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3 years ago

If Expenses are greater than income, you have a surplus

Business

1 answer:

Hunter-Best [27]3 years ago

6 0

False. It's called net income.
A surplus is when your income exceeds your expenses.

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How to study using a 450 pg online college textbook in which you are asked detailed questions and scenarios.. It's overwhelming.

ArbitrLikvidat [17]

Answer:

Explanation:

There are many things in life that will seem overwhelming due to the how large and complex all of the data may be. The best way to get through these moments is to divide the task into smaller parts and sit down and dedicate time to it. For such a textbook divide the total amount of pages and read a little bit at a time, take breaks, reflect on what you have read, answer practice questions, and continue to the next group of pages. You will see after getting started that it is not as overwhelming anymore.

7 0

3 years ago

Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50

Kipish [7]

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

$MC=\frac{80}{75}\\MC=\$1.07$

The marginal cost is $1.07.

3 0

3 years ago

Gutierrez Company reported net income of $225,000 for 2017. Gutierrez also reported depreciation expense of $45,000 and a loss o

Anestetic [448]

Answer:

Gutierrez Company

Cash Flow statement

for the year 2017

Net Income 225,000

+ Depreciation 45,000

+ Decrease in receivable 15,000

+ Increase in payable 17,000

+ Decrease in prepaid expenses 4,000

Net cash flow from operating activities 306,000

Explanation:

Depreciation is an non cash expense so it will be added to the net profit for the calculation of cash flow from operating activities. Decrease in receivable, Increase in payable and decrease in prepaid expenses result in the inflow of cash. So, they are all added in the operating income value.

4 0

3 years ago

The best way to ensure the accuracy and safety of your accounts is to:

Elden [556K]

The best way to ensure the accuracy and safety of your accounts is to : monitor your online accounts regularly
You can never now if somehow your connection is monitored and compromised. Checking your accounts regularly will help you to be prepared for unexpected occurrences

hope this helps

7 0

3 years ago

Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a d

Pavlova-9 [17]

Answer:

$2,300,000

Explanation:

The formula to compute the operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - operating expenses - depreciation expense

= $7,000,000 - $4,000,000 - $1,000,000

= $2,000,000

And, the income tax expense is

= $2,000,000 × 0.35

= $700,000

So, the value would equal to

= $2,000,000 + $1,000,000 - $700,000

= $2,300,000

We simply applied the above formula

7 0

3 years ago