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lbvjy [14]
4 years ago
14

Fruit Tech has $530,000.00 in total sales and $460,000.00 in operating expenses. What is the company’s profit?

Business
2 answers:
Hunter-Best [27]4 years ago
6 0
$70,000.00, all you have to do is subtract $460,000.00 from $530,000.00
Yuri [45]4 years ago
3 0

Answer:$70,000.00

Explanation:

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Find any example of a real project with a real project manager. Feel free to use projects in the media (such as the Olympics, te
ANEK [815]

Answer: i dont know. sub to gametoons!

Explanation:

8 0
3 years ago
On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $54 million. Ameen uses strai
Igoryamba

Answer:

Answer for the question:

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $54 million. Ameen uses straight-line depreciation for financial statement reporting and deducted 100% of the equipment’s cost for income tax reporting in 2018. At December 31, 2020, the book value of the equipment was $48 million. At December 31, 2021, the book value of the equipment was $40 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2021 was $68 million. Required: 1. Prepare the appropriate journal entry to record Ameen’s 2021 income taxes. Assume an income tax rate of 25%. 2. What is Ameen’s 2021 net income?

Is given in the attachment.

Explanation:

4 0
3 years ago
Your sister is thinking about starting a new business. The company would require $300,000 of assets, and it would be financed en
Radda [10]

Answer: $40,500

Explanation:

The company would be expected to make a net income of 13.5% of the amount invested in assets.

ROE = Net income / Equity

Net income = ROE * Equity

Assets are the same as equity in this scenario because the company is entirely funded by equity.

= 13.5% * 300,000

= $40,500

5 0
3 years ago
Which of the following industries is most likely to exhibit the characteristic of free entry? a. nuclear power b. municipal wate
gogolik [260]

Answer:

c. dairy farming

Explanation:

Free entry can be defined as the situation in which business firms such as sellers of goods or service providers can enter into the market freely and start selling to consumers.

This ultimately implies that, there are no legal barriers or just a minimum barrier, if any for new firms starting the same business as others.

Hence, dairy farming is the industry which is most likely to exhibit the characteristic of free entry.

A diary farming is one of such industries that allows new agents to come into the business without any barrier because it simply involves the production of essential commodities such as milk, beef etc which are usually required on a large scale in an economy.

7 0
4 years ago
You sold 12 plants for $5.00 each. You purchase seeds at the Dollar Store for .50 a pack. The plant container costs $2.00 each.
alina1380 [7]

Answer: Well, first this relies on whether or not a pack plants twelve plants or just one. For the sake of this question, I will assume they plant one. Each plant costs two dollars and fifty cents to plant, and each are sold for five dollars, making two dollars and fifty cents profit on each. 12 times 2.5 is thirty dollars of profit total.

Explanation:

5 0
3 years ago
Read 2 more answers
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