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3 years ago

Which of the statements below indicates that a company earned a net income for the period?

Business

1 answer:

vfiekz [6]3 years ago

6 0

Answer:

The correct answer is letter "B": The sum of the credits exceeds the sum of the debits in the Income Statement columns on the work sheet.

Explanation:

Net Income, bottom line, or total earnings or profits is a measure of how profitable the company is over a period of time. To find net income, we should take a look at the company's total revenue to subtract any expenses associated with the company's doing business. After deducting taxes from that amount we will have the company's net income.

In the case in the income statement credits exceed debits, the net income of a company is likely to be positive.

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Amazon Company uses predetermined departmental overhead rates based on direct labor cost to apply manufacturing overhead to jobs

Rom4ik [11]

Answer:

a. $270,000

Explanation:

Department A:

Manufacturing overhead=200% of direct labor

80000 = 200% of direct labor

So, direct labor = 80000/200%=$40,000

Department B:

Manufacturing overhead=50% of direct labor

So, Manufacturing overhead = 50%*60000=$30,000

Total manufacturing cost = Material cost + Labor cost + Manufacturing overhead

- Material cost = 50000+10000=$60,000

- Direct labor cost = 40000+60000=$100,000

- Manufacturing overhead = 80000+30000=$110,000

Total manufacturing cost = $60,000 + $100,000 + $110,000

Total manufacturing cost = $270,000

4 0

3 years ago

In what time period did hydroelectric power usage reach its peak? 1970–1980 1980–1990 1990–2000 2000–2010

liberstina [14]

The answer is: 1990 - 2000

By this time period, more people realize that energy generated from hydroelectric power is much more sustainable compared to other alternatives since it mostly relied on renewable resources. Between this period of time, nations on average use 2000 - 2500 billion kwh from hydroelectric power.

5 0

4 years ago

Read 2 more answers

Lynx Corp. The data presented below for Lynx Corp. are for the year ended December 31, 2017: Sales (100% on credit) $1,000,000 S

Yakvenalex [24]

Answer:

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3 years ago

Read 2 more answers

The short-run market supply curve shows the quantity supplied by all the firms in the market at each price when _____. A. the

boyakko [2]

Answer:

The correct option is B

Explanation:

The short-run supply curve is the curve which shows or represent the marginal cost curve portion and that lies or stated above the average variable cost curve.

And when the prices of market increases, then the firm or organization will supply more of its products as per the law of supply.

So, the short-run supply curve represents the supplied quantity through all the firms in the market at each price but when every firm will plant and the number of firms will remain the same.

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3 years ago

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Which of the following is not one of the key components of effective teams?A) team efficacyB) company reputationC) adequate reso

Annette [7]

Answer:

<u>C) adequate resources</u>

Explanation:

Teamwork is work that is dependent on the member of the organization that forms a team network and is characterized by the smart work performed together in an effective and efficient style.

The several other components include open communication, effective coordination, efficient cooperation and high levels of interdependence. Thus the team is an action-oriented workforce, with forming, norming and storming of the performance.

3 0

3 years ago