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
GREYUIT [131]
3 years ago
8

uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amou

nted to and ​, respectively. During the​ year, the company did not issue any common​ stock, but it distributed dividends of . Calculate​ Dynamic's net income for the year.
Business
1 answer:
VARVARA [1.3K]3 years ago
8 0

Answer: $20,000

Explanation:

Net Income is the amount from revenue that the company made over expenses. It is therefore;

= Revenue - Expenses

= 110,000 - 90,000

= $20,000

<em>Note: Dividends are not considered in the calculation of Net Income as they are not expenses. </em>

You might be interested in
Open-end mutual funds are more common than closed-end funds. question 5 options:
Tems11 [23]
False. They are, in fact, significantly less common.
4 0
3 years ago
Olivia johnson is an exempt employee and earns $125,000 per year. if olivia was paid on a biweekly basis, what would her gross p
Lelechka [254]

Olivia Johnson makes $125,000 a year as an exempt employee. if Olivia was paid on a biweekly basis her gross pay would be $ 5208.33.

<h3>What do you mean by Gross pay?</h3>

Before any deductions are done, a person's gross pay is their total earnings for a specific time period. Deductions such as mandated taxes and Medicare contributions, as well as deductions for company health insurance or retirement funds, are not taken into account when calculating gross pay. The gross pay definition differs from the net pay definition in that it does not include an individual's take-home pay.

The formula to calculate gross pay is mentioned below:

Net pay plus taxes and deductions equal gross pay.

To know more about Gross Pay, visit:

<u>brainly.com/question/14690804</u>

#SPJ4

6 0
2 years ago
Read 2 more answers
Jiyaing is an hr manager at a research firm in china, and her company has decided to open a branch in the united states. jiyaing
grandymaker [24]
The type of cultural intelligent Jiyaing needs is "low-context culture".


There are two terms which are used, high-context culture and low-context culture, both are opposite to each other.In low-context culture, individuals utilize communication principally to trade realities and data; meaning is resulted basically from words; business exchanges are more critical than building connections and trust; and individual welfare and accomplishment are more imperative than the gathering.
4 0
3 years ago
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled,
Svetradugi [14.3K]

Answer:

The total amount of administrative cost to the Accounting Department is $ 14,900.

Explanation:

In order to calculate the total amount of administrative cost to the Accounting Department, first we need to calculate the Utilization Ratio of the particulars, using the following formua:

Utilization Ratio=(Total amount particular/Utilised by accounting department)

Hence, the Utilization Ratio of Administration costs =(50/280)

                                                                                    =0.178

             the Utilization Ratio of Maintenance fee =(12,000/36,000)=0.33

             the Utilization Ratio of Utilities=(12,000/36,000)=0.33

Therefore, the total amount of administrative cost to the Accounting Department=(0.178×$50,000)+(0.33×$12,000)+(0.33×$6,000)

                  =$8,900+$4,000+$2,000

                  =$14,900

6 0
3 years ago
Accrued Vacation Pay A business provides its employees with varying amounts of vacation per year, depending on the length of emp
Elena L [17]

Answer:

On Jan 31

Vacation pay expense Dr $8,900

        To vacation payable $8,900

(Being the vacation expense is recorded)

Explanation:

The journal entry is as follows

On Jan 31

Vacation pay expense Dr $8,900

        To vacation payable $8,900

(Being the vacation expense is recorded)

The computation is shown below:

= Estimated amount of the current year's vacation pay ÷ total number of months in a year

= $106,800 ÷ 12 months

= $8,900

For recording this transaction we debited the vacation expense as it increased the expenses while at the same time it also increased the liabilities so the vacation payable is credited

6 0
3 years ago
Other questions:
  • Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
    5·1 answer
  • Organizational objectives should do all of the followinjg except
    13·1 answer
  • The Marshall Company has a process cost system. All materials are added when the process is first begun. At the beginning of Sep
    7·1 answer
  • A successful CRM program is expected to help a company achieve all of the following EXCEPT ________.
    10·2 answers
  • Individuals performing in professional jobs are compensated initially for their ________.
    15·1 answer
  • At the beginning of 2020, Earth Co purchased a machine at a cost of $40,000. Earth Co expects the machine to remain useful for e
    6·1 answer
  • Suppose that when the price of a good is $15, the quantity demanded is 40 units, and when the price falls to $6, the quantity in
    12·1 answer
  • Does the fact that your bank keeps only a fraction of your account balance in reserve worry you? Why don't people rush to the ba
    5·1 answer
  • QUESTION 1 A factor that increases the likelihood of a loss is known as a _______ . 1. Premium 2. Peril 3. Hazard 4. Risk 1 poin
    13·1 answer
  • Next Up Computer Company thinks it will make a splash with cartoon-themed laptop cover designs scheduled for release next year.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!