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dusya [7]
3 years ago
15

In 2016, the TransUnion Company had consulting revenues of $1,000,000 while costs were $750,000. In 2017, TransUnion will be int

roducing a new service that will generate $150,000 in sales revenues and $60,000 in costs. Assuming no changes are expected for the other services, operating profits are expected to increase between 2016 and 2017 by _______
Business
1 answer:
Bezzdna [24]3 years ago
7 0

Answer:

$90,000

Explanation:

In this question, we compare the net income and the difference should be reported

In the first case, the net income is

= Revenue - expense

= $1,000,000 - $750,000

= $250,000

In the first case, the net income is

= Revenue - expense

where,

Revenue is = $1,000,000 + $150,000 = $1,150,000

And, the expenses is $750,000 + $60,000 = $810,000

= $1,150,000 - $810,000

= $340,000

So, the net profit is increased by

= $340,000 - $250,000

= $90,000

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Which of the following best illustrates the relationship between entities and​ attributes? A. The entity PRODUCT with the attrib
iris [78.8K]

Answer:

B) The entity CUSTOMER with the attribute PURCHASE

Explanation:

The entity is an existing real world object or person, while an attribute is a feature or characteristic of the entity.

In a relational data model (RDBMS), entities are represented as data in an entity set (customer) while the field represents the different attributes or properties of the entity.

5 0
3 years ago
Read 2 more answers
Knowledge Check 01 Which of the following is deducted from the total selling and administrative expense budget to determine the
makvit [3.9K]

Answer:

Knowledge Check 01 Which of the following is deducted from the total selling and administrative expense budget to determine the cash disbursements for selling and administrative expense budget?

  • Depreciation expense

Depreciation expense is a non cash charge since there is no cash outflow associated to it. The same applies for amortization expense, asset impairments, stock based compensation and asset depletion (similar to depreciation but used by extracting companies like mines and oil companies).

Knowledge Check 02 A company determines that the number of units sold is the cost driver for its variable selling and administrative expense budget. The product of its variable selling and administrative rate and budgeted unit sales will be ________.

  • total budgeted variable selling and administrative expenses

Since we are dealing with budgets, any calculation is also a budget or forecast. We are calculating here the total budgeted variable selling and administrative expense since we are multiplying the predetermined variable S&A per unit x budgeted units.

8 0
3 years ago
Tan Company acquires a new machine (ten-year property) on January 15, 2017, at a cost of $200,000. Tan also acquires another new
IgorLugansk [536]

Answer:

b. $25,716

Explanation:

The total cost recovery Deduction is:

10-year property  

MACRS cost recovery ($200,000×0.10)                          $20,000

7-year property  

MACRS cost recovery ($40,000×0.1429)                         $5,716

Total cost recovery                                                      $25,716

Therefore, The total deductions in calculating taxable income related to the machines for 2017 is $25,716.

4 0
3 years ago
When you’re looking for a career that will be well suited for you, it’s important to consider the various
Firdavs [7]

Answer

When looking for a career suitable for you, it is important to consider the availability of job in that area of career.

Explanation

When selecting a career for study and practice, it is advisable that you check the availability of jobs in that area of specialization. New graduate students can use this factor as a determining point when trying to switch careers. Some other factors to consider are personal interests, work attitudes and training/education requirements.


7 0
3 years ago
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