Answer:
<h2>Employee D has the largest gross pay among all the four employees.</h2>
Explanation:
Gross pay is normally calculated by taking the sum or aggregation of the basic salary or direct job related benefits and any additional employee benefits obtained by the employee from the company.
Therefore,for employee A,total gross pay=
dollars
For employee B,total gross pay=
For employee C,total gross pay=
For employee D,total gross pay=
Therefore,based on the above calculations of gross pay of all the employees,employee D has the highest or largest gross pay which is $55,300.
Answer:
Cost of goods sold = $8,800
Explanation:
<em>The cost of goods is represents amount incurred to make available what has been sold. It is computed as follows:</em>
<em>Cost of goods sold = opening stock + purchases - closing inventory</em>
It is useful to determine the cost of goods so as to calculate the gross profit margin. The gross profit is the sales revenue less cost of goods sold.
So we can compute same for the sporting equipment store as follows:
Cost of goods sold = 3,800 + 7,800 - 2,800
= $8,800
Cost of goods sold = $8,800
Answer:
Option (C) is correct.
Explanation:
Total expenses:
= mortgage interest + property tax + utilities and maintenance + Depreciation expense
= $5,000 + $600 + $900 + $3,500
= $10,000
Proportionate rental expenses = Total expenses × 
Proportionate rental expenses = 10,000 ×
= $7,200
Rental Loss = Rental Income - Proportionate rental expenses
= $4,000 - $7,200
= -($3,200)
The answer is True, An increase in revenues increases net income, and net income increases stockholders' equity
