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yarga [219]
3 years ago
5

Given the following information, what is the value of Depreciation and Amortization Expense?

Business
1 answer:
Slav-nsk [51]3 years ago
6 0

Answer:

B) $43,400

Explanation:

The computation of the net income is shown below:

Revenue $100,000

Less: Cost of goods sold $10,000

Gross profit $90,000

Less: Selling General & Administrative Expenses $20,000

Less: Research and Development Expense$5,000

Less: Depreciation and Amortization Expense $3,000

Operating income $62,000

Less: Income tax provision -$18,600

Net income $43,400

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At their regular monthly meeting, a group of local brokers agrees that the introduction of "discount brokerages" in their area w
steposvetlana [31]

Answer:

would be considered collusion.

Explanation:

Collusion refers to an illegal agreement between two or more businesses that decide to cooperate together by setting prices or production quotas. This businesses should naturally compete against each other, not team up to charge higher fees. Collusion is illegal because it leads to unfair market advantages because they negatively affect competition.

8 0
3 years ago
When faced with a conflict, police officers should?
mihalych1998 [28]
<span>Policy officers should try to de-escalate the situation to avoid violence whenever possible. Therefore, officers should avoid aggressive approaches or intimidation and should instead be non-confrontations. Physical force should be reserved as an absolute last resort.</span>
4 0
3 years ago
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A company is trying to decide whether to sell partially completed goods in their current state or incur additional costs to fini
Ghella [55]

Answer:

b-the costs incurred to process the units to this point

Explanation:

Since in the question it is given that the company want to decide whether to sell partially completed goods or should incurred extra cost in order to finished the goods and sells them as a completed unit

So there should be the decision regarding selling price for the units that are completed, the selling price for the units that are partially completed and the cost i.e to be incurred for finishing the units

8 0
3 years ago
Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue
emmasim [6.3K]

Answer:

a. revenue (R), affecting owner's investment (I)

b. not affecting owner's equity (NOE)

c. expense (E) and affecting owner's investment (I)

Explanation:

Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.

7 0
3 years ago
on september 1, best company began a contract to provide services to dilwood company for 6 months, with the total of $10800 paym
Lelu [443]

Answer:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

Explanation:

Th adjusting entry is shown below:

Fee Receivable$7,200

             To Service Fees Earned $7,200

(Being the service fess earned is recorded)

For recording this we debited the fees receivable as it increased the assets and credited the services fees earned as it increase the revenues

Since the payment is made for 6 months but we have to recorded for 4 months i.e computed from September 1 to December 31

= $10,800 × 4 months ÷ 6 months

= $7,200

7 0
3 years ago
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