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Novay_Z [31]
3 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]3 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)

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<h2>Original offer becomes void (nothing).</h2>

Explanation:

Counteroffer: The original offer would have been either rejected or modified with new one.

This gives the original offeror three options:

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Example:

When a buyer makes an offer on say "home", there is a possibility of seller can making a counteroffer. In other terms, a counteroffer is one of the negotiating tactic in response to the initial offer. You can call it as business tricks. When a counteroffer is announced, "the original offer goes nothing(void)".

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3 years ago
In title theory states what clause is unique to the mortgage?
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8 0
2 years ago
4. if you have two children, ages 2 and 4, how much should you record in step 3 of the form? (3 points)
Minchanka [31]

Based on the information provided, you should record two (2) dependents in Step 3 of the W-4 form.

<h3>What is a W-4 form?</h3>

A W-4 form simply refers to an internal revenue service (IRS) tax form which is used in the United States of America, so as to indicate the correct federal income tax that should be withheld from an employee's paycheck.

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In this scenario, we can logically conclude that you should record two (2) dependents in Step 3 of the W-4 form because you've two (2) children, aged 2 and 4.

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4 0
2 years ago
Stadford, Inc. is financed with 40 percent debt and 60 percent equity. This mixture of debt and equity is referred to as the fir
miss Akunina [59]

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Therefore, the mixture of 40 percent debt and the 60 percent of the equity is refers to capital structure.

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3 years ago
A stock that sold for ​$ per share at the beginning of the year was selling for ​$ at the end of the year. If the stock paid a d
Anestetic [448]

Answer:

137.77%

Explanation:

obviously the numbers are missing, so I looked for a similar question:

"A stock that sold for ​$26 per share at the beginning of the year was selling for ​$52 at the end of the year. If the stock paid a dividend of ​$9.82 per​ share, what is the simple interest rate on the investment in this​ stock? Consider the interest to be the increase in value plus the dividend."

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