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Alexxx [7]
3 years ago
12

Dynamic production services started the year with total assets of? $130,000 and total liabilities of? $50,000. the company is a

sole proprietorship. the revenues and the expenses for the year amounted to? $100,000 and? $60,000, respectively. during the? year, there were no new capital contributions and the owner withdrew? $45,000. calculate? dynamic's net income for the year.
Business
1 answer:
lana66690 [7]3 years ago
6 0
Dynamic Production Services net income for the year is $40,000.00
[$100,000.00 (revenues) - $60,000.00 (expenses) = $40,000.00]

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All of the following are permitted investments in individual retirement accounts except: _______
yaroslaw [1]

All of the following are permitted investments in individual retirement accounts except commodity futures.

<h3>What is commodity futures?</h3>

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5 0
1 year ago
What form of payment is directly tied to a customer's bank account?
r-ruslan [8.4K]
I’m sure it’s B. Debit Card
6 0
3 years ago
ring its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Year Net Income D
miv72 [106K]

Answer: See explanation

Explanation:

The retained earnings will be calculated as:

= Begining retainers earnings + Net income - Dividend.

Year 1:

Retained earning = 0 + 2000 - 1700

= 300.

Year 2:

Retained earning = 300 + 2600 - 1600

= 1300

Year 3:

Retained earning = 1300 + 2600 - 2200

= 1700

Year 4:

Retained earning = 1700 + 5900 - 2900

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Year 5:

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3 0
3 years ago
The following amounts were selected from the production report of Chandon Corporation: Actual units in production 42,000 Equival
SpyIntel [72]

Answer:

Total cost is equal to $81300

So option (c) will be correct answer.

Explanation:

Actual unit of production = 42000

Cost of per equivalent material = $1.10

Equivalent cost of material = =42000\times1.1=46200$

Equivalent cost of labor = =39000\times 0.9=35100$

Therefore total cost of production = $46200+$35100 = $81300

So total cost will be $81300

Therefore option (c) is the correct answer

5 0
3 years ago
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azamat

Answer:Highlight celebrities who use Sumac e-readers.

Explanation:

According to the question, due to tough competition in market regarding the e-reading product , Sumac industries wants that they can have superior position in e-reader market than other e-reader business organizations.Thus,they want a secure position for their company.

A good strategy for maintaining their position can be done through putting spot-light on the celebrity users of Sumac e-reader.This will be highlighted among celebrity fans or followers and general customers. It will promote or inspire people to purchase Sumac e-reader more as celebrities are using their product.

6 0
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