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igomit [66]
2 years ago
12

Barney decides to quit his job as a corporate accountant (which pays $10,000 a month) and go into business for himself as a cert

ified public accountant.
He decides not to rent office space downtown, but instead sets up shop in his converted garage apartment, which he could rent out for $300 a month if he wasn't using it as his own office.

He must purchase office supplies worth $75 a month, and his monthly electricity bill has increased by $50 now that he is working out of his home office.
Business
1 answer:
Orlov [11]2 years ago
5 0

Answer:

Accounting Profit = $11,875

Economic Profit = $1,575

Explanation:

income from job = $10,000 /month

Rent which could have been earned = $300 /month

Office supplies = $75 /month

Increase in electricity bills = $50 /month

Income from home = $12,000 /month

(a) Accounting profit = Income - Costs

                                  = $12,000 - ($75 + $50)

                                  = $11,875

(b) Economic profit = Accounting profit - Opportunity cost

                                = $11,875 - ($10,000 + $300)

                                = $1,575

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SCORPION-xisa [38]

Answer:

B) Total assets increased by $200.

Explanation:

If during Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone:

Then it is correct that there was a net income of $350 before the payment of dividend which is gotten by 1,950 - 1,600. Cash from operating activities will also be the same amount of $350.

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3 years ago
g Oregon Corp. prepares its financial statements annually and has a calendar year end. The adjusted trial balance ( NO MORE ADJU
Semmy [17]

Answer:

$1,700,000

Explanation:

The computation of the NET accounts receivable (the cash realizable value) at December 31, 2019 is shown below:

= Account receivable - allowance for doubtful debts

= $2,000,000 - $300,000

= $1,700,000

By deducting the allowance for doubtful debts from the account receivable we can get the net account receivable or the cash realizable value

Therefore we ignored the bad debt expense

5 0
2 years ago
You need to announce two promotions. Which of these options would most likely be both efficient and effective
torisob [31]

The correct option are B and D.

B. Send an email to everyone in the unit

D. Announce the promotions at a meeting

These options would most likely be both efficient and effective for promotions in the firm for employee.

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I understand that the question you are looking for is:

Communication skills refer to a manager’s ability to effectively convey ideas and information to others and to effectively receive ideas and information from others. This exercise focuses on communication skills as they involve deciding how to best convey information to others.

Exercise Background

Assume that you are a middle manager for a large electronics firm. People in your organization generally use one of three methods to communicate with one another. One common method is verbal communication, either face-to-face or by telephone. Surprisingly, people also still use a lot of written communication in the form of memos, reports, letters, and other documentation. And, of course, there is also a lot of digital communication such as email and direct messaging.

During a typical day you receive and send a variety of messages and other communication, sometimes using only a single method of communication but often using some combination of methods. The questions that follow ask you to select one or more methods that would be most effective for communicating specific kinds of information.

Use your communication skills to answer the following questions.

2) You need to announce two promotions. Which of these options would most likely be both efficient and effective? Check all that apply.

A. Announce the promotions using social media

B. Send an email to everyone in the unit

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8 0
1 year ago
Jeff got a part-time job delivering groceries for $15/hour and grossed $8,200
solniwko [45]

Answer:

Income = $8,200

Less:

Federal tax 10% = -$820

State tax at 5.5% = -$451

FICA at 7.65% = -$627.30

Total deduction = -$1,898.30

Net pay = $6,301.70

4 0
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solniwko [45]

The task that Kenneth may perform as a part of his job is: B . research stock price histories.

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8 0
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