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
Novay_Z [31]
2 years ago
12

As of December 31, 2017, Armani Company s financial records show the following items and amounts Cash ..........................

............................ $10,000 Accounts receivable .................................... 9,000 Supplies ................................................... 6,000 Equipment ................................................ 5,000 Accounts payable ........................................ 23,000 A. Armani, Capital, Dec. 31, 2016 .................... 4,000 A. Armani, Capital, Dec. 31, 2017 .................... 7,000 A. Armani, Withdrawals .............................. 13,000 Consulting revenue .................................... 33,000 Rental revenue .......................................... 22,000 Salaries expense ........................................ 20,000 Rent expense ............................................ 12,000 Selling and administrative expenses ............... 8,000 Required Prepare the 2017 year-end income statement for Armani Company. Prepare the 2017 year-end income statement for Armani Company.
Business
1 answer:
Leviafan [203]2 years ago
6 0

Answer:

Explanation:

The preparation of the year-end 2017 income statement for Armani Company is shown below:

                                        Armani Company

                                      Income statement

Revenue

Consulting revenue   $33,000

Rental revenue $22,000

Total revenues $55,000 (A)

LESS: Expenses

Salaries expense $20,000

Rent expense $12,000

Selling and administrative expenses $8,000

Total expenses $40,000 (B)

Net income $15,000 (A- B)

You might be interested in
A company's ________ serve as instructions for people to follow when accomplishing an activity on a computer.
Nimfa-mama [501]

A company's procedures serve as instructions for people to follow when accomplishing an activity on a computer. The order of the steps to be performed to make something happen or how something is done is the definition of process. A method would be to crack eggs into a bowl, beat them, and then scramble them in a skillet. a specific way to carry out an activity.

Workplace policies have a direct relationship with workplace procedures. A process is a set of instructions outlining how to carry out a policy. Employees are given a thorough awareness of the company's norms and ideals through the use of both policies and procedures.

To learn more about procedures, click here.

brainly.com/question/27176982

#SPJ4

4 0
1 year ago
How would you pay taxes on a earned income?
nasty-shy [4]
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
3 0
3 years ago
Sunset Foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products
Rzqust [24]

Answer:

a. By establishing cross-functional teams.

Explanation:

Cross functional teams are the ones in which there are people from different departments. In this people from different departments works on the same common goal as set by the management to be achieved by the organization.

As the company has been working in the centralized functional structure, that means all the major decisions were taken by the executive management personnel, and accordingly the company can even in the establishment of cross functional team, can make this possible.

As all together each department will be working on this, and at the same time the management can keep access to the controls.

3 0
3 years ago
What is a cash book used for?​
Alinara [238K]

Answer:

to keep track of all business transactions in case of an audit

8 0
2 years ago
Read 2 more answers
The goal of this exercise is to demonstrate your understanding of the total logistic cost factors, which are expenses to be mini
brilliants [131]

Answer and Explanation:

Stockouts logistics cost factor-

Safeway,

Kmart

Transportation logistics cost factor-

Hyundai,

Ford

Inventory logistics cost factor-

Toyota,

Frito Lay

Return goods handling logistics cost factor-

Phillips,

Costco

Warehousing and materials handling logistics cost factor -

Coca Cola,

Walgreens

Order processing logistics cost factor-

SC Johnson,

Chrysler

logistics cost factors are cost factors associated with logistics ( concerned with acquisition, storage and transportation ofresources) based on the kind of business or kind of products or services a company is into. From the above we see that logistics cost factors vary as the companies are into different products or services and industries and therefore face different logistics costs associated with their production and or delivery. Every company aims to achieve logistics efficiency through minimizing costs associated with their logistics costs factors example Hyundai with transportation logistics cost factors would aim to reduce it's logistics cost factors and maximise profits by its locating it's manufacturing plant close to where it imports parts for it's vehicle manufacturing so as to reduce cost of transporting vehicle parts to manufacturing plant

7 0
2 years ago
Other questions:
  • As a manager of a small clothing store, Archer favors detailed job descriptions, formal rules and regulations, thorough records,
    13·1 answer
  • ​julio's term paper is due on thursday at 5 p.m. on wednesday, he asks his professor if he can turn it in on friday morning, to
    6·1 answer
  • On January 1 of the current year, East Corp. adopted a defined benefit pension plan. The planâs service cost of $75,000 was full
    10·1 answer
  • On January 1, 2021, Sheridan Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease call
    14·1 answer
  • A company reports the following annual information for its single product: Sales price $48 per unit Variable costs $15 per unit
    14·1 answer
  • A recent study shows the benefits of using public transportation. Government officials have hired your consulting firm to increa
    14·1 answer
  • Export supply curves are __________________; import demand curves are ___________________.
    5·1 answer
  • Joshua is 25 years old and has a high risk job making $72,000 a year. The insurance company charges him an extra 20% on top of h
    8·1 answer
  • Which scenario is not a violation of your rights as a debtor?
    7·1 answer
  • All of the following are benefits of workforce diversity except:_____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!