Answer:
Explanation:
Before preparing the income statement, first, we have to compute the net income or net loss. So, the calculation is shown below:
In the simplest form, the net income = Total revenue - total expenses
= Ticket Revenue - aircraft fuel expense - income tax expense - interest expense - Repairs and Maintenance Expense - Salaries and Wages Expense - Landing Fees Expense
= $21,100 - $9,500 - $270 - $210 - $2,000 - $3,400 - $3,900
= $1,820
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
due diligence - reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something.
Answer:
Bev's markup per mat in dollar is 20$
Bev's markup per mat in percentage is 50%
i think
Explanation:
Answer:
The correct answer is $2971.71 ( approx.).
Explanation:
According to the scenario, the given data are as follows:
Present value (PV) = $2,500
Rate of interest (r) = 2.5%
Time period (t) = 7 years
So, we can calculate the Future value by using following formula:
FV = PV ( 1 + r)^t
By putting the value, we get
FV = $2,500 ( 1 + 0.025)^7
FV = $2,500 × 1.18868575367
FV = $2971.71 (Approx.)
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