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Vanyuwa [196]
3 years ago
14

A computer company had $3,000,000 in research and development costs. Before recording these costs, the net income of the company

was $3,400,000. What is the net income or loss after these costs have been properly accounted for
Business
1 answer:
JulijaS [17]3 years ago
7 0

Answer:

Net income of the company accounted for $400,000

Explanation:

Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.

The net income or loss of the company accounted for is computed as:

Net Income or Loss = Net Income - Research and Development cost

where

Net Income amounts to $3,400,000

Research and Development cost amounts to $3,000,000

So, putting the values above:

Net Income or loss = $3,400,000 - $3,000,000

Net Income  = $400,000

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Gar Co. factored its receivables without recourse with Ross Bank. Gar received cash as a result of this transaction, which is be
Thepotemich [5.8K]

Answer:

Answer for the following statement is "C"

Explanation:

  • Sale of Gar's receivable accounts to Ross, with the possibility of noncollectable accounts being passed to Ross.
  • Non-recourse factoring helps a corporation to offer its invoices to a component without any duty to accept unpaid invoices.
  • If consumers refuse to pay their bills or pay their invoices late, all damages are borne by the element, making the company unregulated.

7 0
3 years ago
Lisa Smith has her age listed on her driver's license as being three years younger than it actually is. This is also how old she
Pani-rosa [81]

Answer:

Misstatement of age

Explanation:

Based on the information provided within this question it can be said that the term that describes what is happening in this situation would be Misstatement of Age. Like mentioned in the question this is a provision in many life insurance policies which adjusts the individuals premium to the actual price based on their age if there was an error with the individuals age in the policy. Which is exactly what has happened to Lisa Smith.

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6 0
3 years ago
What are some of the tests that need to be conducted before putting up a business?​
krek1111 [17]

Explanation:

The product life cycle can be a tool used by companies to adapt their strategies from the stage of product development to its decline in the market and thus increase the chances of being well positioned and competitive in the market.

In the initial phase of development, this is where the project and ideas are aligned and research is carried out on business feasibility, planning, dissemination, potential audience, budget, etc.

7 0
3 years ago
If dividends omitted on preferred shares must be paid before common stockholders are entitled to any dividends, then the preferr
juin [17]

If dividends omitted on preferred shares must be paid before common stockholders are entitled to any dividends, then the preferred stock must be cumulative.

A dividend is when a company distributes profits to its shareholders. When a company makes a profit or surplus, it may pay a portion of the profit to its shareholders as dividends. Amounts not distributed are reinvested in the company (called retained earnings).

Not only this year's profit but also the accumulated profit of the previous year can be distributed. Companies are generally prohibited from paying dividends out of their share capital. Distributions to shareholders can be paid in cash (usually by depositing into a bank account).

Alternatively, if the company has a dividend reinvestment scheme, the amount can be paid by issuing additional shares or buying back shares. In some cases, asset distributions may occur.

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1 year ago
For economic purposes in the united states, the working-age population does not include:_______
Minchanka [31]

For monetary purposes inside the USA, the running-age population does no longer include the civilian, noninstitutional population aged sixteen and over.

Working age' is normally described as 15 to 64 years. This definition is for example used for the 'vintage-age dependency ratio', with people aged 65 and over being labelled 'established'.

The labour pressure participation fees are calculated because the labour force is divided by the full working-age populace. The working age populace refers to people aged 15 to sixty-four. This indicator is damaged down by using age organization and its miles measured as a per cent of every age institution.

A number of the opposite discounts are in all likelihood because of out-migration during the pandemic. however, in regards to the shrinkage within the pool from which we could pull a staff, the primary purpose is demographics. greater human beings are passing into retirement age than are getting into running age.

The working-age populace is the entire populace in an area this is considered capable and possibly to paintings based on the number of people in a predetermined age variety. The working-age population degree is used to provide an estimate of the overall number of capable employees within an economic system.

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6 0
2 years ago
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