Answer: Introvert with a high need for power
Explanation: An Introverted individual is one who is considered more thoughtful than social, with a personality more inwardly than outwardly directed and as one who often prefers to have time in non-social situations. Given this, an introvert with a high need for power, however, would be more likely to join the cross-country team, which is an individual sport, rather than the volleyball team (team sport) and want to be captain of the team rather than just be a member.
Answer: <u>
Net income = $201,000</u>
Explanation:
Net income = (Sales - COGS - depreciation - interest expense)(1 - tax)
where;
Sales = $1,400,000
COGS(Cost of goods sold) = $ 800,000
Depreciation = $175,000
Interest expense = $90,000
Tax = 40%
∴ Net income = (1,400,000 - 800,000 - 175,000 - 90,000)
(1 - 0.4)
Net income = 335,000
0.6
<u>
Net income = $201,000</u>
Answer:
d. posting
Explanation:
There are various steps to prepare the financial statements. These are as follows:
1. Journalizing: It is a recording of business transaction with a narration in which the one account is debited and the other account is credited. It can be more transactions debited and credit that is depending upon the nature of the transaction.
2. Ledger posting: After recording the journal entries, the next step is to make the number of ledger i.e posting of the amount and the accounts to their respective ledger i.e sales ledger, purchase ledger, etc
3. Trial balance
4. Income statement
5. Statement of owners equity
6. Balance sheet
7. Cash flow statement
a want is anything that you dont need but it is a nice luxury that you would like to have