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
Ber [7]
3 years ago
7

The following transactions are July activities of Bill’s Extreme Bowling, Inc., which operates several bowling centers.

Business
1 answer:
Softa [21]3 years ago
4 0

Answer:

                                            Income Statement  

Sales                                          $12,250  

Operating Expenses Electricity   -$2,500  

Operating Expenses Wages           -$5,475  

Repairing Expenses                   -$1,500  

Net Income                                        $2,775  

Explanation:

The income statement is one of the principal financial statement of a company, it's necessary to know if the is generating profit or losses, it keep record of all the transaction during a period of time, but not consider payment   or collection made of other period.

This statement apply the accrual criteria, only consider de transaction occurred during the period and not the momento of payment.

In this case the following operations were leaving out becuase are of other period.

  • (c) The men’s and women’s bowling leagues gave Bill’s advance payments totaling $1,500 for the fall season that starts in September.
  • (d) Bill’s received $1,000 from credit sales made to customers last month (in June).

You might be interested in
isabella takes $100 of currency from her wallet and deposits it into her checking account. if the bank adds the entire $100 to r
Tresset [83]
Isabella takes $100 of currency from her wallet and deposits it into her checking account. If the banks add the entire $100 to reserves, the money supply increases, but if the bank lends out some of the $100, the money supply decreases.
3 0
2 years ago
The 1803 decision of the United States Supreme Court in the case of Marbury v. Madison established
Darina [25.2K]

Answer:

c). the power of judicial

Explanation:

This was the first time such power was wielded by the Court.

3 0
3 years ago
If any, which of the following statements is FALSE?A. NPV measures the value created by taking on an investmentB. NPV indicates
dedylja [7]

Answer:

C. NPV is the discounted present value of a project's expected future accounting net income at the required return, subtracting the initial investment.

Explanation:

NPV means Net Present Value, this is calculated by computing the present value of cash returns and not the accounting income, as accounting income takes in account non cash items also, although while computing returns the non cash transactions are not considered.

Therefore the chosen statement which states about accounting income less initial investment is false as even in case the project requires additional mid term investment then that is also considered.

Thus, false statement is

Statement C

3 0
3 years ago
________ is the extent to which a firm's internal activities encompass one, some, many, or all activities that make up an indust
Alecsey [184]

Answer:

BE Scoping strategy CC Horizontal scope D.A)Horizontal installation.

6 0
3 years ago
When you choose to live with a roommate on a collage campus, you can live there for free. True or False?
Sergeu [11.5K]

Answer:

False

Explanation:

You just split everything 50-50

5 0
3 years ago
Other questions:
  • Michelle always drives down hampton avenue to go to the work. one morning michelle discovers that hampton avenue is closed at wo
    10·1 answer
  • It is rumored that the Illinois Operations Manager, Sam, has requested the quarterly budget to include an available position for
    15·1 answer
  • Which member of the restaurant and food/beverage service career is most likely to plan menus and direct workers?
    10·2 answers
  • How do vision and mission statements affect the strategic management process? Select an example of strong vision and mission sta
    15·1 answer
  • Which is an example of a withholding you might see on your pay stub?
    14·2 answers
  • You are marketing manager for a company that packages and markets vacations to exotic locations. You use a variety of media to p
    6·1 answer
  • Which of the following systems would you use to determine which trends in your supplier's industry will affect your firm the mos
    8·1 answer
  • If bonds are issued at 101.25, this means that ____________________
    15·1 answer
  • This is a receipt for a purchase made at a restaurant in
    5·2 answers
  • Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return o
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!