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julia-pushkina [17]
3 years ago
10

Net income is shown on the end-of-period spreadsheet in the Income Statement debit column and the Balance Sheet credit column.

Business
1 answer:
enyata [817]3 years ago
8 0

Answer:

True

Explanation:

It is True because net income is shown in the Balance sheet as a credit account as it increases the revenues and as a  debit column in the Income Statement  of the end-of-period spreadsheet.

This entry is reversed for the net loss. It would be shown as a debit column in the Balance Sheet ( indicating an expense/ a loss) and as a credit column in the income statement.

The net income is shown as a debit column in the Income Statement  of the end-of-period spreadsheet indicating that the credits ( revenues) are more than the debits ( expenses) and we get the balance of the income after deducting the expenses from the revenues. It is entered above the debit totals.

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<span>If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest to the person? 
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8 0
3 years ago
A representative from AT&amp;T called Dr. Michaels after he switched to its new U-verse telephone system. The firm wanted to mak
Blizzard [7]

Answer: follow up call

Explanation:

From the question, we are informed that a representative from AT&T called Dr. Michaels after he switched to its new U-verse telephone system and that the firm wanted to make certain he was satisfied and asked if he had any questions concerning his new service.

The above is a follow up call. A follow up call is a call that is made after a transaction has taken place or previous enquiry regarding a product has been made in order to know the latest about the product.

5 0
4 years ago
General Staff immediately come together and begin developing strategies. General Staff Chiefs are: Evaluating staffing and super
Lina20 [59]

Select all that apply.

Common Terminology

Management by Objectives

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Manageable Span of Control

Unified Command

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Answer:

Management by Objectives

Incident Action Planning

Manageable Span of Control

Explanation:

Considering the information given in the question, the NIMS Management Characteristics I am supporting are:

1. Management by Objectives

This is because, by Management by Objectives, the General Staff are making strategies according to the previous objectives.

2. Incident Action Planning

This is because, by Incident Action Planning, the General Staff are revising planning documents that will comprise staffing and resource necessities.

3. Manageable Span of Control

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7 0
3 years ago
Wilbert's Clothing Stores just paid a $1.20 annual dividend and increases its dividend by 2.5 percent annually. You would like t
astraxan [27]

Answer:

For 100 shares, the mount that should be paid = $1766

Explanation:

We have to calculate the price of the stock in the 4th year because the investor cannot afford the stock in another 3 years.

Price of the stock = Do + g / ke - g

Dividend in current year = $1.2

Dividend after 1 year = 1.2 +2.5% (1.2)= 1.23

Dividend after 2 years = 1.23 + 2.5%(1.23) = 1.26075

Dividend after 3 years = 1.26075 + 2.5%(1.26) = 1.29227

Price in 4th year = 1.29227 + 2.5% / (0.10 - 0.025)

                            =1.29227 + 2.5%(1.29227)/0.075

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Therefore, for 100 shares, the mount that should be paid = 17.66 * 100 = $1766

5 0
3 years ago
Read 2 more answers
Ten reasons why we need to have laws for business's
Anika [276]
1. To define unacceptable behavior.
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7. To sue & be sued.
8. To balance harm done by the offender against the individual and society at large.
9. To collect and generate revenue from the masses.

Just need one more sorry
8 0
4 years ago
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