Net income
What is net income?
Net income can either be added to retained earnings by the company or given as a dividend to ordinary stockholders. Net earnings and net profit are frequently used as synonyms for net income because profit and earnings are used interchangeably for income (depending on usage in the UK and the US as well). Net income is frequently substituted with the word income, but this is not preferred owing to potential ambiguity. Because net income is often located on the last line of a company's financial statement, it is colloquially known as the bottom line (a related term is top line, meaning revenue, which forms the first line of the account statement).
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Answer:
a.Supplies expense would be debited for $600.
Explanation:
Assuming there is no opening Inventory:
End of period supplies balance = Opening balance + purchases in the period - Expense for the period
200 = 0 + 800 - Expense for the period
Expense for the period = 800 - 200
Expense for the period = 600
So the correct option is a.Supplies expense would be debited for $600.
Answer:
Good communication skills
Problem solving skills
Critical thinking skills
Patience
Self perceptiveness
Explanation:
Answer:
D) 1,500
Explanation:
rent per room =$100 dollars
variable cost= $ 20 dollars
fixed cost =$ 100,000.00
desired profits=$ 20,000.00
volume(V) to meet profit target;
Contribution margin per sale= $100-$20= $80
Profits = revenue-cost
=$20,000= Vx$80-$100,000
=20,000=v80-100000
v80=100,000.00+20,000
v80=120,000
v= 120,000/80
Volume =1,500