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Elza [17]
2 years ago
7

2. "A company's net income appears directly on the income statement and the owner's equity statement, and it is included indirec

tly in the company's balance sheet." Do you agree? Explain.
Business
1 answer:
tamaranim1 [39]2 years ago
8 0

Answer:

Yes, I do agree with the statement

Explanation:

The statement which is stating that the company net income  as well as the statement of the owner's equity both are included or shown indirectly in the company balance sheet . As balance sheet is that statement which tells the financial position or performance of the company at a specific time period.

Because the net income is the outcome of income statement and directly shown or stated in the income statement whereas owner's equity is the capital of the business which is shown in the balance sheet. Net income is already included in retained earnings which means shown indirectly in the balance sheet.

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Danielle has $127.02 in her account before making any transactions. Over the course of a week, Danielle makes the following tran
Elan Coil [88]

Answer:

At the end of the week Danielle is left with $99.91 in her account

Explanation:

The amount of money left in Danielle's account can be expressed as follows;

Amount left in Danielle's account=Initial Account balance+Earnings-Expenses

where;

Amount Left in Danielle's account=x

Initial Account balance=$127.02

And the earnings are as follows;

Garage sale=121.58

Birthday check=75

Total earnings=Birthday check+Garage sale=(75+121.58)=196.58

And the expenses are as follow;

Night out=66.14

Charitable donation=42.25

Doctor's appointment=115.30

Total expenditure=Night out+Charitable donation+Doctor's appointment=(66.14+42.25+115.30)=223.69

Replacing;

Amount left in Danielle's Account=127.02+196.58-223.69=99.91

At the end of the week Danielle is left with $99.91 in her account

8 0
3 years ago
Read 2 more answers
Which of the following statements are correct concerning yield-to-maturity (YTM)?
kolezko [41]

Answer: Options (A), (C) and (D) are correct

Explanation:

Yield to maturity ,is referred to as or known as theoretical IRR or internal rate of return that is earned by a person or investor who tends to buy that bond at the respective market price, also assuming the bond is enclosed till maturity, and further knowing that coupon and other principal payments are to be made on the schedule. YTM is referred to as or known as discount rate on which sum of future cash flow tends to be equal to current price of bond.

5 0
3 years ago
Organizations pursuing which hr strategies would be most likely to use work experience for employee development?
liubo4ka [24]

Loyal soldier and Bargain laborer are the most suitable HR strategies that can be used by organizations to use work experience for employee development.

It is becoming increasingly apparent that human resource practices impact organizational performance and competitive advantage. HR  role has evolved over time. It is now focused on value creation and the need to align HR activities with strategic planning. This change was necessitated by the concept of human capital which includes the skills, judgement and intelligence of a company's employees. The relevance of this connection is evident in Thite study which states that it has a direct involvement in HR delivery and business.

To learn more about HR strategies here

brainly.com/question/8456891

#SPJ4

3 0
1 year ago
Curling is a sport where teams slide stones on ice and attempt to hit targets. Teams consist of four players. Suppose that Bob,
larisa86 [58]

Answer:

Premium is likely to be $180.00

Explanation:

Two players have 40%  chance of slipping

Equally,two players have 20% chance of slipping

bruise cost per slip is $150

Premium=40% chance of slipping*bruise cost*2 players +20% chance of slipping*bruise cost*2 players

Premium=40%*$150*2+20%*$150*2

Premium=0.4*$150*2+0.2*$150*2

premium=$60*2+$30*2

premium=$120+$60

premium=$180.00

If the insurance company offers bruise insurance to the players ,the premium is likely to be in the region of $180.00

8 0
3 years ago
Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and adminis
IgorLugansk [536]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and administrative expenses. The company's product cost of $30 per unit is computed as follows. Direct materials $ 4 per unit Direct labor $ 16 per unit Variable overhead $ 4 per unit Fixed overhead ($600,000 / 100,000 units) $ 6 per unit.

We don't have the information of selling price and units sold.

Income statement:

Sales

Variable costs:

Direct material

Direct labor

Variable manufacturing overhead

Total variable cost (-)

Contribution margin

Fixed costs (-)

Net operating income

3 0
3 years ago
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