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anastassius [24]
3 years ago
14

During the year 2018, Swifty Company earned revenues of $90100, had expenses of $56200, purchased assets with a cost of $9000 an

d paid dividends of $6300. Net income for the year is $27600. $33900. $18600. $24900.
Business
1 answer:
vlada-n [284]3 years ago
4 0

Answer:

$33900

Explanation:

Revenues for the year 2018 = $90100

Expenses for the year 2018 = $56200

Use Following formula to calculate Net Income

Net Income = Revenue for the year 2018 - Expenses for the year 2018

Net Income = $901,000 - $562,000

Net Income = $339,000

Net income for the year is $33900. Purchase asset are included in the asset section of balance sheet and dividend payment is deducted from the retained earning balance.

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Priya has held several different positions within the same company. She has been an Assistant to the Marketing Manager, a Sales
Alex17521 [72]

Answer

Marketing manager

Explanation

In her previous role as the assistant marketing manger,Priya was able to come up with marketing strategies and plans for products.As a sales representative, this role exposed her to connecting with customers and getting marketing insights at the field. During her time as a budget analysis she was able to monitor the spending of the organization to ensure that they are within budget.The best role for her promotion is the Marketing manager position.

3 0
4 years ago
Read 2 more answers
Leonard company uses and discloses different depreciation methods for the major classes of property, plant, and equipment. which
Licemer1 [7]
The accounting principle that is being addressed by Leonard would be the full-disclosure principle. This requires a certain company to provide all information that is necessary in making decisions especially in the financial aspect to be able to make sound and informed decisions.<span />
6 0
3 years ago
A bank reconciliation proves the accuracy of the depositor’s and the bank’s records. The bank statement balance is adjusted for
Sedbober [7]

Answer:

book error

Interest earned on checking account

collections of accounts receivable by the bank

Explanation:

The Bank reconciliation refers to the rectifying of the statement that works with the bank statement balance and the passbook balance The purpose is to equate these both statements to allow the company to work efficiently and efficient manner

As There are different transactions i.e bank error, NSF check, deposit in transit , etc that depend upon which type of statement it is due to this, the balance of the bank statement and the balance of the cash statement do not match. We modify the transactions accordingly so that these statements should be matched with each other

In order to adjust the book balance we required three items i.e book error, interest earned on checking account and the account receivables collection done by the bank

3 0
3 years ago
Do you think that customers are impressed with the effort that Gap has made to respond to the need to have more worker friendly
KonstantinChe [14]

Answer:

Yes, I think that customers are very impressed with their customer service

Explanation:

I'm impressed.

8 0
3 years ago
Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $131,750.
aleksklad [387]

Answer:

$3,553

Explanation:

Credit losses = Net credit sales × Historical percentage of credit losses

= $131,750 × 3%

= $3,953

Allowance for doubtful account has a credit balance of $400

The estimated bad debt expense can therefore be calculated as:

Bad debt expense = Credit losses - Allowance for doubtful accounts credit balance

= $3,953 - $400

= $3,553

Hence, the estimated bad debt expense using the percentage of credit sales method is $3,553

5 0
3 years ago
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