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frozen [14]
3 years ago
6

Consider the following account balances of Smiths Corp. at the end of the year:

Business
1 answer:
Tems11 [23]3 years ago
8 0

Answer:

Interest revenue, rent expense and salaries expense

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

So, the categorization is shown below:

Interest revenue, rent expense and salaries expense

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The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $21,000,
Nadya [2.5K]

Answer: 18.8%

Explanation:

Simple rate of return on investment = Incremental net operating income / investment

Incremental net income = Operating savings - Annual cost

= 145,000 - 420,000/6 years

= $75,000

Net investment = Cost of new machine - salvage value of old

= 420,000 - 21,000

= $399,000

Return on investment = 75,000/399,000

= 18.8%

6 0
3 years ago
Fill in the blanks in the table. Assume that the going wage for these workers is $500 per
Alex17521 [72]

A total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

<h3>What is a marginal labor?</h3>

This refers to a firm increase in total production because of one additional unit of labor that is added while all other factors of production remain constant.

Given the information in the attached table, a total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.

Read more about marginal labor

<em>brainly.com/question/13617399</em>

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6 0
2 years ago
Which of these actions could constitute a breach of the Civil Rights Act? A. The human resources department rejected Fatima’s ap
Trava [24]

Answer:E. The human resource department did not promote Fatima because they thought that she would not be able to travel as frequently as the job requred because she has two young children.

Explanation: This action constituted a breach of the Civil Rights Act.

3 0
2 years ago
A corporation had a change in net working capital of $40,000 this year. At the end of the year the balance sheet showed $150,000
FinnZ [79.3K]

Answer:

\large\boxed{\large\boxed{\$ 110,000}}

Explanation:

<em>Net working capital</em> is the difference between the current assets and the current liabilities:

          Net\text{ }working\text{ }capital=Current\text{ }assets-Current\text{ }liabilities

<em><u>Change in the net working capital</u></em><u> (ΔNWC = </u><em><u>$40,000</u></em><u>)</u>

        \Delta NWC=\Delta\text{Current assets}-\Delta\text{Current liabilities}

        \Delta\text{Current assets}=\$ 150,000-\$ 120,000=\$ 30,000        

         \Delta\text{Current liabilities}=\$ 100,000-x

          \$ 40,000=\$ 30,000-(\$ 100,000-x)

          x=\$ 40,000-\$ 30,000+\$ 100,000=\$ 110,000

7 0
3 years ago
a variable that predicts what will happen with the sales of another product is referred to as that product's:
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Leading Indicator is a variable that predicts what will happen with the sales of another product is referred to as that product's.

<h3>What is a leading indicator?</h3>

A piece of data or a group of facts related to the economy that may predict future movement or change in the economy is known as a leading indicator. Future events and trends in business, markets, and the economy can be predicted and projected with the use of economic leading indicators. An example of a leading safety indicator would be the proportion of workers wearing hard helmets on construction sites. A leading indication is a predicted measurement. A lagging safety indicator might be the number of accidents on a construction site, which is an output measurement. Items like newly generated accounts, leads or opportunities, and won opportunities are examples of leading indicators. Won opportunities, lost opportunities, won amounts, and lost amounts are examples of lagging indicators.

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7 0
1 year ago
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