Answer:
income - expenses
Explanation:
net income is an entity's income minus all the expenses, taxes etc and net worth is the total wealth own by individual minus expenses.
Answer:
The correct answer is $2,610.
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the the direct labor cost by using following formula:-
Direct labor hour required= Estimated production × Direct labor hour
= 870 × 1÷4 =217.5 hours
Direct labor cost = Direct required labor hour × Rate of labor per hour
= 217.5 hours × $12
= $2,610
According to the analysis, $2,610 is the total amount to be budgeted for direct labor.
Answer:
16
9.8
12.90
5.8
Explanation:
The price to earning ratio is a financial metric used to value a company. it compares the price of a stock to the earnings of the stock. the lower the metric is, the higher the valuation of the firm
price to earning ratio = market value per share / earnings
1 = 176/11 = 16
2. 78.40 / 8 = 9.8
3. 77.40 / 6 = 12.90
4. 203/35 = 5.8
Answer:
$38,950
Explanation:
Given that,
Cash balance on its books = $35,000
Outstanding checks = $11,000
Deposits in transit = $7,000
Bank service charges = $50
Tanner's April 30 cash balance per the bank statement:
= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge
= $35,000 + $11,000 - $7,000 - $50
= $38,950
Therefore, cash balance as per bank statement is $38,950.