Answer:
Net operating income $15,000
Explanation:
Flagger Company
Income statement for the year ended , 31 December
Fee earned
165,000
Less : Operating expenses
Salaries and wages 40,000
Rent expense. 51,000
(91,000)
Gross profit.
74,000
Less: Selling expense.
(44,000)
Profit before interest and tax.
30,000
Less interest expense.
(18,000)
12,000
Add: Interest income.
3,000
Net operating income.
15,000
Answer:
Detailed solution is given in tabular form in the end for better understanding.
Answer: Dis aggregation.
Explanation: Disaggregation is basically breaking down into smaller parts. It's like disassembly of something which is combined together.
using the payment function, a $12,000 loan for 4 years at a rate of 6%, your payment would be $281.82
Answer:
(C)
Explanation:
Liquidity refers to how quickly or readily an asset is convertible into cash.
Following the order of liquidity, cash in hand is the most liquid item and hence it is presented first in the balance sheet. Similarly, marketable securities are highly liquid. These are followed by accounts receivables, inventory , fixed assets and lastly intangibles such as Goodwill, Patents etc are presented.
