1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anastassius [24]
3 years ago
12

For each of the following, determine the amount of net income or net loss for the year. a. Revenues for the year totaled $71,300

and expenses totaled $35,500. The shareholders purchased $15,000 of common stock during the year. $ b. Revenues for the year totaled $220,500 and expenses totaled $175,000. The shareholders were paid $40,000 dividends during the year. $ c. Revenues for the year totaled $149,000 and expenses totaled $172,000. The shareholders purchased $12,000 of common stock and were paid $16,000 in dividends during the year. $ d. Revenues for the year totaled $198,150 and expenses totaled $174,200. The shareholders were paid $35,000 dividends during the year. $
Business
1 answer:
Anika [276]3 years ago
4 0

Answer:

a) Net income of $35,800

b) Net income of $45,000

c) Net loss of $23,000

d) Net income of $23,950

Explanation:

Net income is the difference between the revenue and expense.

Where revenue is more than expense, we have a net income otherwise, a net loss.

a) Net income = $71,300 - $35,500

= $35,800

b) Net income =  $220,500 - $175,500

= $45,000

c) Net loss =  $149,000 - $172,000

= - $23,000

d) Net income = $198,150 - $174,200

= $23,950

You might be interested in
The Hoyt and Burgess models of land use both assume that __________. A. growth expands in zones along railroads and highways B.
algol13
The answer is D I hope this will help you.
8 0
2 years ago
You just sold 900 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You
ehidna [41]

Answer:

d. -$4,608

Explanation:

The computation of the total capital gain is shown below:

Total capital gains is

= (End value - Beginning value) × 900 shares

= ($34.08 - $39.20) × 900 shares

= -$4,608

Hence, the  total capital gain on this investment is -$4,608

Therefore the option d is correct

And, the same is to be relevant

5 0
3 years ago
American expansionism after the 1890s:
lisabon 2012 [21]

Answer:

a. was largely driven by the desire for expanded overseas trade

Explanation:

5 0
3 years ago
Read 2 more answers
In making single-asset real estate investment decisions, the first pass often involves calculating a series of returns, ratios,
Lostsunrise [7]

Answer:

C. They fail to incorporate cash flows beyond the first year of the analysis.

6 0
3 years ago
Members of the dc real estate commission are limited to how many consecutive terms?
Mashutka [201]

Participants of the dc real property fee: time period limit. A member can't serve for extra than 2 consecutive, full three-12 months phrases until the courtroom makes a special exception.

Consecutive refers to matters that are arranged or show up in sequential order. A criminal who serves a consecutive sentence does time for one conviction after any other.

Consecutive periods of time or events take place one after the other without interruption. The Cup was won for the third consecutive yr via the Toronto Maple Leafs. Synonyms: successive, strolling, following, succeeding extra Synonyms of consecutive.

Consecutive comes from the Latin consecutus, which means "following closely" without a gap. similar to the snowstorms — one typhoon came about each day, lower back to back, for 5 days in a row. Consecutive numbers also observe every difference or boost inside the proper order. as an example, 5, 6, 7, eight, 9, and 10 are consecutive numbers.

Learn more about consecutive here: brainly.com/question/21466038

#SPJ4

4 0
1 year ago
Other questions:
  • Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for ​$10​, a second lawn for ​$15​
    7·1 answer
  • Steve Burton recently sold the bookstore he inherited from his mother because his income had fallen three years in a row. The ne
    11·2 answers
  • Handy Hiking produces backpacks. In 2018, its highest and lowest production levels occurred in July and January, respectively. I
    9·1 answer
  • Baskets Inc. gathered the following actual results for the current month: Actual amounts: ​ Units produced 6000​ Direct material
    15·1 answer
  • Financial literacy refers to:
    8·1 answer
  • You decide that as soon as you are financially able, you will hire an agency to put together an advertising plan for you. Unfort
    8·1 answer
  • Bonnie is writing a cover letter for a job application.She has written the introduction describing her strengths.However,she is
    12·1 answer
  • MCDONALDS GIVE DIRECTIONS
    9·2 answers
  • Cara has just come in for her morning shift , but the sales floor is a mess . Looks like the night crew didn't clean up . She gr
    5·1 answer
  • Suppose your company needs $43 million to build a new assembly line. Your target debt-equity ratio is .65. The flotation cost fo
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!