Answer:
Cash received from ebony is 50k
payment to be met is 28000
net income is
$50000-$28000=$22000
is the net income to be recognised
Answer:
390 F
Explanation:
Spending variance is defined as the difference between the actual expenses and planned expenses. It is favorable when the actual expenses is less than planned and vice versa.
Operating cost $3000
Maintenance per snow day - $330
Budgeted snow day - 24
Actual snow day - 26
Actual operating cost - $11,190
Variance
((330*26)+3000 =11580
Actual operating cost = 11,190
Variance = 11580-11190= 390 F
Answer:
c. Domestic production of coffee falls, and Ectenia becomes a coffee importer.
Explanation:
As with a change in economic situations related to an individual product, it impacts the nation trading worldwide of that product.
In the given instance the domestic price of coffee falls, and then with this it is obvious that demand tends to increase, also because of decrease in price the contribution of companies domestically tends to decrease, therefore, the companies might not further produce coffee.
And with the resulting demand the country would have to import coffee beans.
Therefore, the correct answer is:
c. Domestic production of coffee falls, and Ectenia becomes a coffee importer.
Answer:
<u>Riverbed Company</u>
<u>Income statement for the year July 31, 2022</u>
Service revenue 61,900
<u>Add Other Incomes</u>
Rent revenue 8,500
70,400
<u>Less Expenses</u>
Salaries and wages expense 52,000
Utilities expense 22,600
Depreciation expense 3,500 (78,100)
Net Income / Loss (7,700)
Explanation:
In the Income Statement, we record Revenues and Incomes only. This Statement is used to calculate the Profit earned during the Reporting Period.
