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
Romashka-Z-Leto [24]
3 years ago
15

During the second quarter of the year, Wallace Enterprises received $30,000 from customers in exchange for providing electronic

components. During the same time, supplies were $5,000, interest expenses were $1,000, and wages were $15,000. On an income statement, the company would declare which of the following?
a. $16,000 expenses
b. $9,000 net loss
c. $21,000 expenses
d. $30,000 net income
Business
1 answer:
SSSSS [86.1K]3 years ago
5 0

Answer:

On an income statement, the company would declare c. $21,000 expenses

Explanation:

Wallace Enterprises received $30,000 from customers in exchange for providing electronic components. Income from the exchange was $30,000

During the second quarter of the year, total expense = supplies expense + interest expenses + wages expense = $5,000 + $1,000 + $15,000 = $21,000

Income from the exchange - total expense = $30,000 - $21,000 = $9,000>0

The company recognizes gain $9,000.

On an income statement, the company would declare $21,000 expenses

You might be interested in
How do i find the net income?
marishachu [46]

Answer:

Subtract all your expenses from your earnings which would be 750,000 - 200,000 -150,000 - 50000 = $350,000 net income

6 0
2 years ago
Salcia is a country that depends heavily on domestic products. The Salcian government decides on the products that can be import
hoa [83]

Answer:

D) Mercantilism

Explanation:

Based on the information provided within the question it can be said that Salcia's approach to international trade is being influenced by Mercantilism. This term refers to a policy that was created in order to maximize exports of a nation while at the same time minimizing the imports. This is what Salcia is trying to accomplish by not importing anything that they can make at home.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Corporate social responsibility (csr) means that a corporation should:
postnew [5]
<span>Corporate Social Responsibility (CSR) can be described as an approach of business that contributes to continuous development of business by providing/delivering economic, environmental and social benefits to all the stakeholders of the company. CSR means that a corporation should take accountability of its actions on people, community and the environment in which it exists.</span>
6 0
2 years ago
The process of joint decision making in which employees share a high degree of decision-making power with their superiors is cal
iVinArrow [24]

Answer:

The process of joint decision making in which employees share a high degree of decision-making power with their superiors is called Participative Management

5 0
2 years ago
gamma manufacturing employs some of the top professionals in its field, and because of their skills and experience, gamma is hig
taurus [48]

Gamma Manufacturing employs some of the top professionals in its field, and because of their skills and experience, Gamma is highly efficient and outperforms its competitors. Gamma Manufacturing has a(n)<u> Competitive Advantage</u> over its competition.

A competitive advantage distinguishes a company from its competitors. It contributes to more significant prices, more customers, and brand loyalty. Creating such a competitive advantage is one of the most important goals of any firm. It is critical for corporate success in today's environment. Companies will struggle to exist if they do not have it. A competitive advantage enables a company to outperform its competitors. It refers to variables that allow a corporation to produce better services or items. "Competitive advantage" is a concept that is commonly used in business, but it can also apply to countries, organisations, and individuals.

Learn more about Competitive Advantage here:

brainly.com/question/13215401

#SPJ4

7 0
2 years ago
Other questions:
  • QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave
    5·1 answer
  • Asymmetric Frames Corp. had a return on equity of​ 15%. The​ corporation's earnings per share was​ $6.00, its dividend payout ra
    15·1 answer
  • Zenon Inc. has the following taxable income: U.S. source income $ 1,900,000 Foreign source income 240,000 Taxable income $ 2,140
    7·1 answer
  • A company collects an account receivable previously written off. Indicate how this transaction would affect:______.a. assets, st
    8·1 answer
  • Montana Company was authorized to issue 150,000 shares of common stock. The company had issued 69,000 shares of stock when it pu
    15·1 answer
  • On December 31, 2018, Perry Corporation leased equipment to Admiral Company for a five-year period.
    7·1 answer
  • Pelican, Inc. had revenues of $395,000, expenses of $155,000, and dividends of $54,000 during the current year. Based on the giv
    13·1 answer
  • The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor
    15·1 answer
  • Depending on a person's _____, he or she may be held to a higher standard of care.
    7·1 answer
  • What was the MAIN topic of this chapter?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!