Answer:
The net income for Niler Corporation for the current year is $30,900.
Explanation:
When there is a discontinued operation, the income from the discontinued operation is added to the income from continuing operations while the loss on disposal of the same operation is added to obtain the net income for the company. This can be done as follows for this question:
Niler Corporation
Partial Income Statement
<u>Details $ </u>
Income from continuing operations 35,000
income from operations of discontinued Line C 8,400
Loss on disposal of Line C <u> (12,500) </u>
Net income <u> 30,900 </u>
Therefore, the net income for Niler Corporation for the current year is $30,900.
Answer:
The probability that a randomly selected graduate will have a starting salary of $50,000 or more is 10.56%
Explanation:
The formula for calculating a z-score is:
Z=
Where:
x=Score in this case is $50,000
μ=Mean or average of the salary: $45,000
σ= standard deviation of $4,000.
Z=
Z= 1.25
This value has an associated probability of 0.8944= 89.44%, this means 89.44% of graduates will have a starting salary of $50,000 or less.
But if we want to know the probability that the graduate has a salary of $50,000 or more, taking into account a population of 100%=1
1-0.8944= 0.1056
Which represents that 10.56% of population of graduates will earn $50,000 or more.
The amount that ACME Partnership should report as ordinary income is $83,000.
Data and Calculations:
Sales Revenue = $200,000
Cost of goods sold = 115,000
Gross profit = $85,000
Administrative expenses 2,000
Operating income = $83,000
Interest expense 13,000
Taxable income $70,000
Charitable contributions 2,000
Long-term capital gain 10,000
The operating income is the ordinary income before determining the eligibility of the charitable deductions and the long-term capital gain.
Thus, the ordinary income of ACME Partnership is $83,000.
Learn more: brainly.com/question/25056982
<span>politely seek additional information by saying, I'm not sure that you really want to stay late. Do you have somewhere you need to be
When Stephen slams his desk drawer following him agreeing to work late when his manager asked, the manager should politely talk to him in order to get further information. The best way would be to state that the manager is feeling that Stephen doesn't really want to stay late, is there something Stephen needs to be doing?</span>
Answer:
Life cycle analogy method
Explanation:
Life cycle analogy method A qualitative forecasting technique that attempts to identify the time frames and demand levels for the introduction, growth, maturity, and decline life cycle stages of a new product
