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suter [353]
3 years ago
8

Camrim Inc., experienced the following events in 2018, its first year of operation: Performed counseling services for $21,700 on

account. On May 1, 2018, paid $5,600 cash to rent office space for the next 12 months.. Adjusted the accounts to reflect the amount of rent used during the year. Based on these three events, net income is
Business
1 answer:
Paraphin [41]3 years ago
8 0

Answer:

Net  income is $ 17,966.67  

Explanation:

The net income for the year is the revenue for counselling services of $21,700 minus the eight-month rent expense which is from May 2018 to December 2018, even though rent was paid for 12 months, only eight months relate to the current year.

Net income=$21,700-($5,600*8/12)=$21,700-$3,733.33  =$ 17,966.67  

The net income after deducting rent expense related to the current year from the counselling revenue is $ 17,966.67  

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Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $82,000 of services on
frosja888 [35]

please find the attached for the answer

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5 0
3 years ago
From her sales income, barbara has subtracted cost of goods sold, operating expenses, interest expense, and taxes. what she has
Murrr4er [49]
The answer is net income
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6 0
4 years ago
Upper management of a clothing store in the mall has decided that a good way to motivate employees is to consult with them about
sergey [27]

Answer:

Consider the following analysis.

Explanation:

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The upper management, on the other hand, is trying to initiate consultation with the employees before bringing out any improvement plan in the business process. This type of management style implicitly assumes that the employees are motivated and self-directed. This is Theory Y.

So, the first option should be correct.

Equity theory is something not contextual here. Equity theory works on the reduction of perceived inequality in the input and output of the employees as a means of motivation.

3 0
3 years ago
When Beck joined his uncle's oil exploration company in east Texas, he was given several hundred shares of stock in the firm, an
sergij07 [2.7K]

Answer: Master limited partnership

Explanation:

A master limited partnership also referred to as a MLP, is known as a limited partnership which is publicly traded on an exchange. A Master Limited Partnership tends to combine the tax benefits or advantages from a limited partnership with its liquidity that are the publicly traded securities such as stocks and bonds offer.  A MLP tends to pays taxes like every other partnerships, thus by passing profits through to individual, and also accounting for these profits on owner's tax return.

7 0
4 years ago
The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can
kozerog [31]

Answer:

Controllable variance

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The controllable variance is the combination of the variable overhead, fixed overhead spending variance and together with this, the variable overhead efficiency variance is also involved

Hence, as per the given situation, the controllable variance is to be considered

Therefore the above represents the answer

7 0
3 years ago
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