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alekssr [168]
3 years ago
9

June

Business
1 answer:
bazaltina [42]3 years ago
5 0

Answer:

........................Income Statement for the month of June...............................

Service Revenue.....................................................................$5,544

Less Expenses

Rent Expense .................................................$440

Utilities Expense.............................................$220

Salaries and Wages Expense......................$880

Gasoline Expense...........................................<u>$88</u>

Total Expenses .........................................................................(<u>$‭1,628‬)</u>

Net Income (Loss).............................................................$‭3,916‬

Service revenue = Services performed on the 5th + Services performed on the 20th

= 4,224 + 1,320

= $5,544

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Tri Fecta, a partnership, had revenues of $362,000 in its first year of operations. The partnership has not collected on $46,400
OverLord2011 [107]

Answer:  $185,500

Explanation:

Total cash received = Sales revenue - Accounts receivable + owner's investment + amount borrowed

                                 = $362,000 - $46,400 + $42,000 + $30,000

                                 = $387,600

Total cash disbursement = Merchandise purchased - Accounts payable + Salaries + Interest + Insurance

                                          = $200,000 - $38,600 + $28,100 + $2,700 + $9,900

                                          = $202,100

Ending cash balance = Total cash received - Total cash disbursement

                                   = $387,600 - $202,100

                                   = $185,500

8 0
3 years ago
Joel and Liza are having a disagreement over one of their stock investments, which just lost 15 percent in a short period of tim
anastassius [24]
B.

It says Liza is risk tolerant, therefore it would make sense that she would hold on to these stocks as risk tolerant people often hold onto stocks in the long term.
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3 years ago
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The​ domino's leadership team determined that while it was a great delivery​ company, the poor taste of their pizza was an imped
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The stage of the marketing research process that this realization correspond to is the INTERPRETING THE FINDING.
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6 0
2 years ago
Rents of $750.00 per month on each unit of a 4-plex are current. for an october 16th closing, the rent proration on the settleme
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Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.

-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38

<h3>What does it mean to prorate your rent?</h3>

The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.

You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.

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5 0
1 year ago
Daniel has decided to open his own bakery using locally sourced ingredients and supplies. He provides income and jobs to local s
exis [7]

Answer: The invisible hand

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In the given case, Daniel is giving work to local suppliers and jobs to residents as well as producing demand in the market by its products, thus, we can conclude that the given case is an example of invisible hand.

5 0
3 years ago
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