Answer:
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Explanation:
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Answer:
B. $12,500
Explanation:
Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.
Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.
In this case, the beginning balance was $10,000 and the entry was $2,500
Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500
Answer:
Lake's operating income is $120000
Explanation:
Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.
The formula for operating income = Sales - Cost of Sales - operating expenses.
The operating expenses here, are = Advertising + Salaries + Utilities
Thus, operating expenses = 60000 + 55000 + 25000 = $140000
The Operating Income = 440000 - 180000 - 140000 = $120000
Answer:
The answer is B In horizontal percentage analysis, a financial statement line item is expressed as a percentage of the previous balance of the same item.
Explanation:
Horizontal analysis of a balance sheet shows changes in individual assets, liability, and equity items over time.
Horizontal analysis of an income statement compares the amount of each item on a current income statement with the same item on an earlier income statement.
Horizontal analysis is used in financial statement analysis to compare historical data, such as ratios, or line items, over a number of accounting periods. Horizontal analysis can either use absolute comparisons or percentage comparisons, where the numbers in each succeeding period are expressed as a percentage of the amount in the baseline year, within the baseline amount being listed as 100%.
Answer:
The organizational structure refers to the way in which a company's resources are organized, that is, it is the way in which the company is divided into departments, positions and tasks, and thus operates effectively towards its objectives and market goals.
Understanding the concept of organizational structure, we realize how necessary it is to understand the internal and external variables of an organization such as its macro environment, its size, technology and strategy before designing the organizational structure, as this will be decisive in making the business well positioned and competitive in the market, as the structure must be aligned with the organization's purposes, as an ideal structure brings several advantages to the business, such as:
- improved productivity, improved internal and external communication, better time management, greater responsibility, greater job satisfaction, greater integration, greater control of resources, etc.
