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SVEN [57.7K]
3 years ago
8

ABC Company has the following amounts in its multiple step income statement: revenues of $5,000; operating expenses of $4,000; a

nd income tax expense of $200. What is ABC Company's income from operations
Business
1 answer:
Nutka1998 [239]3 years ago
6 0

Answer:

$1000

Explanation:

Operating income is the income from the regular business operation before adjusting for taxes and interest. Operating income is similar to EBIT, which stands for earnings before interest and taxes.

For ABC company,  revenue is $ 5,000

Operating expense is $ 4,000

Income tax is $200

operating income

= $5000-$4000

=$1000

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If a company states in its advertisements that 10 percent of all profits go to planting trees in various parts of the​ world, th
Korolek [52]

Answer:

C. GREEN MARKETING

Explanation:

Green Marketing is marketing of products proclaimed as environmentally safe. This marketing incorporates many important P's of Marketing : Product ('<em>green' p</em>roduction process), Packaging (eg: biodegradable).

This type of marketing can also includes  'Corporate Social Responsibility' , investment in environmental upgradation as is the case in the question.

Value Proposition is statement to consumers' convincing their product distinctive worthiness. Brandfest is prospecting consumers collecting event , eg- exhibition. Branded Content is marketing through creation & dissemination of content . None of these three are related to it.

3 0
3 years ago
You work as an assistant coach on the university swim team and earn $13 per hour. One day, you decide to skip the hour-long prac
Olegator [25]

Answer:

The answer is: $22

Explanation:

In order to calculate the cost of skipping practice, we have to calculate the total sum of the deficit incurred within the period, and this includes the money that would have been earned during that hour of practice if it had been attended (opportunity cost of time), and the admission fee into the carnival. This calculation is shown below:

Opportunity cost of time = $13

cost of admission into carnival = $9

Total cost of skipping practice = opportunity cost of time + cost of admission into carnival

= 13 + 9 = $22

3 0
3 years ago
Irene wants to start a business selling t-shirts. irene's top priority is that she alone has complete control over management de
antoniya [11.8K]

The answer is LLC or also known as Limited Liability Company. This type of hybrid legal entity has the characteristic of mixed characteristics of a partnership, sole proprietorship and even a company in which they have a limited liability that could also be similar to shareholders in a corporation.

3 0
3 years ago
Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $
vodka [1.7K]

Answer:

10.38%

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

= (1 + nominal interest rate ÷ periods)^ number of period - 1

The nominal interest rate is shown below:

= $250 × 4 ÷ $10,000

= $1,000 ÷ $10,000

= 0.1

Now the effective annual rate is

= (1 + 0.1 ÷ 4)^4 - 1

= (1 + 0.025)^4 - 1

= 1.025^4 - 1

= 10.38%

Since the interest rate is measured on a quarterly basis, we know there are four quarters in a year and we do the same in the calculation part.

This is the answer but the same is not provided in the given options

4 0
3 years ago
American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed const
Simora [160]

Answer:

Following are the solution to this question:

Explanation:

Answer   \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  Installment  \ Amount  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ = \frac{4700000}{PVAF(11\%,4)} = 1,514,934

Answer \  1    \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \    Machinery A/c   \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                     4,700,000\\\\

                     \text{To Lease Payable} A/C                    \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                   4,700,000    \\\\ \text{(Being machine purchased on lease)}

Answer \ \ 2                   years \ \ \ \ \ \ \ \  Outstanding \ \ Amount  \ \ \ \ \ \ \ \ Installment \ \ \ \ \ \ \ \ Interest (11 \%)   \ \ \ \ \ \ \ Closing \ on \ Due \\\\    0   \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  4,700,000  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \  \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \          \ \ \ \ \ \ \ \ \     4,700,000   \\\\1    \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \     4,700,000    \ \ \ \ \ \ \ \ \ \ \ \    1514934      \ \ \ \ \ \ \ \ \ \ \ \ \ \     517000      \ \ \ \ \ \ \ \ \ \ \ \    3702066\\\\

2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3,702,066 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1514934  \ \ \ \ \ \ \ \ \ \ \ \ \ \ 407227 \ \ \ \ \ \ \ \ \ \ \ \ \ \   2594359 \\\\3  \ \ \ \ \ \ \ \ \ \ \ \ \ \  2,589,359  \ \ \ \ \ \ \ \ \ \ \ \ \ \    1514934  \ \ \ \ \ \ \ \ \ \ \ \ \ \     285380   \ \ \ \ \ \ \ \ \ \ \ \ \ \   1364805\\\\4  \ \ \ \ \ \ \ \ \ \ \ \ \ \       1,364,805   \ \ \ \ \ \ \ \ \ \ \ \ \ \  1514934   \ \ \ \ \ \ \ \ \ \ \ \ \ \    150129  \ \ \ \ \ \ \ \ \ \ \ \ \ \    0    \\\\

Answer \ \ 3        \ \ \ \ \ \ \ \ \ \ \ \ \ \          Lease Payable \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  997,934

                            expenses \ \  Interest \ \ \ \ \ \ \ \ \ \ \ \ \ \      517,000\\\\                       To\ \ cash \  A/c    \ \ \ \ \ \ \ \ \ \ \ \ \ \                                     1,514,934 \\\\                   \text{(First Installment Paid)}            

Answer \ 4  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                   Lease payable     \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \                     1,229,554

                              expenses \ \                       Interest         \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \   285,380\\\\                          To cash A/c    \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \                                      1,514,934\\\\                  \text{(Third Installment Paid)}

6 0
3 years ago
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