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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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Wolverine, Inc. began operations on January 1 of the current year with a $12,400 cash balance. 45% of sales are collected in the

steposvetlana [31]

Answer:

$7,700 increase

Explanation:

We can determine the change in Wolverine's cash balance by deducting the cash disbursement and operating expenses from the cash receipts.\

Change in cash balance = Cash receipts - Cash disbursement - Operating expense

Change in cash balance = $48,000 - $33,800 -$6,500

Change in cash balance = $7,700

WORKING:

<u>Cash Receipts</u>

Sales

February ( 59,000 x 45%) $26,550

January ( 39,000 x 55%) $21,450

Total $48,000

<u>Cash disbursement</u>

Purchases

February ( 44,000 x 15%) $6,600

January ( 32,000 x 85%) $27,200

Total $33,800

<u>Operating expenses </u>

Incurred $9,400

Depreciation ($2,900)

Net $6,500

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3 years ago

This graph shows the market for pollution when permits are issued to firms and traded in the marketplace. The equilibrium number

DiKsa [7]

Please attach the graph if you can. Otherwise, I cannot answer this question

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3 years ago

The following are the account balances in the ledger of Metcaffe Manufacturing Company compiled at the end of fiscal-year 6/31/2

Marina86 [1]

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2 years ago

Compared with many european countries the party in government system in the united states

ludmilkaskok [199]

<span>Compared with many European countries the party in government system in the united states is less differentiated. (have a lesser amount)

In many European countries, the parties that involved within the government could account to more than 4 parties. Meanwhile, there are only 2 major political parties in the United States, Democratic party and the republican party</span>

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3 years ago

What should a human resources manager focus on when determining an organization's long-term staffing needs

Mkey [24]

What human resources manager focus on when determining an organization's long-term staffing needs is the organization's vision and strategic plan.

<h3>What is Strategic planning?</h3>

Strategic planning can be regarded as the process where an organizational leaders determine their vision.

This helps the leader to prepare for the future as well as identify their goals and objectives for the organization.

Learn more about Strategic planning at;

brainly.com/question/24462624

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2 years ago