Answer:
net income = $106,000
Explanation:
net income = total revenues - total expenses = $772,000 - $666,000 = $106,000
Any additional capital raised will increase the company's cash flows (financing activity) and any dividends distributed will decrease them (another financing activity), but they do not affect the company's net income.
Answer:
MC = 750
Explanation:
Below is the given values:
Initial quantity = 8
Final quantity = 10
Initial total cost = $9500
Final total cost = $11000
Marginal cost = Change in total cost / Change in quantity
Change in total cost = 11000 - 9500 = 1500
Change in quantity = 10 - 8 = 2
Marginal cost = Change in total cost / Change in quantity
MC = 1500 / 2
MC = 750
Answer: b. It can identify transactions where the transaction date is in a future period and the cleared date is in the statement period
.
Explanation:
QuickBooks online uses machine learning based on the transactions that it conducts with its millions of users so that it provides a better experience for those same users.
One way machine learning is used is in reconciliation where it identifies transactions that may have a future date but by virtue of their clearing dates should be in the current period and so may have been hidden.
