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mafiozo [28]
3 years ago
7

Jensen Enterprises paid $900 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained ear

nings decreased by $306. What is the net income for the year?
Business
1 answer:
Gennadij [26K]3 years ago
4 0

Answer:

Net income for the year: 1,206

Explanation:

from the RE formula we have:

Beginning \: RE +/- Net \: Income(loss) - Dividends = Ending \: RE

If RE decreased by 306 then:

beginning - ending = -306

we can shape the initial formula doing:

Beginning \: RE - Ending \: RE +/- Net \: Income(loss) - Dividends = 0

We post the value of the change in RE and the dividends

(306) +/- Net \: Income(loss) - 900 = 0

Net Income = 900+306 = 1,206

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The highest value of total cost was $ 710 comma 000 in June for Horchata​ Beverages, Inc. Its lowest value of total cost was $ 5
marta [7]

Answer:

A. $ 450 comma 000

Explanation:

In order to compute the fixed cost per month first we have to determine the variable cost per unit which is shown below.

Variable cost per hour = (High total  cost - low total cost) ÷ (High production volume - low production volume)

= ($710,000 - $550,000) ÷ (13,000 units - 5,000 units )

= $160,000 ÷ 8,000 units

= $20

Now the fixed cost equal to

= High total cost - (High production volume × Variable cost per unit)

= $710,000 - (13,000 units × $20)

= $710,000 - $260,000

= $450,000

We simply applied the above formula

6 0
3 years ago
Select the correct answer. If a company produces, promotes, and sells bags made of recycled paper, which concept is it using? A.
igomit [66]

Answer:

If a company produces, promotes, and sells bags made of recycled paper, which concept is it using?

The concept used by the company that produces, promotes, and sells bags made of recycled paper is societal marketing concept

Explanation:

This concept simply entails running of a long term interest which does not only suits customers wants alone but also makes the priority of the company paramount.

4 0
3 years ago
Toby, owner of a cupcake shop in New York, is considering opening a similar business (i.e., a cupcake shop) in Phoenix. After sp
crimeas [40]

Answer:

D) $4,200

Explanation:

the business investigation expenses of a taxpayer who is already engaged in a similar trade or business are fully deductible in the year incurred regardless of whether or not the taxpayer goes into a new business.

Therefore, the maximum amount of deduction for the current year is

$4,200.

6 0
3 years ago
Ben Perez is driving along a mountain road. In the distance, he sees a road crew working on a fallen tree that has blocked the h
Morgarella [4.7K]

Answer:

B. Exposure.

Explanation:

The act exhibited by the highway crew can easily be explained to be exposure because of his stance from a mountain end and their reaction.

Measurement of exposure is generally defined as some form of

the amount of travel, either by vehicle or on foot. Once the amount of travel

is known for certain activities, or road users, and if we know the number of

crashes that are associated with that activity or population, the associated

risk can be calculated. Also the various ways of measuring the amount of travel are referred to collectively as exposure

data because they measure traveller’s exposure to the risk of death or

injury.

7 0
3 years ago
The danger associated with the abuse of a vehicle is compared to the danger of _____
Dmitrij [34]
The danger associated with the abuse of a vehicle is compared to the danger of a loaded gun that could cause injury or worst death if being abused. Most tragic incidents in the streets/roads are due to vehicular accidents that cause many damages, including the loss life.

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4 years ago
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