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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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3. Mark each of the following statements, regarding the WTO, as true or false. If false, correct the statement. a. ______ The WT
nata0808 [166]

Answer:

a. True.

b. False.

c. True.

d. False.

Explanation:

The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world. It is an international economic organizations that is involved in fostering global economy and trade between countries.

a. True: The WTO was formed by countries that conduct the majority of international trade.

b. False: The WTO seeks to increase import quotas and reduce import and export tariffs. Actually, WTO seeks to eliminate or reduce import quotas and reduce import and export tariffs.

c. True: The WTO seeks to eliminate restrictions on the flow of money between countries.

d. False: Though it can hear accusations, the WTO cannot order remedies. Actually, WTO can both hear accusations and order remedies.

3 0
3 years ago
The Jordan Company had the following transactions Aug. 3 Owner invested $9,000 to start the company Aug. 7 Purchased $500 of equ
sweet [91]

Based on the various transactions that the Jordan Company had during the month, the amount of cash they would have is <u>$2,500.</u>

<h3>What amount of cash Jordan have?</h3>

The cash the company would be left with can be found as:

= Cash inflows - Cash outflows

This can be further broken down as:

= Investment - Equipment purchases - Inventory purchase

= 9,000 - 500 - 6,000

= $2,500

The services sold were not added because the bill had just been sent and no payment had been made.

In conclusion, they would have $2,500.

Find out more on cash balances at brainly.com/question/24848906.

8 0
2 years ago
Choose all the characteristics of an effective leader.
borishaifa [10]

Answer:

likes competitions, puts in the work, team player

8 0
3 years ago
Maturity Risk Premium The real risk-free rate is 3%, and inflation is expected to be 2% for the next 2 years. A 2-year Treasury
Whitepunk [10]

Answer:

The maturity risk premium is 1.0%.

Explanation:

The maturity risk premium or the 2-year security can be calculated as follows:

Maturity Risk Premium = Yield of the treasury note - Nominal risk free Interest rate

Nominal risk free Interest rate  = Real​ risk-free rate of interest + Expected inflation = 3% + 2% = 5%

Therefore;

Maturity Risk Premium = 6.0% - 5.0% = 1.0%

Therefore, the maturity risk premium or the 2-year security is 1.0%.

5 0
3 years ago
Read 2 more answers
When a company shifts from a traditional cost system in which manufacturing overhead is applied based on direct labor-hours to a
Dimas [21]

Answer:

True

Explanation:

An activity based costing (ABC) system assigns resources to the different production activities, and then unit costs are determined by the proportion of the production activities that every unit requires.

This is a much more complex costing method than just assigning overhead costs based on direct labor hours or machine hours.

6 0
3 years ago
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