The Net Income for the quarter is give as: $90,850. See the attached for more explanation.
<h3>What is an Income Statement?</h3>
An income statement summarizes a company's sales, costs, and profitability over time. It is sometimes referred to as a profit-and-loss (P&L) or earnings statement.
It displays your revenue from the sale of goods or services expenditures to produce income and run your company
It is important to note that when there is a short fall between expense and income, it is referred to as Net Loss. The net financial position is derived by removing the sum of all expenses from the sum of all income streams.
The three main parts of an income statement is:
- Revenue
- Expenses; and
- Profit.
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Answer:
Douglas McGregor
Explanation:
Douglas MacGregor is widely known for his theories termed as Theory "X and Theory " Y". In his attempt to derive at this theory, he utilized Maslow’s work as the basis for his own work defining two different types of managers.
Douglas MacGregor is also considered as a social psychologist who focused on management in business-related issues.
Hence, the right answer is Douglas MacGregor
Answer:
Credit to cash for $3,000
Explanation:
Based on the information given the appropiate the journal entry to record payment of this invoice after the discount period has expired is: CREDIT TO CASH FOR $3,000 which is calculated as (1/2*$6,000).
Credit to cash for $3,000
(To record payment of invoice after the discount period has expired)
Answer:
The answer would be B
Explanation:
Capacity requirements planning helps managers reconcile WHAT IS NEEDED with WHAT IS POSSIBLE.
The state of Texas encourages the parties to resolve all conflicts and disputes through alternative dispute resolution procedures such as mediation.
Mediation is an act or process of mediating by helping to settle a dispute or create agreement when there is conflict between two or more people or groups. This conflict is usually settled when the parties meet with a mutually selected impartial and neutral person who assists them in the negotiation of their differences.
Texas in United States, encourages the parties who are yet to resolve all conflicts and disputes between them, by mediation. As mediation will help them in settling down their differences.
Hence, mediation is quite necessary in order to resolve all conflicts and disputes.
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