconomic)

C) A child buys a delicious chocolate bar. (No major impact in economy)

D) The country of Montenegro adopts the Euro. (Macroeconomic)

None of the statements above represents a microeconomic phenomenon.

4 0

3 years ago

In the fictional country of Dirian the economics statistics department has been busy calculating the price index for a basket of

inysia [295]

Answer:

Inflation refers to the general rise in price levels of goods and services in an economy.

$Inflation = \frac{CPI in current year - CPI in previous year}{CPI in current year} *100$