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
vredina [299]
3 years ago
7

Consider the following totals: Revenues = $100,000; Operating costs and expenses = $45,000; Other revenues = $5,000; Income taxe

s = $18,000; Net income = $42,000. What was the total of operating income?
Business
1 answer:
Sav [38]3 years ago
7 0

Answer:

$55,000

Explanation:

The operating income of any entity can be calculated using the following formula:

Operating income=Net income+ income tax expense+ finance cost- other revenues

Net income in this question=$42,000

Income taxes=$18,000

finance cost=0

Other revenues=$5000

Operating income=$42,000+$18,000+0-$5000=$55,000

The operating income of any entity can also be calculated using the following formula:

Operating income=Revenues-operating costs

                             =$100,000-$45,000=$55,000

You might be interested in
Lucinda is a self-employed veterinarian in 2019. Her Schedule C net earnings are $86,000 for the year. Calculate the total amoun
trapecia [35]

Answer:

$79,421

$12,151.413

Step by Step Explanation:

The self-employment taxable income is 92.35% of net earnings. While the tax rate for self-employment tax liability is 15.3% for year 2019

Schedule C net earnings: $86,000

Self-employment taxable income rate: 92.35%

Self-employment taxable income= 92.35%×86,000

=$79,421

Self-employment taxable income: $79,421

Self-employment tax rate: 15.3%

self-employment tax liability=

Self-employment taxable income×Self-employment tax rate

$79,421×15.3% =$ 12,151.413

5 0
3 years ago
On jan. 2, callie company received a $700 payment from a customer previously billed for services performed. the journal entry to
svp [43]

To record On Jan 2, Callie Taylor received a $700 payment from a customer formerly billed for services performed. The journal entry to record this transaction would contain a debit to the cash account and a credit to the Accounts Receivable account.

<h3>What is Journal entry?</h3>

A journal entry exists as an act of keeping or creating records of any transactions either economic or non-economic. Transactions exist listed in an accounting journal that indicates a company's debit and credit balances. The journal entry can consist of several recordings, each of which exists either a debit or a credit.

A journal entry exists as a record of the business transactions in the accounting books of a business. A properly recorded journal entry consists of the correct date, amounts to be debited and credited, an explanation of the transaction, and a unique reference number. A journal entry exists as the first step in the accounting cycle.

Hence, To record On Jan 2, Callie Taylor received a $700 payment from a customer formerly billed for services performed. The journal entry to record this transaction would contain a debit to the cash account and a credit to the Accounts Receivable account.

To learn more about Journal entry refer to:

brainly.com/question/14279491

#SPJ4

7 0
2 years ago
“knowledge of the job processes, methods, tools and techniques” is which managerial skill?
notsponge [240]

<span>Knowledge of the different job processes, methods, tools and techniques belong to the Technical Managerial Skill. Skills management refers to the proper training of understanding, developing and organizing individuals and their abilities. Well-managed skills management ought to recognize the abilities that profession roles necessitate, the abilities of singular workers, and a little fissure amongst the two.</span>

6 0
3 years ago
For financial managers to be socially responsible, it is necessary that they:
Arte-miy333 [17]
The correct answer that would best complete the given statement above is: MAKE A LONG TERM COMMITMENT TO THE NEEDS OF STAKEHOLDERS. For <span>financial managers to be socially responsible, it is necessary that they make a long term commitment to the needs of stakeholders. Hope this answer helps. </span>
7 0
3 years ago
"Find an example of an advertisement you perceive as particularly effective and write a one-sentence summary. Share the advertis
lisov135 [29]

Answer:  A particularly effective advertisement was Metro Trains'  2012 "Dumb ways to die - Be careful around trains.

Explanation: First of all advertising is a marketing or campaign strategy that involves paying for a physical or digital space to promote a product, service, or cause. The promoted messages are called advertisements, or ads for short. One of the main aims of advertising is to reach potiential customers that are most likely to pay for a company's products or services. Sometimes the goal of advertising is to make the public aware of certain issue. The advert was so successful that Metro credit it to have prevented more than 30 percent of accidents around trains. That, in my opinion is particularly effective.

8 0
3 years ago
Other questions:
  • Viability of relevancy of insurance products sold to business and individual
    15·1 answer
  • Choose the correct statement regarding the structure of the plasma membrane. Multiple Choice
    15·1 answer
  • 5. Meredith is stuck in the airport on a long layover while traveling for work. She sees two Wi-Fi’s she can log onto: one says
    10·2 answers
  • As dvds become popular substitutes for video cassettes, demand for video cassettes is likely to
    14·1 answer
  • Which of the following is subtracted from national income to get to personal income?
    10·1 answer
  • Keyser Beverage Company reported the following items in the most recent year.
    13·1 answer
  • -2x^2y, if x=-3 and y=-1
    10·1 answer
  • In this assignment, you will develop a more personalized understanding of the Balanced Scorecard concept and see how your vision
    15·1 answer
  • Comfy Clothing is thinking of hiring Tom. If hired, he can increase total production by 100 units a week. He would cost the firm
    7·1 answer
  • ​ The Patient Protection &amp; Affordable Care Act was challenged in a lawsuit alleging that the federal government exceeded its
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!