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serious [3.7K]
3 years ago
14

In a budgeted income statement, _________ is subtracted from net operating income to arrive at net income. cost of goods sold in

terest expense selling and administrative expense depreciation expense
Business
1 answer:
zepelin [54]3 years ago
6 0

Answer:

interest expense

Explanation:

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Lisa has a credit card with a limit of $3,000. This means that
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7 0
2 years ago
Read 2 more answers
On December 31 the Income Summary account of Cook Company has a debit balance of $18,000 after revenue of $49,000 and expenses o
Ann [662]

Answer: The answer is given below

Explanation:

The journal gives a detailed account of the financial activities that has taken place in an organization or a business.

The journal entries necessary to complete closing the above accounts has been recorded and attached. It should also be noted that the capital balance will be:

= $84000 - $18000 - $23000

= $43000

Check the attached file for further analysis.

5 0
3 years ago
An invoice for $450 has terms 2/10 1/30 n/60. If you pay on the eight day . How much will you remit?
marishachu [46]
450 * .02 = $9
it say it was paid in  the payment was made within 8 days you can pay $450 - $9 = $441

6 0
3 years ago
Save the children can be described as a? ________, a company that adopts a global perspective and engages in international busin
maks197457 [2]
<span>Save the children can be described as a Born global firm, </span>a company that adopts a global perspective and engages in international business from or near its inception.
A born Global firm tend to utilize several resources from another countries (such as workers or cheap material) in order to gain leverage some sort of competitive advantage the in international market.
8 0
4 years ago
Chapter 7 1) Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for
yuradex [85]

Answer:

A) $171,000 favorable

Explanation:

Static Budget variance is calculated by simply taking difference of budgeted values and actual values.

                         <u>                                                                             </u>

                  <u>Static budget Variance report of Lincoln Corporation</u>

                             Budgeted      Actual     Variance    Status

Units sold               39,000        48,000       9000       Favorable

Revenue (@$19)   $741,000    $912,000   $171,000   Favorable

Variable costs      $152,000    $167,000   $15,000     Unfavorable

Fixed costs           $50,000     $41,000     $9,000      Favorable

                         <u>                                                                             </u>

As Sales is increased by 9000 units and $171,000, the increase in sale is a favourable varince. So, correct option is A) $171,000 favorable.

5 0
4 years ago
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