Answer:
$23,500
Explanation:
Net income is arrived at by deducting relevant expenses for the year from the gross income for the year. In this question, sales income is used to represent gross income. The net income can therefore be calculated as follows:
Net Income = Sales income - Expenses other than rent and interest - Rent - Interest
Net Income = $66,000 - $40,000 - [$45,000 × (1/18)] - 0
= $66,000 - $40,000 - $2,500 - 0
= $23,500
Therefore, net income is Yolanda's net income $23,500.
Note that [$45,000 × (1/18)] is used to calculate rent for only one which is December of the calendar year since the rent was paid for 18 months.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Exporting is almost always a technique to improve a company's revenue because the worldwide market is substantially greater than the domestic market. True.
What does export mean?
Exporting is the process by which businesses from one nation sell their products and services to clients or customers in another nation. Energy and natural resources, as well as raw materials like food or textiles and completed consumer goods like electronics, are frequently exported between nations.
Exporting is the practice of producers and merchants who sell their wares to consumers in other countries. One approach for firms to expand their potential market, increase revenue, and expand is by exporting.
to know more about exporting
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Answer: B. Offering promotions C. By advertising D. Cultivating brand loyalty
Explanation:
Answer:
A. $2,900.
Explanation:
Beginning balance of Office Supplies account = $600
Ending balance of Office Supplies account = $400
Supplies expense for the year = $3,100
Ending balance of Office Supplies account = Beginning balance of Office Supplies account + Purchases for the year - Supplies expense for the year
Purchases for the year = Ending balance of Office Supplies account + Supplies expense for the year - Beginning balance of Office Supplies account
Purchases for the year = 400 + 3100 - 600
Purchases for the year = 2,900
