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
ahrayia [7]
2 years ago
8

The following information relates to Oriole Company for the year 2020.

Business
1 answer:
Talja [164]2 years ago
3 0

Answer and Explanation:

The Preparation of income statement for the year ending December 31, 2017 is shown below:-

                     <u>  Oriole Company</u>

<u>                           Income Statement</u>

<u>            For the Year Ended December 31, 2017</u>

Particulars Amount

Service Revenue $86,250

Less:

Expense

Salaries and Wages

Expense $38,640

Rent Expense $14,352

Utilities Expense $4,278

Advertising Expense $2,484

Total Expenses $59,754

Net Income/ (Loss) $26,496

Therefore for determining the net income/loss we simply deduct the total expenses from service revenue.

You might be interested in
A market supply schedule shows the relationship between <br><br><br> please!!!!!!
Phantasy [73]

Answer: A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph.

Explanation: I HOPED THAT HELPED,!

4 0
2 years ago
After retiring from Jones Corp., a partnership founded by Megan Jones and other partners, Megan grew tired of staying at home an
lana [24]

Answer:

The Correct option is <u>"B"</u>

Explanation:

Any person who by arguments verbal or written or by behavior characterize himself, or wittingly documents himself to be drawn, to be a companion in a very secure, is responsible as a companion in this organization to any person who has on the religion of one such illustration specified credit to the organization, whether or not the individual signifying himself or drawn to be a companion will or doesn't understand that the illustration has extended the individual therefore providing credit.

8 0
3 years ago
Read 2 more answers
At Onyx incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Ot
PIT_PIT [208]

Answer:

A $660,030

Explanation:

Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit

Therefore,

Total cost of units completed and transferred out = 117,000

5 0
3 years ago
How does inclusivity practised inclusivity in a private company​
Sergio [31]

How does inclusivity practised inclusivity in a private company​.

4 0
2 years ago
On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be
never [62]

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

3 0
3 years ago
Other questions:
  • Ashley wants to increase the profits of her e-business. what two ways can be used to accomplish her goal of increasing profits?
    10·1 answer
  • Hitzu Co. sold a copier (that costs $5,500) for $11,000 cash with a two-year parts warranty to a customer on August 16 of Year 1
    9·1 answer
  • 9 labels or advertisements for products which use circles in their name or logo
    14·1 answer
  • As an MNC (multinational corporation) seeks to balance and honor the ethical standards of both the home and host countries, conf
    13·1 answer
  • It's helpful to write a company's mission statement in what way? A. By comparing the company's products to its competitors B. By
    13·1 answer
  • A company is considering replacing its air conditioner. Management has narrowed the choices to alternatives that offer comparabl
    15·1 answer
  • Harry's Co. recently implemented an activity-based costing system. As a result of the ABC allocations, the cost of one of the co
    5·1 answer
  • what is the policy that requires a student to maintain a 2.0 gpa and earn 67% of the total hours they attempt?
    10·1 answer
  • Capitalization of interest is adding accrued
    13·1 answer
  • IDENTIFY THREE THINGS A DEED OF PARTNERSHIP CONTAINS
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!