Answer:
The definition including its issue is listed throughout the clarification segment section.
Explanation:
- Christian businessman's justification becomes different from the traditional pioneering explanation. Christian groundbreaking purpose is bound up with devotion to and service to God. That businessman would have to be an investigator of righteousness, represent others, and use enterprise mostly as a tool to honor him.
- Those individuals know that a creative corporation needs major responsibilities. And throughout the most part, sufficient data are not available to completely perpetuate preferences. In this way, the Christian budding entrepreneur has been transformed into something like a committed, courageous man, with even a peril based around the conviction.
The Church businessman is drawn to something like an actual situation of competence throughout management, but he characterizes that perhaps the expense of skill would have been unintentional dissatisfaction as well as shortcomings.
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) salary basis.
Answer:
Multiple-step income statement for the year ending December 31, year 1
Sales $275,200
Cost of Goods Sold <u>($185,000)</u>
Gross Profit $90,200
Operating Expenses:
Administrative Expense ($35,000)
Selling expenses <u>($55,000)</u>
General Expense <u>($45,000)</u>
Operating Income ($44,800)
Non-Operating Revenue <u>$105,000</u>
Operating Income before tax $60,200
Income taxes <u>($25,000)</u>
Operating Income after Tax <u>$35,200</u>
Explanation:
Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.
Answer:
The answer is $11,500
Explanation:
Depreciation here be done separately or in components.
The formula for depreciation is:
(Cost - residual value) / useful life.
First component:
A new machine for $100,000 and useful life is 20 years.
Depreciation = $100,000/20years
= $5,000
Second component:
An electrical motor for $20,000 and useful life is 5 years.
Depreciation = $20,000/5years
= $4,000
Third component:
Inspection $10,000 and useful life is 4 years.
Depreciation = $10,000/4years
= $2,500
Therefore, the depreciation expense for Year 1 is
=$5,000 + $4,000 + $2,500
=$11,500
Answer:
$360,000
Explanation:
As per the data given in the question,
Nana company paid = $10,000
Number of share = 8,000
Ownership in Papa company = 10%
Net Income = $52,000
Value = $45 per share
The amount will be reported in balance sheet of Nana company for the investment in Papa company = Value × Number of shares
= $45 × 8000 share
= $360,000