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KIM [24]
3 years ago
15

Dynamic Production Services started the year with total assets of $130,000 and total liabilities of $50,000. The company is a so

le proprietorship. The revenues and the expenses for the year amounted to $100,000 and $60,000, respectively. During the year, there were no new capital contributions and the owner withdrew $45,000. Calculate Dynamicʹs net income for the year.
A) $60,000.
B) $130,000.
C) $40,000.
D) $100,000.
Business
1 answer:
____ [38]3 years ago
6 0

Answer:

C) $40,000.

Explanation:

As we know, the net income is a difference between the total revenues and the total expenditure incurred

Net income = Total revenues earned - Total expenditure incurred

                   = $100,000 - $60,000

                   = $40,000

By subtracting the total expenses from the total revenues we can find out the net income and the same method is applied in the above calculation

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Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of sof
ad-work [718]

Answer:

Direct material price variance= $2,500 favorable

Explanation:

Giving the following information:

The standards for each cap allow 2.00 yards of soft for $2.00 per yard. During January, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 2.1)*25,000

Direct material price variance= $2,500 favorable

7 0
2 years ago
The following are the stages of both consumer and organization purchase decisions. Place each stage in the most typical order of
777dan777 [17]

Answer:

Problem Recognition.

Information Search.

Evaluation of Alternatives.

Purchase Decision.

Purchase.

Post-Purchase Evaluation

Explanation:

1. Problem Recognition: This relates to the existence and realization of the  <u>need gap</u> between what they have and what they want.

2. Information Search: This is the next stage where the consumer begins to search for how to close the need gap.

3. Evaluation of Alternatives: After searching for  available information on potential way(s) to meet the existing need, the product of the search could reveal numerous alternatives from which a choice will be made after thorough evaluation

Purchase Decision: This is the point where the choice is made from the available alternatives to buy one or not to buy any at all.

Purchase: After the decision, the purchase is made

Post-Purchase Evaluation: After a purchase decision, it is imperative that the customer gives feedback on whether or not they are satisfied with the decision that was made or not, to buy the product.

3 0
3 years ago
Which of the following best explains why unions give workers more power in contract negotiations? A. Employers aren't legally al
hram777 [196]

Option D

Employers can't fire an entire union because of the difficulty of replacing every worker best explains reason for unions give workers more power in contract negotiations

<h3><u>Explanation:</u></h3>

One of the numerous significant advantages of getting collectively with your co-workers to create a union is obtaining the accuracy and protection of a union contract. A union contract is a printed contract among the employer and the employees that describes the phases and advantages in a sinless and legally-binding way.

The ability to be capable to recommend policy reforms or raise problems with a company as a whole preferably of just practicing them alone to a manager. A contract is not deemed to be in force till the membership has voted to approve it.

5 0
3 years ago
Read 2 more answers
Contact Process: What safety, cost, or other considerations prevent most industrial applications from using the most ideal condi
Margaret [11]
So here is the answer of the given question above:
In terms of economics, Harber's process takes a huge amount of capital. Initially, the process demands for a very high pressure and this is very expensive to produce. Second, the company would need to establish extremely sturdy pipes and containment vessels to endure the very high pressure, in order to produce this required condition; the building process is very costly as well as the maintenance. Hope this answer helps.
5 0
3 years ago
Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold,
Alex777 [14]

Answer: a. Partnership

Explanation:

Partnership could be defined as a process where two or more group of persons join their resources together to form a business or an investment, if it's a business, it is ran by both of them and the profit and loss realised is been shared amongst them. During partnership, the ratio of capital invested determines the ratio of profit that would be realised by the different persons. Harold and Zack combining resources to own a real estate investment is known as capital despite not signing legally for it yet.

7 0
3 years ago
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