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lora16 [44]
3 years ago
15

Item 12Item 12 During October, a firm had the following transactions involving revenue and expenses. Paid $1,275 for rent for Oc

tober Provided services for $2,900 in cash Paid $280 for the October telephone service Provided services for $2,050 on credit Paid salaries of $1,750 to employees Paid $380 for the monthly office cleaning service Calculate the net income or net loss for the period?
Business
1 answer:
wariber [46]3 years ago
8 0

Answer:

$1,265

Explanation:

Net income is the excess of revenue over expenses while Net loss is the excess of expenses over revenue.

We can calculate the net income/net loss for the firm as seen below.

Revenue $

Service. 2,900

Service 2,050

Less : Expenses

Rent $1,275

Telephone $280

Salaries. $1,750

Cleaning $380. (3,685)

Net income. 1,265

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I do believe luxurious brands are very picky with there titles
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Bettina Amman is a sales consultant. She travels all over the country selling her company’s products. Her total monthly expenses
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Answer:

a. $7,382.40

Explanation:

With regards to the above,

Bettina Amman 's average monthly expenditure calculation is shown below;

= Total monthly expenses / Number of months

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Therefore, Bettina Amman's average monthly expenditure is $7,382.40

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A company uses cash to pay all of the following excepta. All of these choices are correct.b. interest to creditorsc. dividends t
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Answer:

d. depreciation expense

Explanation:

The expenses which are paid by cash reduced the cash balance displayed in the balance sheet . Like interest to creditors, stockholders dividend, wages expenses, miscellaneous expenses, admin expenses, etc. These expenses can be paid either by cash or by bank account .

But the depreciation expense is a non - cash expense which reduces the fixed asset balance over the fixed asset useful life. Plus this is shown in the income statement on the debit side. Like this other examples would be goodwill impairment, amortization expenses, etc.

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3 years ago
Place the steps in order to perform a quick sort.
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2 years ago
A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming s
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A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming sales meeting is using Coercion type of political behavior.

<h3>What is Coercion behaviour?</h3>
  • Coercion is the use of threats, especially physical threats, to induce an unwilling action from a party.
  • It entails a series of coercive behaviors that go against an individual's free will in an effort to elicit the desired response.
  • Extortion, blackmail, or even torture and sexual assault are examples of these activities.
  • Coercion occurs when someone is threatened with violence if they refuse to sign a contract.

Elements of Coercive Practices Proof

  • Damaging, endangering, or threatening to harm.
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  • Unfairly sway a party's course of action.

Learn more about coercion here:

brainly.com/question/14292154

#SPJ4

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2 years ago
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