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
ki77a [65]
4 years ago
8

Joe Jackson opened Jackson's Repairs, Inc. on March 1 of the current year. During March, the following transactions occurred and

were recorded in the company's books:1. Jackson invested $25,000 cash in the business.2. Jackson contributed $100,000 of equipment to the corporation.3. The company paid $2,000 cash to rent office space for the month.4. The company received $16,000 cash for repair services provided during March.5. The company paid $6,200 for salaries for the month.6. The company provided $3,000 of services to customers on account.7. The company paid cash of $500 for monthly utilities.8. The company received $3,100 cash in advance of providing repair services to a customer.Based on this information, net income for March would be:
Business
1 answer:
hram777 [196]4 years ago
7 0

Answer: $10,300

Explanation:

Total expenses = Rent Expense + Utility expense + Salaries Expense

                          = $2,000 + $500 + $6,200

                          = $8,700

Revenue from Repair Service = 16,000 cash received + 3,000 provided on account

                                                 = $16,000 + $3,000

                                                = $19,000

Net income = Revenue from Repair Service - Total expenses

                    = $19,000 - $8,700

                    = $10,300

You might be interested in
The first coupon was distributed for what product?.
Effectus [21]

Answer:

Believed to be the first coupon ever, this ticket for a free glass of Coca-Cola was first distributed in 1888 to help promote the drink. By 1913, the company had redeemed 8.5 million tickets.

8 0
2 years ago
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coco
timurjin [86]

After the trade the other island has a total of 150 coconuts and 1300 fish.

<h3>What do you mean by the comparative advantage?</h3>

Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.

One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.

Here, both the islands focus only on the making of the thing they're best at doing.

Learn more about the comparative advantage here:-

brainly.com/question/13221821

#SPJ1

3 0
2 years ago
Read 2 more answers
The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at
LekaFEV [45]

Answer:

the current stock price is $34.40

Explanation:

The computation of the current stock price is shown below:

Current price is

= D1 ÷ (Required return - Growth rate)

= (2.15 × 1.04) ÷ (0.105 - 0.04)

= $34.4

Hence, the current stock price is $34.40

We simply applied the above formula so that the correct answer could come

7 0
3 years ago
Question 2 (1 point)
astra-53 [7]

Answer:

A large pediatric practice looking for an office manager

Explanation:

An office manager requires management and administrations skill to discharge their duties effectively. When working in a hospital, a medical background is critical.

A bachelor's degree in business administration prepares students to be good managers. A large pediatric practice looking for an office manager will need a business administration degree holder's skills. Since Joanna studied medicine and business administration, she should be the ideal person to work as an office manager at the pediatric center.

5 0
3 years ago
Read 2 more answers
Consider two ways to protect your car from theft. The Club is a conspicuous steering wheel lock that makes it difficult for a th
Snezhnost [94]

Answer and Explanation:

According to the given situation,

The car with the club enforces on the car without the club a negative externality if a robber experiences a car with the club and a car without them. A policy implication of that result is a tax on those who use the club.

If a car thief reaches two cars even without club, however the car thief is afraid to build a lojack system in one of cars, the car with the Lojakc system forces on the other car positive externality. A resulting policy consequence is a subsidy for those who use the Lojack system.

7 0
3 years ago
Other questions:
  • The goal of the __________ is to resolve any pending project-related issues, critique the overall effort of the project, and dra
    12·1 answer
  • According to a recent study, the AIS strategic role that has the greatest impact on shareholder value is:
    14·1 answer
  • In their business​ partnership, George has an ownership interest of 56​% and Ben has an ownership interest of 44​%. In the curre
    15·1 answer
  • To reduce the level of pollution emitted by firms in an industry, the government could use a cap and trade policy or a carbon ta
    8·1 answer
  • Marwick Corporation issues 8%, 5-year bonds with a par value of $1,100,000 and semiannual interest payments. On the issue date,
    8·1 answer
  • The portfolio with the lowest standard deviation for any risk premium is called the_______. A.efficient frontier portfolio B.CAL
    10·1 answer
  • If the members of a limited liability company want to reinvest profits in the business, they may opt for the firm to be taxed as
    12·1 answer
  • Adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the
    7·1 answer
  • BUS/475 I need the attachment done on Starbucks coffee company in APA format for citations and references please.
    13·1 answer
  • How do you ensure that your proposed it governance strategy and plan are working?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!