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Hunter-Best [27]
3 years ago
11

Dynamic Production Services started the year with total assets of $ 130 comma 000 and total liabilities of $ 50 comma 000. The r

evenues and the expenses for the year amounted to $ 140 comma 000 and $ 50 comma 000​, respectively. During the​ year, the company did not issue any common​ stock, but it distributed dividends of $ 45 comma 000. Calculate​ Dynamic's net income for the year.
Business
1 answer:
Flauer [41]3 years ago
8 0

Answer:

Net Income for the year = $90000

Explanation:

The net income is the function of Revenues less expenses.

The revenue for the year is provided in the question and it amounts to $140000. Similarly the figure for this period's expenses is also available as $50000.

The net income for the year is,

Net Income = Revenue - expenses

Net Income = 140000 - 50000 = $90000

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GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in
Bingel [31]

Answer:

False.

Explanation:

GANTT refers to a chart that was developed by Henry L. Gantt, who was an american engineer and a social scientist, and is thus named after him. This chart is used to describe and illustrate various scheduled activities and the duration that each activity might take to complete. There is no full form for this word "GANTT". Therefore, the statement is false.

4 0
3 years ago
Which of the following are signs of a person being in credit distress?
Over [174]

Answer:

C. Only making minimum payments on credit cards each month

Explanation:

Credit distress is a financial status where an individual or a firm cannot meet its obligations in time. The business or the individual cannot generate sufficient resources to pay their debts as they become due. To a business, high fixed costs, economic downturns, and illiquid assets cause credit distress.

Poor budgeting, unnecessary debt load, poor financial decisions lead to credit distress among individuals. Other signs of credit distress include living or over-relying on overdrafts, problem paying bills on time, and getting reminder collection calls and past-due notices.

5 0
4 years ago
_____________________ argues that the productivity of workers will increase if they are paid more, and so employers will often f
den301095 [7]

Answer:

Efficiency wage theory. Option A

Explanation: Efficiency wage theory is the idea that an increase in wages will lead to more productivity among workers because they will feel more motivated to work.

This is important for the employers also, because it will lead to higher productivity if they paid their employees more than what the market conditions dictate.

For example in a competitive labour market, employer A will enjoy more productivity and employee loyalty than employer B if employer A paid $10/hr and employer B paid $5/hr, in the same industry.

4 0
3 years ago
Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin
Katena32 [7]

Answer:

Explanation:

The classified balance sheet comprises of the assets, liabilities, and stockholder equity.  With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The assets are further divided into current assets, fixed assets, and intangible assets. Similarly, the liabilities are also further divided but they do not have any intangible liabilities.

The preparation of the partial balance sheet is presented in the spreadsheet. Kindly find the attachment below:

4 0
4 years ago
Indicate whether each of the following news items is a positive or a normative statement.
Novosadov [1.4K]

Answer:

Positive statements are statements that describe things as they are, based on empirical evidence. Normative statements describe whether something is good or bad, desirable or undesirable. They can be recommendatios or opinions, or both at the same time.

1. Teenagers shouldn't be permitted to buy cigarettes - Normative statement. It finds teenage smoking as undesirable.

2. Nuclear energy is cleaner than coal and oil based energy - Postive statement. It is describing a fact, not explicitely saying whether nuclear energy is better or not (even if implicitily it might be saying so).

3. We need more police on inner dash city streets - Normative statement. This statement is finding that more police is desirable.

4. Netflix original programming is better than network TV shows - Normative statement. It is giving an opinion, but it's still a positive statement.

5 0
3 years ago
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