The net income for the year 2022 is: c. $88,000.
<h3>Net income for the year 2022</h3>
Using this formula
Net income=Revenues - Expenses
Let plug in the formula
Net income=$735,000-$647,000
Net income=$88,000
Therefore the correct option is c.
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<span>According to Roosevelt, good trust
stayed within reasonable bound whereas, "bad" trust hurt societies
general welfare. Roosevelt insisted that it was essential to make the
distinction between the two because he had a strong preference to regulate
corporations for the public welfare rather than destroy them.</span>
Answer:
The correct answer is: more likely to experience a loss when sales are down than a company with mostly variable costs.
Explanation:
The fixed cost ratio is a simple ratio that divides fixed costs by net sales.
The profit formula is:
Profit = Sales- Total cost =(Price * Q)-(FC + VC*Q)
Where
FC=Fixed cost
VC= variable cos
t
Q=produce quantity
If sales go down, we have to pay this fixed cost even if we have no sales. So if this Fixed cost are high , is most likely we are going to experience loss
Answer:
The correct answer is C: information to managers inside the organization
Explanation:
Management accounting is a part of accounting that regards the identification, measurement, analysis, and interpretation of accounting information to help managers in the decision-making process to efficiently manage a company’s operations. On the contrary of financial accounting, which is primarily concentrated on the correct organization and reporting of the company’s financial transactions to outsiders (e.g., investors, lenders), managerial accounting is focused on internal decision-making.
Answer:
The answer is B
Explanation:
When nobody wants the product, the product builds up until there is so much the product becomes cheaper. This is because the product is not scarce anymore.
