Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The calculation is shown below:
= Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense - income tax expense
where,
Income tax expense = (Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense) × income tax rate
= ($2,409,400 + $38,100 - $1,463,800 - $222,000 - $286,700 - $48,900) × 30%
= $426,100 × 30%
= $127,830
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
total product costs = $101750
Explanation:
given data
overhead costs = $ 100
Direct materials of $41,000
direct manufacturing labor = 450
per hour = $35
markup rate = 30 %
solution
we get here total product costs that is express as
total product costs = Direct materials + DML + MOH ..........1
total product costs = $41,000 + ( 450 × $35 ) + ( 450 × $100 )
total product costs = $41,000 + $15750 + $45000
total product costs = $101750
Answer:
Total stockholders' equity is $ 100,140
Explanation:
The stockholders' equity section of the balance sheet comprises of the common stock total par value ,the paid-in capital in excess of par value,plus the retained earnings minus the value of treasury stock
Stockholders' equity section of Bridgeport Corp. balance sheet
Common stock,$10 par value,4,800 shares issued $48,000
paid-in capital in excess of par $18,300
total paid share capital $ 66,300
retained earnings $ 43,300
total paid share capital and retained earnings $ 109,600
treasury stock ( $9,460)
Total stockholders' equity $ 100,140
Answer:
b. perfectly inelastic.
Explanation:
A vertical demand curve means that quantity demanded would remain the same no matter the change in price. It means demand is perfectly inelastic.
Perfectly Inelastic demand means that quantity demanded doesn't respond to changes in price.
Demand is unit elastic if a small change in price has a greater effect on the quantity demanded.
Demand is perfectly elastic if quantity demanded falls to zero if there's a changes in price.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
I hope my answer helps you
Answer:
Accommodation
Engagement Refinement
Explanation:
In the entrepreneurial ecosystem, networks still remain a popular and important aspect which is often thought and seen as a stepping stone to achieving entrepreneurial greatness. This network simply entails the creation of a circle or set of skilled individuals usually in different strategic areas of specialization relevant to a certain business line or sector. This way embarking on projects tends to be much easier as these networks of people can offer help, tips or together engage in to proffer solution on time. Networks are created usually through meetups and good interpersonal relationships. Having professionals around can speed up processes and. However, networks has to be properly managed usy be being accommodating and warm when approcached; frequent engagement topics and trending issues, including the desire to learn more and measure up to new trends.
