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Firlakuza [10]
3 years ago
10

The following account balances appear in the 2021 adjusted trial balance of Beavers Corporation: Service Revenue, $245,000; Sala

ries Expense, $104,000; Supplies Expense, $17,000; Rent Expense, $23,000; Depreciation Expense, $38,000; and Delivery Expense, $15,000. Prepare an income statement for the year ended December 31, 2021.

Business
1 answer:
Radda [10]3 years ago
7 0

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

Before preparing the income statement, we have to compute the net income or net loss for the given period which is shown below:

Net income = Service revenue - Salaries Expense - Supplies Expense - Rent Expense - Depreciation Expense - Delivery Expense

= $245,000 - $104,000 - $17,000 - $23,000 - $38,000 - $15,000

= $48,000

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

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Babble, Inc., buys 405 blank cassette tapes per month for use in producing foreign language courseware. The ordering cost is ​$1
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Answer:

The appropriate solution is "764".

Explanation:

Given:

Demand per month,

D = 405

or,

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  = 4860

Ordering cost,

S = $15

Holding cost,

H = $0.25

As we know,

⇒  EOQ=\sqrt{\frac{2DS}{H} }

⇒            =\sqrt{\frac{2\times 4860\times 15}{0.25} }

⇒            =\sqrt{\frac{145800}{0.25} }

⇒            =\sqrt{583200}

⇒            =763.67

or,

⇒            =764

3 0
2 years ago
What are Pros and cons of perfect competition?
Anit [1.1K]

Explanation:

Perfect competition - A perfectly competition firm is one that is marked by a huge number of seller / producers as well as a large number of buyers . These firms produce large amounts of homogeneovs products that are sold at a price decided in the market by market force .

4 0
3 years ago
Read 2 more answers
If you have 1-year rate is 8%, 2-year rate is 9%, and 3-year rate is 10%. Assume that the pure expectations theory for the term
e-lub [12.9K]

Answer:

1 year rate 2 year from now = 12%  (Approx)

Explanation:

Given:

1-year rate = 8%

2-year rate = 9%

3-year rate = 10%

Computation:

According to Pure Expectations Hypothesis,

(1 + 3-year rate)³ = (1 + 2-year rate)² (1 + 1 year rate 2 year from now)

(1.10)³ = (1 + 1.09)²(1 + 1 year rate 2 year from now)

1.331 = 1.1881 (1 + 1 year rate 2 year from now)

(1 + 1 year rate 2 year from now)  = 1.12

1 year rate 2 year from now = 0.12

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Mariana [72]
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Answer: false

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The statements that there' little relationship between CSR behaviors and consumer reaction to the products and services of the firm according to survey results listed in the Harvard Business Review is not true.

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