1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Black_prince [1.1K]
3 years ago
14

Use the following information to compute NET INCOME.

Business
1 answer:
maks197457 [2]3 years ago
5 0

Answer:

c. $1,890

Explanation:

As for the provided information, we have

Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.

Thus net income shall be as follows:

Sales - Expenses

Sales = $10,000

Expenses = $4,000 + $1,100 + $1,750 = $6,850

Profit before taxes = $3,150

Less: Taxes @ 40% = $1,260

Net Income = $1,890

Correct option is

c. $1,890

You might be interested in
Why can we be confident that the market for college education is competitive and that an increase in demand rather than the gree
makvit [3.9K]

Question Completion:

A.  if college administrators raised the tuition with no change in​ supply, a surplus of college places would be created at the higher ​tuition, and the tuition would start to fall

B.  the law of demand does not hold

C.  more than​ 4,500 public and private​ 2-year and​ 4-year schools supply college education services

D.  an increase in demand raises the tuition and increases the ​enrollment, which accurately describes the market for college education

Answer:

We can be confident that the market for college education is competitive and that an increase in demand rather than the greed of college administrators is the reason for the ongoing rise in tuition for all of the following reasons except ​ _______.

B.  the law of demand does not hold

Explanation:

The law of demand implies that the price of a good or service responds to the level of demand. In other words, higher demand increases the price, while lower demand reduces the price.  This implies that without the higher demand for college education, college administrators will not be able to sustain an increase in tuition.  Therefore, an increase in the demand for college education will lead to increased enrollment, which spurs college administrators to raise tuition.

5 0
3 years ago
A7X Corp. just paid a dividend of $1.70 per share. The dividends are expected to grow at 20 percent for the next eight years and
mrs_skeptik [129]

Answer:

$41.64

Explanation:

The computation of the price of the stock today is shown below

Price of stock today = Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n  + Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n + Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n + Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n + Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n + Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n + Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n + Dividend per share × (1 + growth rate)^n ÷ (1 + required rate of return)^n + Dividend per share × (1 + growth rate)^n × 1 + decreased growth rate ÷ (required rate of return - decreased in growth rate) ÷ (1 + required rate of return)^n

= ($1.70 × 1.2 ÷ 1.15) + ($1.70 × 1.2^2 ÷ 1.15^2) + $1.70 × 1.2^3 ÷ 1.15^3) + $1.70 × 1.2^4 ÷ 1.15^4) + ($1.70 × 1.2^5 ÷ 1.15^5) + ($1.70 × 1.2^6 ÷ 1.15^6) + ($1.70 × 1.2^7 ÷ 1.15^7) + ($1.70 × 1.2^8 ÷ 1.15^8) + (1.70*1.2^8*1.05 ÷ (15% - 5%)) ÷ 1.15^8)

= $41.64

We simply applied the above formula

The N represents the time period

3 0
3 years ago
On November 1, 2020, ABC, Inc., received a 3-month, $1,500 note receivable with the 8% annual interest and principal to be colle
LiRa [457]

The amount of interest revenue that should be recorded for the year ended December 31, 2020 is $20 .

<h3>Interest revenue </h3>

Interest revenue represents how much interest a company earned during a specific time period. This is interest earnings on any investments the business has or debts it has provided to an individual or other entity.

Learn more about interest revenue here :

brainly.com/question/19165765

#SPJ4

7 0
2 years ago
Which of the following is a situational characteristics that influences the choice of leadership style for a supervisor?
pav-90 [236]

Answer:

The correct answer is letter "D": Interest in solving a problem.

Explanation:

Situational leadership is exercised by managers when they need to adapt their method of working to the current situation their companies are facing. The key point is to get to the solution of the problem. Thus, the leader does not wait for the subordinates to adapt to his or her leadership style but is the leader who proactively takes a step towards a change.

3 0
4 years ago
Total quality management (tqm) emphasizes all but which one of the following?a. Team-based work design and the creation of a tot
Sindrei [870]

Answer:

c. Involvement and empowerment of employees at all levels

Explanation:

Total quality management refers to managing the organization in order to develop a success in the long run by considering the low level workers to the high level executive, and at the same time focused on quality improvement and the customer satisfaction

Here are the following points to become important for an organization

1. Quality improvement, management leads to long term success for organization and customers

2. The deficiencies could be determined by performing the work and can be corrected through providing the training, education, etc

3. If the product contains high quality that meet the needs of the customers than it would lead to high customer satifaction

4. And, in case if there is few defective product so the company is in a position to save the cost

5 0
3 years ago
Other questions:
  • If job a and job b are identical in all aspects, except that job b pays higher wages, what will happen over time?
    12·1 answer
  • All of the following would be listed as surplus items on the U.S. balance of payments international accounts except
    10·1 answer
  • Kivi Service Stations is considering expanding its operations to include the greater Dubuque area. Rather than build new service
    12·1 answer
  • As a finance major student of the UWI OC, you have just landed a lucrative job as a Financial
    14·1 answer
  • ________ is the stealing of another person's Social Security number, credit card number, and other personal information for the
    12·1 answer
  • The average total cost of producing electronic calculators in a factory is $20 at the current output level of 100 units per week
    14·1 answer
  • Which employee role is directly accountable to ensure that employees are implementing security policies consistently
    13·1 answer
  • What are common characteristics of jobs in the Recreation, Amusements, and Attractions pathway? Check all that apply. part-time
    13·2 answers
  • which situation indicates a weak internal control structure? a. the mail room clerk authorizes credit memos b. the warehouse cle
    11·1 answer
  • which element of the marketing mix is directly related to the value a product delivers to consumers, as well as the value it cap
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!