1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SpyIntel [72]
3 years ago
11

Below are the account balances for Cowboy Law Firm at the end of December.Accounts BalancesCash $4,300Salaries expense 1,650Acco

unts payable 2,300Retained earnings 4,250Utilities expense 1,000Supplies 12,700Service revenue 8,200Common stock 4,900Required:Use only the appropriate accounts to prepare an income statement.COWBOY LAW FIRMIncome StatementExpenses: Total expenses Net income
Business
1 answer:
ludmilkaskok [199]3 years ago
4 0

Answer:

$5,550

Explanation:

Preparation of an Income statement

REVENUE :

Service revenue $8,200

Less EXPENSES:

Salaries expense $1,650

Utilities expense $1,000

Total Expenses($2,650)

($1,650+$1,000)

Net income $5,550

($8,200-$2,650)

Therefore the Net income amount for the income statement will be $5,550

You might be interested in
The Crunchy Potato Chip Company sells chips in boxes with a net weight of 846 grams per box . Each box contains ten individual 3
Alinara [238K]

Answer:

0.8

Explanation:

Given:

Number of chips contained in each box = 10

Weight of each packet of chips = 3 ounce

Average weight per box = 853 grams

Upper specification limit of the weight = 846 + 12 grams = 858 grams

Lower specification limit of the weight = 846 - 12 grams = 834 grams

Standard deviation, σ = 5 grams

Now,

Capability index = \frac{\textup{Upper limit - Lower limit}}{6\sigma}

or

Capability index = \frac{858 - 834}{6\times5}

or

Capability index = 0.8

7 0
3 years ago
Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run
Sliva [168]

Answer:

The correct answer is letter "C": Partnership.

Explanation:

A Partnership is an organization where two or more owners operate a business. They share the profits in proportion to their percentage partnership interest. There are two types of partnerships: <em>General Partnerships</em> (unlimited liability) and <em>Limited partnerships</em> (liability proportional to the percentage contribution of the partnership).

7 0
4 years ago
How does a red team versus blue team exercise help an organization
Ber [7]

Answer:

By practicing simulated cyber attacks. They help in improving the security and firewall of organization thereby enhancing their resistance to cyber infiltration.

Explanation:

Organizations may often intend to evaluate and their degree of vulnerability and test their security standard, hence, they employ the use of a simulated threat pattern whereby the red team act as a threat by using several infiltration techniques usually used by actual infiltrators, the blue team on the other hand acts to repel the advances of the red team by implementing security protocols and architecture capable of neutralizing the simulated attacks of the red team. This way organizations beef up their security in other to forestall actual potential attacks against capable of invading their information and digital systems.

8 0
3 years ago
Melanie fitzpatrick is an american expatriate assigned to england. during a business meeting in london with important local cust
melisa1 [442]
If the customer wants "to table" the discussion on price then I assume he wants to hold it for later ie not deal with it right now but defer it to a later date perhaps to when more data is available either from Melanie or from him to be able to make the discussion more meaningful.
4 0
4 years ago
During 2015, Rainbow Umbrella Corp. had sales of $730,000. Cost of goods sold, administrative and selling expenses, and deprecia
Brrunno [24]

Answer:

The company's net income for 2015 is loss $62,000 ( -$62,000)

Explanation:

During 2015, Rainbow Umbrella Corp. had sales of $730,000

Total expense for 2015 = Cost of goods sold + Administrative and selling expenses + Depreciation expenses + Interest expense = $450,000 + $90,000 + $160,000 + $92,000 = $792,000

Sales - Total expense = $730,000 - $792,000 = -$62,000<0

The company recorded loss in 2015 the amount of $62,000 and didnot have to pay tax.

6 0
3 years ago
Other questions:
  • 1. A business incurs the following costs:
    12·1 answer
  • Adrian Corp. sells goods on account for $100,000 on May 1. On May 15, the customer returns $40,000 of the merchandise. The custo
    8·1 answer
  • ________ involves defining the firm's marketing mix variables so that target customers have a clear, distinctive, desirable unde
    11·1 answer
  • If a company is studying the decision processes and actions of people who purchase and use products, the company is focusing on
    6·1 answer
  • The project team toiled long into the night to develop consequence of failure scores and probability of failure scores as indica
    6·1 answer
  • Feb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $14.55 that is immediately used.
    13·1 answer
  • Golddex Corporation has decided to sell some old equipment to make room for a new project. The salvage value of the equipment is
    12·1 answer
  • On January 1, 2018, Olympic Insurance Company granted 30,000 stock options to certain executives. The options are exercisable no
    15·1 answer
  • When comparing short-run average total cost with long-run average total cost at a given level of output, a. short-run average to
    7·1 answer
  • For a branded house strategy, the following is often essential: A. Increased shelf presence in retail store B. One product that
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!