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Dennis_Churaev [7]
3 years ago
5

Company is in the second year of operations. They have total assets of $200,000 at the end of the first year. During the first y

ear, the company incurs liabilities of $75,000 and stockholders invested $80,000 in the form of Paid in Capital. On the assumption no dividends were declared in the first year of operations, what is the amount of net income?
Business
1 answer:
d1i1m1o1n [39]3 years ago
5 0

Answer:

The amount of net income is $45,000

Explanation:

The computation of the net income is shown below:

= Total assets - Liabilities - stockholder equity

= $200,000 - $75,000 - $80,000

= $45,0000

By using the accounting equation, the total assets equal to the total liabilities and stockholder equity

In mathematically,

Total assets = Total liabilities + stockholder equity

But in the given question, the amounts are not equal to each other, so the difference should be termed as net income

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Carol is in charge of a meeting to decide what the company should do about the new sales people who don't know how to follow-up
Alex777 [14]

Answer:

The correct answer is: intervention.

Explanation:

The organization development process involves spotting improvement areas of a company so new and existing strategies can be implemented to solve those issues. The organization development process involves five (8) stages: <em>entry signals, purpose, assessment, action plan, intervention, evaluation, adoption, </em>and <em>separation. </em>

In the intervention stage, after the action plan has been outlined, managers implement the series of steps that lead to solving the problematic situation once it has been identified and if new minor issues arise, they are in charge of adjusting the strategy not to affect or delay the plan implementation process.

7 0
3 years ago
What describes the nature of cause and effect in the context of the business cycle?
Andre45 [30]
Cause and effect in the context of business cycle refers to actions done for a project in the business. Cause and effect may also refer to the stocks or market proceeds (e.g. Because of ____________, the proceeds were higher/lower). 
8 0
3 years ago
Stan, an air conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are u
vovangra [49]

Stan, an air conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are unreasonably dangerous due to the possibility of electrical shock.Temp-Set's best defense is most likely Knowledgeable User.

<h3><u>Explanation:</u></h3>

Some of the products must be used under certain conditions that are mentioned to be safer. When all these instructions are known by the people the manufacturer need not to mention that under warning conditions. These are known to be the knowledgeable users.  

Some of the products usage is more commonly known by the users of those partticular products. They also know the adverse conditions when they are not used under the conditions that are desirable. In the given example, the temperature sets that are made by the technician is the Knowledgeable User since he knows everything about the working.  

6 0
3 years ago
The following transactions were completed by Daws Company during the current fiscal year ended December 31:
boyakko [2]

Answer:

Explanation:

The T account is presented below:

                          Allowance for Doubtful Debts  

Jan 29                  $5,850                      Jan 1 Beginning balance $54,200

Aug 9                   $11,850                      April 18                 $4,000

Dec 31                  $52,160                     Nov 7                    $7,000

Dec 31   Unadjusted

              balance    $4,660                

                                                          Dec 31 Adjusting entry   $64,660

                                                          Dec 31 Adjusted balance $60,000

4 0
3 years ago
Doubling the circumference of an oil pipeline more than doubles the volume of oil that can be pumped through. This strategy is c
Alika [10]

Answer:

Economies of scale

Explanation:

Economies of scale is described as the cost benefit or advantage which is experienced through the firm, when it rises the output level. Under economies of scale, the fixed costs did not vary or change with decreases or increases in the units of the production volume and the variable costs are dependent with rise in the output.

So, in this case, when the circumference is doubled of the oil pipeline, more than the volume doubles. This technique is selected through the large firms or business as it will result in the economies of scale.

4 0
3 years ago
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