Answer:
$260,000
Explanation:
The computation of the total amount of the net income earned is shown below:
Sales Revenue $800,000 ×1.10 $880,000
Less Variable Costs $200,000 × 1.10 -$220,000
Contribution Margin $660,000
Less: Fixed Costs -$400,000
Income from operations $260,000
We simply deduct the variable cost and the fixed cost from the sales revenue so that the income from operations or net income could come
Answer:
Debit Credit
Accounts Receivable 2,900
Sales 2,900
Cost of goods sold 1,600
Merchandise 1,600
Accounts Receivable 4
Interest revenue 4
Explanation:
Answer:
The answer is B. Access to investment advice
Explanation:
In most countries, financial institutions are banks. Clients may obtain financial services from banks. The most popular purposes or characteristics of a bank or financial institution are to include accounts for people to deposit their money, check books for people to withdraw their money and do other financial activities, ATM access, and many other things.
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The annual IRS depreciation deduction is $40,375.
Depreciation deduction is an annual profits tax deduction that permits you to recover the value or other basis of sure property over the time you operate the property. Depreciation = (Cost of the property - Salvage value)/Serviceable lifetime; ($475,000 × 0.85)/10 = $40,375.
Depreciation is allotted with the intention to price an honest proportion of the depreciable quantity in each accounting period throughout the predicted beneficial life of the asset.
Depreciation is used on an earnings announcement for almost every business. It is listed as an expense, and so needs to be used each time an object is calculated for yr-quit tax functions or to decide the validity of the item for liquidation functions.
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Answer:
c.) $1.73
Explanation:
Price =
D0= Last dividend paid
r= rate of return
g = growth rate
Price =
Price = 0.207 / 0.12
Price = 1.725
Therefore, the current value of the stock is $1.73