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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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Portia is a vegetarian and chooses not to eat meat based on moral and ethical rationales. Her employer is hosting a barbeque eve
8090 [49]

Answer:

D. freedom of conscience (limited)

Explanation:

Freedom of conscience consists is having the right to form one's own ethical and moral views, independent of other's beliefs, and also having the right to act in a way that is coherent with those ethical and moral views.

Even if Portia is an employee, and is legally bound to her employer in many ways, she is not obliged to do something that goes against her ethical and moral rationales, whether at the workplace, or a event outside of the office like the barbeque. As a vegetarian, she has the right to be excused from the party, and exercise in that way, her freedom of conscience.

5 0
3 years ago
Explain why entertainers and athletes can charge so much for their events.
Usimov [2.4K]
Because they are most likely a professional and have knowledge of the specific activity from either college or doing it Him/Herself what they're doing when it comes to the aspect in which they are teaching training etc.Therefore they charge extra from prior knowledge of the activity.
3 0
3 years ago
As demand for goods increased, cottage industries were not able to keep up. The _______ system developed to meet this growing ne
Papessa [141]

Answer;

The answer is factory system

Explanation:

5 0
3 years ago
Karla's candle factory is considering two different machines. machine a is highly automated with fc of $25,000 and vc of $.1/can
ycow [4]

Karla would pick option (B) uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.

<h3>What is manufacturing?</h3>
  • Manufacturing is the process of creating or producing items using equipment, labor, machines, tools, and chemical or biological processing or formulation.
  • It is the essence of the economy's secondary sector.
  • The phrase can relate to a wide range of human activities, from handcraft to high-tech, but it is most usually applied to industrial design, which involves the transformation of raw materials from the primary sector into finished commodities on a big scale.

To find which option will Karla pick:

  • If the demand for Karla's candles is 25,000.
  • Total Cost in Machine A = 25000 + 0.1*25000
  • = $ 27500 Total

Therefore, Karla would pick option (B) uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.

Know more about manufacturing here:

brainly.com/question/26320301

#SPJ4

The correct question is given below:

Karla's candle factory is considering two different manufacturing options.

Option A is highly automated with fixed costs of $25,000 and variable costs of $.1/candle.

Option B uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.

If the demand for Karla's candles is 25,000, which option should she pick?

3 0
1 year ago
Cullumber Corporation earns $840000 and pays cash dividends of $300000 during 2021. Dexter Corporation owns 4200 of the 10000 ou
umka21 [38]

Answer: $1,306,800

Explanation:

In answering this question, we look at how much of that income, Cullumber still had on hand and then take the proportion that belongs to Dexter.

Cullumber Corporation earns $840,000 and pays cash dividends of $300,000 during 2021.

That means that after paying the dividends they are left with,

= 840,000 - 300,000

= $540,000

Now, Dexter owns 4200 out of 10,000 shares. That means they own,

= 4,200/10,000

= 42% of Cullumber Corporation stock.

If they own 42% of the stock, they are entitled to 42% of the income so,

= 42% * 540,000

= $226,800

Now we then add this figure to the opening balance,

= $1,080,000 + $226,800

= $1,306,800

$1,306,800 is the amount Dexter should show in the investment account at December 31, 2021.

8 0
3 years ago
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