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sineoko [7]
3 years ago
14

Sunny Corporation began the year with cash of $ 141, 000 and land that cost $ 55, 000. During the year Sunny earned service reve

nue of $ 250 comma 000 and had the following​ expenses: salaries, $ 190 comma 000​; ​rent, $ 80,000​; and​ utilities, $ 28,000. At​ year-end Sunny​'s cash balance was down to $ 15 comma 000. How much net income​ (or net​ loss) did Sunny experience for the​ year?
Business
1 answer:
BabaBlast [244]3 years ago
8 0

Answer:

Net Loss experienced during the year = ($48,000)

Explanation:

Provided information we have,

Revenue for the year = $250,000

Costs incurred during the year

Salaries = $190,000

Rent = $80,000

Utilities = $28,000

Total cash cost = $298,000

Thus, net income or (loss) = Total Revenue for the year - Total cost for the year

Thus, Net Income or (Loss) = $250,000 - $298,000 = ($48,000)

Therefore, Net Loss experienced during the year = ($48,000)

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Free_Kalibri [48]

Answer: b. select appropriate corporate-level strategies

Explanation:

Prior to setting pricing options for its products to maximize profit, a company must select appropriate corporate-level strategies.

This is necessary in order to ensure that the strategies aligns with what the organization is willing to do in order to achieve its profit maximization goal.

7 0
3 years ago
Martin is comparing the characteristics of his company's water filters with those that are already being marketed in the local m
sweet [91]

Answer:

A) relative advantage

Explanation:

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4 0
3 years ago
What role do entrepreneurs plays in the u.s economy?
shepuryov [24]
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4 0
3 years ago
2. NEIU Company has no beginning and ending inventories, and reports the following information for its only product: Direct mate
Mrac [35]

Answer:

Product cost per unit = $13

Explanation:

<em>Absorption costing values units of inventory and production using full cost per unit. Full cost per unit includes variable cost and a portion of fixed production overheads. The fixed production overhead are charged to cost units using predetermined overhead absorption rate.</em>

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads.

Total full absorption cost = 125,000 + 100,000 + 75,000 + 25,000=325,000

Full cost per unit = Total full absorption cost/Number of units

                            = 325,000/25,000 =$13

<em>Note that we excluded non- production cost like selling and administrative from the computation because they are not related to production</em>

Product cost per unit = $13

4 0
2 years ago
During the ________ era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising a
Vilka [71]
Hello There!

<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>

Hope This Helps You!
Good Luck :) 

- Hannah ❤
8 0
3 years ago
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