Answer:
The first part of the question was missing, so I looked for it:
total revenue = $934,500
net income = $62,260
net profit margin = (net income / total revenue) x 100 = ($62,260 / $934,500) x 100 = 6.662%
if revenue increases by $100,000, then net income should increase by:
$100,000 x 6.662% = $6,662
1d 2b 3c 4a ...............................
Answer:
see below
Explanation:
In this transaction, Rs. 700 is used to pay for rent that the proprietor uses for personal use. The transaction will be captured in the drawings account. A drawing account is used to track all the money owners take from a business for personal use. The amount taken to pay rent, Rs. 700 will be debited Drawings A/c.
The transaction will decrease cash ( asset account) by Rs. 700. A decrease in assets is credited. Therefore, the cash account will be credited by Rs.700
The journal entry will be
Drawings A/c Dr. Rs.700
Cash A/c. Cr Rs.700
Answer:
Letter B is correct
Explanation:
Technology is an engineering science that a company can use to generate methods, processes, studies, and tools to create new, innovative goods and services. It is an extremely important and impactful science worldwide, through technology it is possible to innovate and improve processes and people's lives.
Answer:
The clause is an illegal provision.
Explanation:
An illegal provision is a clause or condition that is unenforceable by it's very nature. Kevin owns all the legal interest in the apartment. Jon has no legal interest in the apartment.
A legal interest refers to the right to legally possess and use a property. This right is enforceable under the law.
If Jon as a broker co-owns the apartment, then the clause or provision he inserted becomes legal. Given that he doesn't, the clause is void <em>ab initio.</em>
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