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3 years ago

The balance sheet reports a.net income. b.expenses. c.revenue. d.liabilities.'

Business

1 answer:

aev [14]3 years ago

5 0

Hey Friend.

The answer is

d. Liabilities.

a, b & c is found in the income statement, not in the balance sheet.

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The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ende

Debora [2.8K]

Answer:

Explanation:

Sales 1,312,750 [4450*295]

Variable Costs

Variable production costs :

Plastic for casing 185,000

Wages of assembly workers 510,000

Drum stands 230,000

Variable selling costs :

Sales commission 175,000

<u>Total Variable Costs 1,100,000 </u>

Contribution Margin 312,750

Less: Fixed Costs

Taxes on factory 5000

Factory maintenance 10,000

Factory machinery depreciation 70,000

Lease of equipment for sales staff 10,000

Accounting staff salaries 60,000

Administrative management salaries 140,000

Total fixed costs 295,000

Profit Before Tax 17,750

Less: Income tax [17,750*30%] 5,350

Net income 12,425

6 0

3 years ago

The inflation tax is the effect on the public of

shusha [124]

Inflation tax is an effect afflicted to the public due to holding of cash at the time of high inflation rates. As the government produces more money by printing authenticated paper assets, the inflation rate increases. This is why production of cash money is closely regulated.

7 0

4 years ago

QUESTION 1

ella [17]

Answer:

D. sociological imagination

Explanation:

sociological imagination refers to the way we see how personal experiences felt by certain individuals lead to a certain outcome.

This could be used in analyzing people's preference in music.

Let's use reggae music for example.

Even though we can't apply this to all reggae music, large majority of its rhythm tend to be really slow and relaxing and the lyrics that the reggae artists used tend to be revolved around maintaining peace and enjoying life.

With this very characteristics alone, people who have the desire or personality to maintain peace and enjoy life has the higher chance to develop strong preference to this genre of music compared to let's say teenagers who are in their rebellious phase.

3 0

3 years ago

Ramona owns a small coffee shop, where she works full-time. Her total revenue last year was $100,000, and her rent was $3,000 pe

Radda [10]

Answer:

Implicit Costs = $35,000

correct option is b. $35,000

Explanation:

given data

total revenue = $100,000

rent = $3,000

overhead averages = $500 per month

Ramona earn = $35,000 per year

to find out

total implicit costs

solution

we know that here Total Rent paid is

Total Rent paid = 3000 × 12

Total Rent paid = $36000

and

Total employee payment = 2000 × 12

Total employee payment = $24000

and

Total ingredient and overhead = 500× 12

Total ingredient and overhead = $6000

and

Explicit Costs = 36000 + 24000 + 6000 = $66000

so here

Implicit Costs = The opportunity cost of not working as a manager

Implicit Costs = $35,000

correct option is b. $35,000

5 0

3 years ago

On July 1 of the current year, the assets and liabilities of Wong Industries, are as follows: Cash, $15,000; Accounts Receivable

lisov135 [29]

Answer:

C. $56,700

Explanation:

From the accounting equation which shows the relationship between the elements of a balance sheet namely;asset, liabilities and equity.

Asset = liabilities + equity

Total assets = $15,000 + $12,300 + $3,100 + $35,000 = $65,400

Total liabilities = $8,700

Stockholders’ equity = $65,400 - $8,700

= $56,700

The stake of the owners of the company is $56,700

5 0

3 years ago