Answer:
The new income will be higher by $22,800.
Explanation:
The net income is the actual earnings of the business which is determined from the profit or loss statement by deducting all the expenses from the revenues earned.
The effect of the adjusting entries on the net income will be as follows:
1) Insurance expense will be of $8,000. It is charged for the period of three months only. This will decrease the net income.
2) Interest revenue will be of $1,200. It is charged for 6months. This will increase the net income.
3) The depreciation expense of $16,000. This will decrease the net income.
Therefore for the overall effect on the net income, if there will be no effect of the above adjustments then it will show net income by higher amount then the actual net income, by $22,800.
Answer: Thursday December 18
Explanation:
The ex date for regular way trades will be set at Thursday December 18. The ex date for regular way trades is typically set a day before the record date.
In this case, we are told that the corporation declares a cash dividend on Friday, December 5th, which was payable to the holders of record on Friday, December 19th.
Since the record date is the question is Friday, December 19th, then the ex date for the regular way trades will be set at Thursday December 18 which is a day before the 19th.
Answer:
have greater marginal utility than existing substitute products
Explanation:
Utility is the satisfaction derived from consuming a good or service. Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.
Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.
Answer:
Business analysis
Explanation:
The business analysis refers to the analysis of the business i.e whether the product is profitable or not it contains the attributes that the company want and the consumer wants. It should be done with the help of marketing strategy and research by their taste and preference. Is this product fits with the company mission and objectives or not
So the given situation represents the business analysis stage
Answer:
I don't know this assignment but ask your teacher or get tutor.
