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LiRa [457]
4 years ago
6

Springer Corporation had the following transactions in​ August: Earned $3,000 of revenues on​ account; collected $4,000 from a c

ustomer for services provided last​ month; incurred $400 of repair expense and paid​ cash; paid $300 for rent that it owed from the previous month. What is the net income in​ August?
Business
1 answer:
LuckyWell [14K]4 years ago
5 0

Answer:

6300

Explanation:

Net income is the amount of income remaining after payments have been made. So sum up all receipt and subtract all payments to get net income

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D is correct answer. 

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3 years ago
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The term ______ describes circumstances where a country's exports exceed it imports.
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Trade surplus or positive trade balance.

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8 0
3 years ago
If marcus won a bet by predicting the point spread for the super bowl and claimed it was due to his understanding of probability
Lera25 [3.4K]

The answer is <u>"self-serving bias".</u>


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5 0
4 years ago
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
jekas [21]

Answer:

$142,524

Explanation:

The computation of the total cost assigned to the ending work in process

inventory is shown below:

As we know that

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So, the total cost is $142,524

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7 0
3 years ago
Inventories are part of investment and therefore included in gdp because
Natasha_Volkova [10]

Answer:

Explanation:

Inventories are part of investment and therefore included in GDP because firms produce goods and these goods may be unsold at the time GDP is computed

The value added method of calculating GDP recognizes inventory. Value added from raw materials to work in process and to finished goods are part of what goes into the computation of GDP

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3 years ago
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