1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex787 [66]
3 years ago
9

A computer company has $3,000,000 in research and development costs. Before accounting for these costs, the net income of the co

mpany is $2,400,000. What is the amount of net income or loss after these R & D costs are accounted for? A : $2,400,000 net income B : $0 C : None of the choices are correct D : $600,000 loss
Business
1 answer:
AfilCa [17]3 years ago
6 0

Answer:

D : $600,000 loss

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

So,The net income or net loss would be

= Net income - research and development costs

= $2,400,000 - $3,000,000

= $600,000 loss

You might be interested in
The study of large-scale economic phenomena is calle
Grace [21]
The answer is macroeconomics
7 0
3 years ago
King Mechanic is a very profitable automobile repair shop. The company is well known for its great service and involvement in th
Sophie [7]

Answer:

Social

Explanation:

Social responsibility refers to an individual or organization's obligations towards society to protect and preserve environment and natural resources. Organizations are supposed to earn profits without hampering the environment.

Here, King Mechanic earns profit but fails to fulfill social responsibility of disposing used oil safely as instructed in the environmental regulations.

4 0
3 years ago
In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress: Multiple Choice pass
kumpel [21]

In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress formed the FDIC.

<h3>What is the FDIC?</h3>

The Federal Deposit  Insurance Corporation (FDIC) was formed by th Congress after the stock market crash of 1929.Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers.

To learn more about the federal deposit insurance corporation, please check: brainly.com/question/827771

#SPJ1

6 0
2 years ago
Why is interest typically paid on a loan? A. to compensate the borrower for borrowing from a specific lender B. to ensure that p
Svet_ta [14]

Answer:

The correct answer is option D.

Explanation:

An interest rate is an amount charged by a lender on the use of assets. It is expressed as a percentage of the principal. The interest rate is the return on lending for a lender and the cost of borrowing for the borrower.  

Interest is typically paid on a loan to compensate for the opportunity cost of lending money. A lender could invest the money instead of lending and get a higher return from it.  

To compensate for not using the money for an alternative purpose or for temporarily making do without the money that was lent, the borrower pays a certain percentage of principal to the lender.

4 0
3 years ago
Which of the following influences the consumer when he or she is deciding wether to buy a product?
Georgia [21]

Answer:

D.

Explanation:

The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.

These factors include psychological factor, social factor, cultural factor, situational factor, etc.

Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.

Therefore, option D is correct.

5 0
3 years ago
Read 2 more answers
Other questions:
  • After the World Cup soccer games, Puma, the German sporting goods manufacturer, increased its end-of-year sales target by $641 m
    9·1 answer
  • A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is calle
    13·1 answer
  • Which process best describes how you might prepare to apply for a job?
    5·2 answers
  • By the end of this year
    13·1 answer
  • Procter &amp; Gamble reported the following information for its fiscal year end: On net sales of $57.690 billion, the company ea
    15·1 answer
  • If interest rates are declining, which of the following would be expected? (A) Discount bonds will appreciate more than premium
    11·1 answer
  • Best Deals, Inc. has 10 units in ending merchandise inventory on December 31. The units were purchased in November for $160 each
    6·1 answer
  • Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of
    12·1 answer
  • In an oligopoly situation, a wise marketing manager will probably set the firm's price level:
    12·1 answer
  • What is local technology​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!