I believe it B. clients of a competing company
Good luck :)
Answer:
Net Income = $ 1,415
Explanation:
Net income is the excess of total revenue over and above total expenses. A net loss is recorded where the total revenue is less than the total expenses.
In calculating the net loss, revenue must be captured whether or not the cash has been received for sales made. In the same manner, expenses must be accounted for irrespective of whether they have been paid for or not.
So we can calculate the net inome for the firm as follows:
Revenue $
Service 3150
Service <u>2300</u>
5450
Expenses
Rent 1400
Telephone 330
Salaries 1875
Cleaning <u>430</u>
4035
Net Income = 5450 -4035 = $ 1,415
Your profit from not going to the concert would be $19 in profit but going woul cost you $19 so if you go to the concert you will be -$19 of what you gotten if
Answer:
Allowance for Doubtful Account
Accounts written off $56 Beginning balance $375
[$375+$14-$333]
Bad debt expense $14
Ending balance $333
Accounts Receivable (Gross)
Beginning balance $13,389 Accounts written off $56
[$13014+$375]
Net sales revenue $69,943 Cash collected $67,956
[$13389+$69943-$56-$15320]
Ending balance $15,320
[$14987+$333]
I would do make me a millionaire
