Answer:
The company's net income for the month was $27 comma 000
Explanation:
Net income = Total Sales - total expense
During the month of May,
Total Sales = credit sales + cash sales = $35,000 + $25,000 = $60,000
The company paid wages of $ 24 comma 000, the wages expense was $ 24 comma 000.
The company paid utilities of $ 9 comma 000, the utilities expense was $ 9 comma 000
Total expense = wages expense + utilities expense = $24,000 + $9,000 = $33,000
The payment that the company received from its customer was not the sales or expense. It made increase cash and reduce account receivable.
Net income = $60,000 - $33,000 = $27,000
Answer:
Total product cost= $169,000
Explanation:
<u>The product cost is calculated using the direct material, direct labor, and manufacturing overhead:</u>
<u></u>
Direct materials $ 79,000
Direct labor $ 40,000
Variable manufacturing overhead $ 19,000
Fixed manufacturing overhead 31,000
Total product cost= $169,000
Answer:
The book value of shares is $10
Explanation:
The balance of shareholders equity is $2,200,000.This comprises of retained earnings of $800,000 and Issued Share Capital of $1,400,000(for 140,000 units of shares)
To ascertain the unit of shares,see below:
45000units= $450,000
15000units reacquired at $150,000
Which also means that $1,100,000 is for 110,000units of shares.
In each of these cases highlighted above share price is $10
for instance:$450,000/45000shares=$10
$150,000/15000=$10 e.t.c
Depends on the product you are intending on introducing to the public
Say you are developing a phone, what features does it have over Apple? Let’s say Apple released a new feature, the greatest touch screen by average standards, so how can you top that? You can’t cause it’s the “greatest” by average standards
Answer:
//algorithm for ATM money withdrawal
Algorithm: Algorithm for cash withdrawals from ATM.
Input: withdraw_amount
Output: amount+service_charges.
Algorithm:
step 1:
balance =account balance.
withdraw_amount = (Get input from user)
step 2:
if(withdraw_amount>400)
then, print "maximum limit exceeds"
step 3:
if(withdraw_amout<1)
then, print "enter a valid amount"
step 4:
if(withdraw_amount>balance)
then, print "insufficient balance.. withdraw money $30 as service charges "
step 5:
if(withdraw_amount<400 && withdraw_amount<balance)
if(withdraw_amount>200)
service_charge=withdraw_amount*(3/100)
print " Your cash is dispensed... total amount withdrawn +service_charges 30% (withdraw_amount +service_charge) "
