Proof of income statement.
Revenue
Service revenue 38300
Expense
Salaries and wages expense 15700
Insurance Expense 2300
Rent Expense 4600
Supplies expense 1200
Depreciation Expense 1400
Total expense 25200
Net income 13100
Sales are the sum of the revenue generated from the sale of goods or services related to the company's main activities. Income, also known as gross income, is often referred to as the "top line" because it is at the top of the income statement. Income or net income is the total profit or profit of the business.
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True, Differentiation on the basis of innovation and technological competency depends on the research and development function.
Technology is the result of accumulated knowledge and the application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all mechanical and electronic devices, with or without detailed knowledge of their function, for the intended purpose of an organization.
The technology of society consists of so-called systems. A system works by taking input, modifying that input through what is called a process, and producing a result that achieves the intended purpose of the system.
The earliest and simplest form of technology is the development of knowledge leading to the application of basic tools. The prehistoric invention of carved stone tools and the discovery of ways to control fire has increased the food sources available to humans.
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Answer:
A governmental audit may extend beyond an examination leading to the expression of an opinion on the fairness of financial statement presentation to include
investigation of the economy, efficiency and effectiveness of operations.
Explanation:
This is known as a value for money audit. It is an independent evidence-based investigation which examines and reports on whether economy, effectiveness, and efficiency have been achieved in the use of governmental funds, which are public funds. This is how many audits for governmental funds are conducted, by expanding the scope to include these three important operational elements.
Answer:
A new policy introduced.
Explanation:
Since you are working for the forestry service the one best way to enhance supply would be to introduce a new policy to enforce planting of trees, at the same time reducing the amount of trees to be cut down by local logging companies, by making it illegal to do so.
Next, as the new policy is implemented, the demand for trees would reduce with an increasing demand for forestry services to provide helpful guide on growing new trees.
A steady, sustainable profit lasting is guaranteed since more trees planted means more trainings, which means more services rendered and more service fees charged.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Cash inflows:
Year 1= $11,000
Year 2= $24,000
Year 3= $36,000
To calculate the present value, we need to use the following formula:
FV= PV*(1+i)^n
Isolating PV:
PV= FV/(1+i)^n
Year 1= 11,000/(1.12)= $9,821.43
Year 2= 24,000/(1.12^2)= $19,132.65
Year 3= 36,000/(1.12^3)= $25,624.09
Total= $54,578.17
