Answer:
the net income for the year 2022 of Swifty is $71000
Explanation:
The computation of the net income is shown below:
As we know that
The net income is
= revenues - expenses
= $743,000 - $672,000
= $71,000
Hence, the net income for the year 2022 of Swifty is $71000
We simply applied the above formula so that the correct value could come
Expected rate of return is defined as the amount of money an individual gets on investment.
<h3>What is expected return?</h3>
The expected return is the amount of profit or addition on money invested that an individual who is an investor is expected to get after a periods of time on the investment.
Therefore, expected rate of return is defined as the amount of money an individual gets on investment.
Learn more on rate of return below
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Answer:
Units transferred out = 760
Explanation:
If we assume that all units are completed in the order of arrival i.e (FIFO), then the units transferred out is the sum of the opening inventory and the units started and completed in the period. The units started and completed in the period is referred to fully-worked.
Fully worked is computed as the units started in the period less the closing inventory .
Fully- worked = 800 - 240 = 560
The units transferred out = opening inventory + Fully-worked
= 200 + 560 = 760
Units transferred out = 760
Note we assumed that the units of the inventory( started last period i.e January) would be worked on first in the month of February before any other units. So, it is assumed completed by the end of February
Just based off of my own life, I'd say c.
