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Akimi4 [234]
3 years ago
13

Catherine sat down with all of her income details from the past year to calculate the total income she had in that period. After

she created a consolidated income statement, she deducted some tax-exempt income details from the statement. What term would Catherine use for this final income calculation?
The final income that Catherine has calculated is called the
.
Business
1 answer:
HACTEHA [7]3 years ago
6 0

Answer:

<em><u>The answer is</u></em>: <u>Net income.</u>

<u />

Explanation:

Net income is a measure of the profitability of a company, or person. It is the income of an amount less the cost of goods sold, expenses, depreciation and amortization, interest and taxes for an accounting period.

<u>For households and individuals</u>, net income refers to gross income, less taxes and other deductions, for example, mandatory pension contributions. It is usually the basis for calculating how much income tax is owed.

<em><u>The answer is</u></em>: <u>Net income.</u>

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At the closing on June 15, the buyer is assuming a mortgage presently on the property, on which the monthly interest charge is c
Viefleur [7K]

Answer:

The correct answer is :

  • Debit seller $300;
  • Credit buyer $300.

Explanation:

The interest of a mortgage is estimated by dividing the interest rate by the days of the year and after that, the outcome has to be multiplied by the outstanding one. This interest can be the same amount every day of the same month. Normally, the amount due the lender is calculated a month at a time.

4 0
3 years ago
The purchasing power of people with _____ decreases a lot when inflation occurs.
11Alexandr11 [23.1K]
With fixed incomes, because they will find that the money that they have, when inflation occurs, won't be as worth as much before. The people with rising incomes will rise along with the inflation rates, so they will not feel the effect.
8 0
3 years ago
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The 1997 a value of an object was $5000. In 2012 , it was worth $9500. The annual percent growth has been constant. What is the
Mamont248 [21]
Given:
1997 - 5,000
2012 - 9,500

9,500 - 5,000 = 4,500
2012 - 1997 = 15 years

(9,500/5,000)^1/15  - 1
1.9^1/15 - 1
1.043718 - 1 = 0.043718
0.043718 * 100% = 4.3718%  

The answer is D.) 4.37%
4 0
3 years ago
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A consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovat
Sholpan [36]

Answer:

FALSE.

Explanation:

When a consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovations for Western buyers. This is not an example of glocalization because glocalization is the term which is the combination of two terms; localization and globalization. In glocalization, global products are offered to the customers with the local modifications. For example, Pizza Hut has launched Tikka Pizza, Behari Pizza and Achari Pizza in India and Pakistan, which is the perfect example of glocalization. Putting it simply we can say that "thinking globally and acting locally."

3 0
3 years ago
In 2000, Michael purchased land for $100,000. Over the years, economic conditions deteriorated, and the value of the land declin
PIT_PIT [208]

Answer:

D) $41,000 loss.

Explanation:

3 0
2 years ago
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