1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
CaHeK987 [17]
3 years ago
9

Why is net income lower than gross income?

Business
1 answer:
Rudik [331]3 years ago
4 0
Because net is after costs are taken out of gross income
You might be interested in
Which economic advantages does the united states have compared to other nations?
damaskus [11]

Answer: Large territory, fertile farmlands, huge oil reserves, large population.

Explanation: The United States has one of the largest land mass in the world with a size of more than 9800km^2 most of this land area are of huge economic importance in the areas of : Tourism, farming, fishing, oil exploration, and housing.

Also the United States has a very large human population which serve as a huge market to producers, and also high work force for manufacturing.

6 0
3 years ago
Which one of the following is the financial statement that summerizes a firms revenue and expenses over a period of time?
Aneli [31]

Answer:

income statement is correct

5 0
3 years ago
A corporation was incorporated on January 1, Year 6, with $500,000 from the issuance of stock and borrowed funds of $75,000. Dur
Kazeer [188]

Answer:

A. $598,000

Explanation:

Total assets = Net Capital Invested

Net Capital invested = Equity + Long Term Debt + Net Income - Any dividends distributed = $500,000 + $75,000 + $25,000 - $2,000 = $598,000

Note: The net increase in liabilities from $75,000 to $94,000 that is $19,000 is increase of current liabilities and not of capital invested.

Therefore, that increase in liabilities will not be considered.

Final Answer

A. $598,000

6 0
3 years ago
total fixed costs for diamong enterprises are $700,000. Total costs, including both fixed and variable, are $920,000 if 140,000
Anika [276]

Answer:

i not jop me becous new peale

5 0
3 years ago
A new manager has been in their role for three months. They take time each day to get to know and socialize with their team, and
Len [333]

Answer:

Relationship oriented

Explanation:

Relationship oriented leadership is one that is based based mainly on interaction with people. Such leaders are mentors to their subordinates and get feedback from their reports are incorporated into the decisions they make.

They create a positive work environment and enjoyable.

In this instance the manager takes time each day to get to know and socialize with the team, and often meets with employees to discuss various challenges they are facing.

However as efficiency is down and deadlines are not met. The manager is taking a disproportionate relationship oriented leadership style, and he needs to be autocratic and enforce initiatives to improve efficiency and make them meet deadlines.

3 0
3 years ago
Read 2 more answers
Other questions:
  • The plowback ratio is: equal to net income divided by the change in total equity. the percentage of net income available to the
    9·1 answer
  • Allowance for doubtful accounts has a debit balance of $433 at the end of the year (before adjustment, and bad debt expense is e
    7·1 answer
  • a famous quarterback just signed a $18.0 million contract providing $3.6 million a year for 5 years. A less famous receiver sign
    12·1 answer
  • Hylands is admitted to the partnership of Reddick & Nole. Prior to her admission, the partnership books show Reddick's capit
    11·1 answer
  • According to Maria Halmo, what is the most important aspect of managing finances?
    7·1 answer
  • How has technology changed in education
    5·1 answer
  • Sisyphean Bolder Movers Incorporated has $10 billion debt, a total equity capitalization of $50 billion, and a beta of 2.0. Incl
    10·1 answer
  • The chart shows a sample budget.
    12·2 answers
  • When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of: a. increasing
    7·1 answer
  • Clare sells gourmet boxes of chocolates. One box of chocolates costs Nancy $6.75 to produce. She sells her boxes of chocolate fo
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!