Answer:
The answer is $ 200,000
Explanation:
The net income reported by Goodman Auto for the year was,$475,000 - $275,000 = $ 200,000.
The net income is difference between revenue earned by the company and expenses incurred in order to earn this revenue. In the problem goodman auto revenue is equal to 475,000 and expense are 275,000. So the difference between 475,000 and 275,000 will be reported as net income.
Answer: D
Explanation:
Use the Mutlilevel List Icon
Answer:
1. top-down
2. apportion
Explanation:
Based on the manufacturing industry standards, Project managers typically use TOP-DOWN also called analogous estimating or the APPORTION method when there is a past history of similar projects and rough-cut estimates are needed for strategic purposes two to five years out because, as estimating methods go, it is faster and less expensive.
If you had invested $100 in 1972 in the 500 stocks of the s&p500 index $1,612
<h3>What is
stocks ?</h3>
A stock is a type of investment that represents ownership in a portion of the issuing company and is commonly referred to as equity. Owners of shares, often referred to as units of stock, are entitled to a portion of the company's assets and earnings in proportion to the number of shares they own.
The majority of private investors base their portfolios on equities, which are often bought and sold on stock exchanges. Stock trades must adhere to government regulations intended to protect investors from deceptive practices.
A sort of instrument known as a stock, which is commonly exchanged on stock exchanges, represents the holder's ownership interest in the issuing company.
Corporations issue stock as a means of raising capital to fund their operations.
Common are the two main stock classifications.
The two primary stock categories are common and preferred.
To learn more about stocks from the given link:
brainly.com/question/25818989
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Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.
