1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina-Kira [14]
3 years ago
15

Assume that Jing Company earned $29,400 cash revenue and incurred $18,500 in cash expenses in Year 3. The company uses the strai

ght-line method. The office equipment was sold on December 31, Year 3 for $10,400. What is the company’s net income (loss) for Year 3?
Business
1 answer:
ElenaW [278]3 years ago
8 0

Answer:

Explanation:

In every single company, the main aim of installing an office equipment is to make profit. After the office equipment made a revenue of $29400, Jing Company incurred expenses of $18500. The value of the equipment was $29400- $18500= $10900. It was sold for $10400 meaning that the net income of the equipment was $10400-$10900= -$500. Therefore, it will incur a net loss of $500.

You might be interested in
How Taxation and Legislation impact positively and negatively on a company.
Leto [7]
Taxation decreases the income earned by a firm by 28% it means this affects the business negatively and when taxation is paid it positively improve the economic growth
5 0
3 years ago
Name one way that a debit card and a credit card are different.
kirza4 [7]

Answer:

Explanation:

Debit cards typically pull funds from a checking account, while credit cards charge purchases using a line of credit. With a debit card, you're spending money from your own funds. Use a credit card and you're borrowing the money and eventually will have to pay it back to the card issuer, perhaps including interest.

6 0
3 years ago
Read 2 more answers
In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do
nekit [7.7K]

Answer:

4. Amend the articles of incorporation.

Explanation:

The articles of incorporation is the document of incorporation  prepared by the promoters a corporation which provide general information about the corporation submitted to their home state to get the entity incorporated.

The  Board of Directors of a corporation has no power to amend the articles of incorporation but must followed some procedure before it can be amended. However, it needs the vote of majority of the directors before the proposal can be submitted to Secretary of State

5 0
3 years ago
Complete the sentences to describe two different ways to rearrange slides in PowerPoint.
zimovet [89]

Answer:

In normal view, go to the slide deck.

Then, click and drag a slide thumbnail to a new position.

Or, in Slide Sorter View, drag and drop slides to a new location in the presentation.

7 0
3 years ago
About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called _________
erastova [34]

Answer:

State.

Explanation:

About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called state banks.

A state bank can be defined as any bank that receives or got its charter from a state government but not the federal government of the United States of America. In the United States of America, a state bank reserves the right to either be a member of the Federal Reserve System ("The Fed") or not and as such, can only do business within the state and be regulated by the state where it is operating.

<em>Some examples of state banks in the United States of America are California Bank of Commerce, CalPrivate Bank, United Pacific Bank, Citizens Business Bank etc. </em>

8 0
3 years ago
Other questions:
  • The cartesian coordinate system is also referred to as a(n) _____________ coordinate system.
    6·1 answer
  • Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all the equipmen
    7·1 answer
  • Can you think of other aspects of well-being that are associated with the rise in women’s labor-force participation? Would it be
    6·1 answer
  • Weatherall Enterprises has no debt or preferred stock¾it is an all-equity firm¾and has a beta of 2.0. The chief financial office
    7·1 answer
  • The Coalition of Independent Music Stores, a group of 44 prominent independent record stores in 25 states, operates as a way for
    15·1 answer
  • Which term describes the group of people elected to run a corporation?
    8·1 answer
  • John works as a quality analyst at a technological firm. He wanted to buy a mobile phone for his wife. Though he was abreast of
    14·1 answer
  • Suppose american winemakers convince the federal government to issue a directive to serve only domestically produced wine at gov
    10·1 answer
  • Period costs are a.classified as direct labor, direct material, or factory overhead b.not involved in the production process c.f
    12·1 answer
  • Al owned a family high-deductible health policy as part of his MSA for the entire year. What is his maximum permitted contributi
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!