Answer:
<u>Riverbed Company</u>
<u>Income statement for the year July 31, 2022</u>
Service revenue 61,900
<u>Add Other Incomes</u>
Rent revenue 8,500
70,400
<u>Less Expenses</u>
Salaries and wages expense 52,000
Utilities expense 22,600
Depreciation expense 3,500 (78,100)
Net Income / Loss (7,700)
Explanation:
In the Income Statement, we record Revenues and Incomes only. This Statement is used to calculate the Profit earned during the Reporting Period.
Answer:
10,600
Explanation:
total:The equivalent units of conversion for April total = April units completed + 40% of conversion costs that are added evenly to units remaining in production = 9,000 + (4,000 × 40%) = 10,600 Equivalent units of conversion
Answer:
about 210
Explanation:
hope i got this one right 210 time 24 that two yours then you get 5100 and you have more
<u>Explanation:</u>
The revenue for the government is sourced through taxes. The government spends the tax money in three categories they are compulsory spending, discretionary spending and paying interest on the federal debt.
Mandatory spending by the government includes spending for medical aid, social security and other welfare programs such as unemployment, child nutrition programs, under privileged families etc. Discretionary spending is used for defense and non defense expenses. Non defense expenses are urban development. Veterans and students education are the other programs for which the government spends.
Answer:
(1) If discount rate is 7%, present value of $1,400 paid in three years is $3,674.04
(2) If discount rate is 8%, present value of $1,400 paid in three years is $3,607.94
(3)If discount rate is 9%, present value of $1,400 paid in three years is $3,543.81
Explanation:
We can use excel or manually calculate as below:
(1) Discount rate is 7%:
= $1400/(1+7%)^3+$1400/(1+7%)^2+$1400/(1+7%) = $3,674.04
(2) Discount rate is 8%:
= $1400/(1+8%)^3+$1400/(1+8%)^2+$1400/(1+8%) = $3,607.94
(3) Discount rate is 9%:
= $1400/(1+8%)^3+$1400/(1+9%)^2+$1400/(1+9%) = $3,543.81
I attached the calculation in excel for your reference.