Answer and Explanation:
The preparation of the income statement is presented below:
Service Revenue 340,000
Less:
Salaries Expense 240,000
Rent Expense 12,000
Depreciation Expense 24,000
Interest Expense 3,400
Net income $60,600
Hence, we simply deduct the expenses from the service revenue so that we get the net income
Least privilege is an information technology security system that enables greater risk management, as it restricts access to essential and secure information, allowing the user to gain access only to perform their activities. Least privileges are increased employee productivity, reduced risk and increased compliance in the organization.
Answer:
A. $660
Explanation:
Total assets include current assets, fixed assets, and intangible assets Current assets include cash, stock, receivable account, etc. Fixed assets include plant & machinery, land, equipment, furniture & equipment, etc.
And the intangible assets are trademarks, copyrights, goodwill, and so$66 on.
The computation is shown below:
= Total assets - fixed assets
= $1,450 - $790
= $660
The Differentiation strategy is used by the investment firm in standing out in the industry.
<h3>What is Michael Porter
strategy? </h3>
A strategy is defined by Porter as a competitive position that is deliberately chosen as a different set of activities to deliver a unique mix of value.
The Generic Strategies model of Michael Porter includes:
- Cost Leadership
- Differentiation
- Focus.
These strategy are important because they provide an options for organizations to gain competitive advantage.
In conclusion, the Differentiation strategy is used by the investment firm in standing out in the industry.
Read more about Porter strategy
<em>brainly.com/question/24843525</em>
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