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sveta [45]
4 years ago
11

Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's recor

ds show the following accounts and amounts for the month of August. Use this information to prepare an August income statement for the business.
Cash $25,360 Dividends $6,000
Accounts receivable 22,360 Consulting fees earned 27,000
Office supplies 5,250 Rent expense 9,550
Land 44,000 Salaries expense 5,600
Office equipment 20,000 Telephone expense 860
Accounts payable 10,500 Miscellaneous expenses 520
Common stock 102,000
Business
1 answer:
scZoUnD [109]4 years ago
4 0

Answer:

Carmen Camry

<u>Income Statement for August 31 </u>

                                                    $

Consulting fees earned        27,000

Less Expenses :

Rent expense                         (9,550)

Salaries expense                   (5,600)

Telephone expense                 (860)

Miscellaneous expenses         (520)

Net Income / (Loss)                10,470

Explanation:

Income Statement shows the Incomes and expenses for the business for the specific period of operation.

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Answer:a bony projection with a shape likened to a hammer head, especially each of those on either side of the ankle.

Explanation:a bony projection with a shape likened to a hammer head, especially each of those on either side of the ankle.

7 0
3 years ago
As the Board of Governors of the American Red Cross considers planning, one option is to make strategic plans and then direct ma
n200080 [17]

Answer:

a. the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership.

Explanation:

If the organization is a dynamic system, it means that conditions change fast and often. In this case, a plan developed by top-management may not be adequate enough a month, or even a week later after being devised.

Therefore, it's best to allow frontline managers, who have knowledge about daily operations and conditions, to develop their own plans (with the assistance of the planning specialists), and to modifiy those same plans if needed.

3 0
4 years ago
Part 1 Ken is the produce manager at saying way a large Supermarket that is part of a national chain. After completing a few man
Dvinal [7]

The people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers.

<h3>Who is a manager?</h3>

It should be noted that a manager simply means an individual who oversees the team in a company and ensures that the goals of the company are achieved.

In this case, Ken is the produce manager at saying way a large Supermarket that is part of a national chain and after completing a few management courses offered by his employer, as well as five years of service at the supermarket, he is up for a promotion to assistant manager and is about to negotiate his new salary.

In this case, the people who may be significantly affected by the outcome of this negotiation by the manager include the employer and the customers. This was illustrated in the information.

Learn more about manager on:

brainly.com/question/24553900

#SPJ1

4 0
2 years ago
Which TWO of the following best describe the use and characteristics of discounted cash flow methodology?
konstantin123 [22]

Answer:

The correct answer is option 1 and 4.

Explanation:

Discounted Cash Flow Methodology attempts to assign present values to an investment's expected future cash flows. It is an effective way to evaluate and compare various investment options to one another. As fixed-income securities have fixed interest payments, DCF is an effective way to compare fixed-income securities. It is also used to calculate the current market values of these securities.

The project with positive NPV is accepted or higher NPV means the project is more lucrative.

8 0
4 years ago
Opportunity costs exist because: a. the decision to engage in one activity means forgoing some other activity. b. wants are scar
Mekhanik [1.2K]

Answer:

a. the decision to engage in one activity means forgoing some other activity.

Explanation:

Opportunity cost is the cost incurred when an economic agent forgoes some other activities to engage in one activity.

Economic agents have to make choices because wants are unlimited and resources are limited.

Opportunity cost is also known as economic cost.

An example of opportunity cost : Assume a doctor leaves his job where he earns $500,000 per annum to start his own business where his accounting profit is $700,000. His Opportunity cost is $500,000.

I hope my answer helps you.

6 0
3 years ago
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