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Zina [86]
3 years ago
12

Sheffield Corp. started the year with total assets of $220000 and total liabilities of $130000. During the year the business rec

orded $328000 in revenues, $164000 in expenses, and dividends of $69000. The net income reported by Sheffield Corp. for the year was
Business
2 answers:
Thepotemich [5.8K]3 years ago
6 0

Answer:

Net Income for the year is $95,000.

Explanation:

The income which is calculated by deducting all the related expense from the revenue even after interest and taxes. Net Income is the amount which is available to distribute amount the stockholders, either preferred or common.

As we know

Net Income = Revenue - Expenses

Revenue = $164,000

Expenses = $69,000

Net Income = $164,000 - $69,000

Net Income = $95,000

DiKsa [7]3 years ago
3 0

Answer:

$164,000

Explanation:

Given that

Revenue = 328000

Expenses = 164000

Recall that

Net income = Total revenue - total expenses

Therefore,

Net income = 328000 - 164000

= $ 164000

Note that, net income is the total revenue less total expenses, that is the measure of profitability which indicates the amount available to be distributed amongst stockholders.

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Sveta_85 [38]

Answer:

a. The socially efficient levels of abatement for UNC power plant is 10.

Explanation:

Note: See the attached Microsoft word file for the calculations of the anwers above.

7 0
3 years ago
Clarissa strives to keep the department running smoothly, delivering services to customers on time and under budget. A _________
Tatiana [17]

Answer:

The correct word for the blank space is: transactional leader.

Explanation:

Transactional leadership is the type of managerial leadership in which the leader motivates the performance of the subordinates through a system of rewards and punishments. It means the leader rewards those employees who perform their duties efficiently and punishes those who do not meet the expectations, provoking in such a way that the employees work the best way possible.

Therefore, <em>if Clarissa provides her subordinates rewards if they do their jobs well, she is likely to be a transactional leader.</em>

4 0
3 years ago
A marketing plan includes this marketing objective: "Create positive feelings about our brand." What is the main problem with th
Nesterboy [21]

c. It is not specific and measureable.

i hoped this helped


7 0
3 years ago
Read 2 more answers
For higher levels of management, responsibility accounting reports a.contain about the same level of detail as reports for lower
ss7ja [257]

Answer:

d. are more summarized than for lower levels of management

Explanation:

This report is generally explained to be a rundown of a company's budget and also expenditure and it is comprised also of different operations by higher levels of the company's management. In as much as it gives reports and details of the lower part of the company, it is generally explained to be more summarized for higher management levels than for lower levels of management. In its bid to assist and control the company's head or responsibility units, it gives headway to staff care/welfare and also steady overview of benefits to staffs.

5 0
3 years ago
Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in
Aleks04 [339]

Answer:

A-she can deduct her mileage for driving from her home to her office at the professional suite

B-she can deduct her home office expenses

Explanation:

As a general rule of thumb, every expenses that incurred for business operation can be deducted from your taxes.  This rule can still applicable even if you're working from your home.

A car mileage <u>can only be deducted according to the proportion that is used for work</u><u> </u> since it's considered as an expense that must incurred in order for Gwen to do her business.

Lunch money is considered as private consumption that does not related to her business operation.  This is why it's not tax deducible.

7 0
3 years ago
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