All categories

3 years ago

MC Qu. 1-130 A company's financial records at the end.

Business

1 answer:

andrew11 [14]3 years ago

4 0

Answer:

$15,750

Explanation:

The computation of the net income is shown below:

Net income = Service revenue - wages expense - advertising expense - rent expense

= $43,250 - $9,500 - $6,500 - $11,500

= $15,750

We simply deduct all the expenses incurred from the service revenue so that the net income could come and the same is shown above i.e in the computation part

You might be interested in

10% of the facility and increase the overall costs of maintaining the space by 11%. If the incremental method were used, what am

xz_007 [3.2K]

Answer:

the cost that allocated to the start up business is $61,600

Explanation:

The computation of the amount of the cost that allocated to the start up business is given below:

= Manufacturing facility costing × maintaining the overall cost percentage

= $560,000 × 0.11

= $61,600

Hence, the cost that allocated to the start up business is $61,600

We simply applied the above formula so that the amount could come

3 0

3 years ago

Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians p

jasenka [17]

Answer:

d. Revenue of $375

Explanation:

The amount paid by the Vetmed associates is an expense for associates

The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

= Amount paid to statisticians * % Received

= $1,500 * 25%

= $375

6 0

3 years ago

Which career is likely to earn the highest salary?

kogti [31]

Answer:

b.) Dentist

Explanation:

Hope it helps!

6 0

2 years ago

A comprehensive evaluation of the group of businesses a company has diversified into involves: a.evaluating the attractiveness o

MariettaO [177]

Answer:

All of the options

Explanation:

A comprehensive evaluation of the group of businesses a company has diversified into involve:

Evaluating the attractiveness of industries the company has diversified into and the competitive strength of each of its business units.

Evaluating the strategic fits and resource fits among the various sister businesses.

Ranking the performance prospects of the businesses from best to worst and determining what the corporate parent's priorities should be in allocating resources to its various businesses.

Using the results of the prior analytical steps as a basis for crafting new strategic moves to improve the company's overall performance.

5 0

3 years ago

Carla Vista Company purchased equipment that cost $3980000 on January 1, 2020. The entire cost was recorded as an expense. The e

ICE Princess25 [194]

Answer:

$1,800,402

Explanation:

Cost = $3,980,000

Lifespan = 9 yrs

Residual Value = $122,000

Depreciation per year = (Cost - Residual Value)/life

Depreciation per year = (3,980,000 - 122,000)/9

Depreciation per year = 3,858,000 / 9

Depreciation per year = $428,667

So, Tax saved = 40% of $428,667 = $171,467

Depreciation per year not considered = 3 yrs * $428,667 = (+)$1,286,001

Tax saved due to Depreciation = 3 yrs * $171,467 = (+)$514,401

So, retained earnings was understated by $1,286,001 + $514,401 = $1,800,402

3 0

3 years ago