3 years ago

Explain the difference between conflict and competition.

1 answer:

3 0

"Difference between Competition and Conflict! Competition is a 'peaceful' conflict as argued by Max Weber (1968). ... The difference between conflict and competition lies chiefly in the focus or attention and manner of achieving the goal"

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In its income statement for the year ended December 31, 2017, Crane Company reported the following condensed data. Salaries and

Westkost [7]

Answer:

NET INCOME = $180,067

Explanation:

CRANE COMPANY

Income statement for the year ended December 31, 2017

PARTICULARS $ $

Sales

Sales Revenue 3,646,500

Less Sales Discount 264,000

Net Sales 3,382,500

Cost of Goods Sold 1,628,550

Gross Profit 1,753,950

Operating Expenses

Salary and wages Expenses 767,250

Utility expenses 181,500

Depreciation Expenses 511,500

Total Operating Expenses 1,460,250

Income from operation 293,700

Add: Other Revenue

Interest Revenue 107,250

400,950

Less: Other expenses and losses

Interest expenses 41,250

Loss on disposal of plant assets 137,775 (179,025)

Income before income taxes 221,925

Income Expenses Tax 41,250

NET INCOME $180,067

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3 years ago

Hola, necesito que alguien me explique algunas cosas sobre shifting alguien que sepa de eso está bien si no sabes alguna pregunt

Sati [7]

Answer:

Please put it in English

Explanation:

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3 years ago

A single man lived in his residence for 3 years, sold it for a gain of 185000 he is 58 years old when preparing his tax return h

svlad2 [7]

File form 6239 for a reduced rate.

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3 years ago

Credit Losses Based on Credit Sales Lewis Company uses the allowance method for recording its expected credit losses. It estimat

ASHA 777 [7]

Answer:

Explanation:

The adjusting entry to record the credit losses is shown below:

Bad debt expense A/c Dr $45,000

To Allowance for doubtful debts $45,000

(Being bad debt is recorded)

The credit loss computation is shown below:

= Credit sales × estimated percentage

= $900,000 × 5%

= $45,000

For recording this transaction, we debited the expense account and credited the contra asset account.

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4 years ago

Interest: How much time will it take for an amount of 450 to yield 81 as interest at 4.5% per annum of simple interest?

True [87]

Answer:

4 years

Explanation:

Simple Interest is calculated using the formula below

I= P x r x t

Where I = Interest

p= principal

r= interest rate

t= time in years

In this case

I=81

p=450

r=4.5 % or 0.045

t=???

Therefore;

81= 450 x 0.045 x t

81=20.25t

t=81/20.25

t=4

It will take four years

7 0

3 years ago