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andrew-mc [135]
3 years ago
15

Net income = Gross income - Business Expenses and Deductions. Given the following information, what does the net income for the

month equal? Gross Income = $4,000, Expenses = $1,000, Deductions = $500a. $500b. $1,000c. $2,500d. $3,000
Business
1 answer:
Doss [256]3 years ago
6 0

Answer:

c. $2,500

Explanation:

Given that

Net income = Gross income - Business Expenses and Deductions

By following this above formula, the net income would be  

= $4,000 - $1,000 - $500

= $2,500

The net income has come after subtraction of the business expenses and the business deductions from the gross income.

Hence, the net income is $2,500 i.e option c.

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Aleks [24]

Answer:

A. Todd, American, to visit Macedonia spring brew

Explanation:

<em>Todd is a loser due to the depreciation of the U.S. dollar because now he will need more dollars to buy a comparative amount of South Korea won. His trip will now be more expensive. </em>

<em> An investment bank in South Korea, interested in purchasing U.S. government bonds - winner </em>

<em> The investment bank will exchange fewer wons for U.S. dollars than before. Buying government bonds will now be cheaper for them. </em>

<em> Goodyear, a firm based in the United States, sells car tires in South Korea - winner </em>

<em> Goodyear will likely sell more cars because for its South Korean customers, the cars are now cheaper since the value of the dollar has depreciated against the currency that they hold. </em>

<em> A family from South Korea visits relatives in the United States - winner </em>

<em> The South Korean family will exchange fewer wons for more U.S. dollars, making their trip cheaper. </em>

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4 0
3 years ago
Pizza International, Inc., reported the following information (in thousands): Operating Activities Net Income $ 236 Depreciation
Aleks04 [339]

Answer:

$22,640

The explanation is shown below:-

Explanation:

The computation of cash flow from operating activities using the direct method is shown below:-

                               Direct method

                            Pizza International, Inc.

                          Statement of cash inflow

Cash flow from operating expenses

Cash received from customers       $143,777

($143,951 - $174)

Cash Paid

To suppliers                                      ($53,773)

($45,700 - $651 + $8,724)

To salaries and wages                     ($56,855)

For office expenses                         ($7,730)

($7,785 + $668 - $723)

For income tax expenses               ($2,779)

($50 + $2,729)

Net cash inflow from operating

activities                                            $22,640

It is mainly due to no depreciation expenses for cash products. Depreciation expenses do not contribute to cash outflows. Because of which company has reported large cash inflow from operations compared to near net loss.

3 0
4 years ago
What is the most common type of fraud? multiple choice customer theft robbery arson employee theft collusion
11111nata11111 [884]

Employee theft is the most common type of fraud.

<h3>What is fraud?</h3>

Fraud is a deliberate act of deception intended to give the offender an unauthorized benefit or to deny the victim of a right. Tax fraud, credit card fraud, wire fraud, securities fraud, and bankruptcy fraud are all examples of fraud. Fraudulent conduct can be committed by a single person, a group of people, or an entire company.

<h3>How does financial fraud work?</h3>

Financial fraud is a crime that involves hacking into accounts and transactions in order to benefit the perpetrator financially. People must be aware of financial fraud because it has become more prevalent as a result of the growing payments sector and widespread usage of credit and debit cards.

<h3>What is phishing?</h3>

The growth of online banking and the overall expansion of the cyber world have made it possible for fraudsters to use online channels to target online bankers. Phishing emails can be sent to online bankers under the guise of being from a bank, allowing them to seek users' login information and passwords without coming off as unusual. All of the financial information of online bankers who fall for this phishing email will be stolen for the scammer's gain.

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7 0
2 years ago
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Explanation:

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Gala2k [10]

Answer:

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