Question Completion:
Centerpiece Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data of Centerpiece Arrangements.) Prepare the income statement of Centerpiece Arrangements for the year ended December 31, 2018. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Net Income
i Data Table $ $ Insurance Expense Service Revenue Utilities Expense Rent Expense Common Stock Cash Retained Earnings, January 1, 2018 6,500 92,000 800 13,000 7,000 6,400 Salaries Expense Accounts Payable Office Supplies Dividends Accounts Receivable Equipment 42,000 2,600 2,500 4,500 3,500 27,600 5,200
Answer:
Centerpiece Arrangements
Income Statement for the year ended December 31, 2024:
Service Revenue $92,000
Expenses:
Insurance expense $6,500
Utilities expense 800
Rent expense 13,000
Salaries expense 42,000
Total Expense $62,300
Net Income $29,700
Explanation:
a) Data:
Trial Balance as for December 31, 2024:
$ $
Insurance Expense 6,500
Service Revenue 92,000
Utilities Expense 800
Rent Expense 13,000
Common Stock 7,000
Cash 6,400
Retained Earnings,
January 1, 2018 5,200
Salaries Expense 42,000
Accounts Payable 2,600
Office Supplies 2,500
Dividends 4,500
Accounts Receivable 3,500
Equipment 27,600
Total $106,800 $106,800
Answer:
D
Explanation:
Firstly, before we answer this question, we need to know what a futures contract is.
A futures contract can be defined as an agreement specifying the delivery of a commodity or a security at an agreed future date and at a currently agreed price.
This means to set a future contract rolling, we need to have an agreed date if delivery and currently agreed price by both parties involved.
Now, to the question, the correct answer is D. He has the obligation to deliver the underlying financial instrument at the specified future date
Answer:
Evan's AGI is $ 66,000 and his taxable income is $ 54,000
Explanation:
To calculate the AGI you have to perform the following:
Salary $ 67,300
work hourly pay <u>$ 700</u>
Gross pay $68,000
Modified AGI $ 68,000
<h3>Student loan interest deduction (2500)-((68000-65000)×(2500/15000)) =
$-2000</h3>
AGI $66,000
Next, to calculate the taxable income you have the follwong substraction
AGI $ 66,000
Standard deduction $12,000
Personal deduction <u> 0 </u>
Taxable Income $ 54,000
Answer:
E. Shifting from a multi-country to a global strategy.
Explanation:
- The process of diversification allows the firms to reap the competitive advantages as the benefits of the skills and transfers, low costs economies of scope.
- Cross boundaries used by the powerful brands and collaboration in the creation of stronger and competitive capabilities.
- A diversified firms thus look for a global strategy to spread its risks and establish its business and develop its main strategic alternatives.
- The diversified firms hence have ample market opportunities and thereby brain the scope of the business.
It implies that you don't have to give up on your unachievable objectives or lofty aspirations. You should have big dreams. You must go to work.
<h3>What exactly does it mean to "construct castles in the air"?</h3>
ideas with an extremely slim possibility of success. Your effort need not be lost if you have constructed castles in the sky; that is where they belong. Place foundations beneath them now. Henry David Thoreau, to wit. These statements have a powerful impact on both young adults looking for their place in the world and adults who have found their position but are unsure of what to do next.
<h3>Why shouldn't we erect castles in the sky?</h3>
Complete Resolution. The right response, which is dream, is option 3. Build castles in the air is a slang expression for making unattainable, impractical, or very improbable goals or dreams.
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