All categories

2 years ago

The revenues and expenses of Sunset Travel Service for the year ended April 30, 2014,

Business

1 answer:

padilas [110]2 years ago

5 0

Answer:

Net profit= $491,000

Explanation:

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).

It follows the general structures:

Revenues (+)

Operating Revenue

Non-Operating Revenue

Total

Expenses (-)

Primary Activity Expenses

Secondary Activity Expenses

Total

Gains (+)

Losses (-)

Net income/loss

In this exercise:

Total revenues=$1,673,000

Expenses:

Office expense 488,000

Miscellaneous expense 34,000

IWages expense 660,000

Total Expenses=$1,182,000

Net profit= $491,000

You might be interested in

One employee is in charge of the following activities at a refreshment stand: Activity Activity Time per Customer Greet customer

REY [17]

Answer:

A. Flow rate = 20 customers per hour

B. Utilization =0.83

C. Cycle time= 3 minutes per customer

Explanation:

A. Calculation for the flow rate

First step is to calculate the Processing time

Processing time = 5 + 25 + (1.5 ×60) + 30

Processing time=30+90+30

Processing time= 150 seconds

Second step is to calculate the Process capacity

Process capacity = 1/150 ×60 per seconds/minute ×60 per minutes/hour

Process capacity= 24 customers per hour

Now let calculate the Flow rate

Using this formula

Flow rate= Min(Demand, Process capacity)

Let plug in the formula

Flow rate= Min(20, 24)

Flow rate = 20 customers per hour

Therefore the flow rate will be 20 customers per hour

B. Calculation for the utilization

Using this formula

Utilization = Flow rate/Process capacity

Let plug in the formula

Utilization = 20/24

Utilization =0.83

Therefore Utilization will be 0.83

C. Calculation for the Cycle time

Using this formula

Cycle time = 1/Flow rate ×60 per minutes/hour

Let plug in the formula

Cycle time= 1/20 ×60 per minutes/hour

Cycle time= 3 minutes per customer

Therefore the Cycle time will be 3 minutes per customer

3 0

3 years ago

When coffee Is traded between countries it is called a________.

Novay_Z [31]

Answer:

trade .arrket

Explanation:

did it already

8 0

2 years ago

At the beginning of the recent period, there were 900 units of product in a department, 35% completed. These units were finished

Ivan

Answer:

The answer is C

Explanation:

we are given that a company starts with 900 units which are 35% complete that means during the production period they are completed, then we are further told that 5000 units are started and completed therefore we add the 900 units we started with with the 5000 units that are started and completed during the period then we are told that at the end of the process 800 units are still in process and 25% completed there fore we add the 25% of 800 units to the 5900 units that are completed therefore we calculate the equivalent units produced by the department as follows:

900 units + 5000 units + 800 units x 25% = 6100 units that are completed on a weighted average method.

7 0

3 years ago

Help i need help know plzzzzzzz

Alisiya [41]

Answer:

8+12=+(12—8)=4 l3+(—6):+(l3—6):7 Copyriglat 2013 Cengage Learning. ... 5 43 8 6, 6, , 0, , 1, 2, 2, , 6 π − − − (a) Natural numbers: { } 1, 2, 6 (b) Integers: { } 6 ... 2, 6 − (c) Rational numbers: { 5 4 6, , 0, − } 3 8 , 1, 2, 6 − (d) Irrational numbers: ... x = Inequality: 200 700 x ≤ ≤ The number line shows 2.5 2 − <

Explanation:

7 0

2 years ago

What is the difference between a layoff and being fired?

KIM [24]

Being laid off is when the company is goes through financial struggles so they have to chose people to cut off, being fired is when you did something wrong so they fire you.

4 0

3 years ago

Read 2 more answers