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givi [52]
3 years ago
6

Which two of the three financial statements would you find Net Income on?

Business
1 answer:
xxTIMURxx [149]3 years ago
6 0

Answer:

C) Income Statement and Cash Flow Statement

Explanation:

The Income Statement shows a clear separate entry for the Net income which is calculated after all the deductions and additions.

Net Income is the first balance shown on the cash flow statement after which the calculations are carried out to find the flow of cash in and out of the company.

Net income is also shown in the Balance Sheet but not separately but together with retained earnings. It is added to the retained earnings and the amount is shown as a whole amount of retained earnings  or shown as a change in equity.

So best answer is C because the question asked is where would you find Net Income on?

Meaning separately. So it is separately present on Income Statement and Cash Flow Statement.

Otherwise it is present  on all three statements ( on balance sheet as part of retained earnings or equity).

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A new company manufactures tennis rackets. The fixed expenses are $78,490 and the variable expenses are $14 per racket produced.
fomenos

The solution for the problem follows:

 

Expense = variable expenses * quantity of produced + fixed expenses

= 14q + 78,490

= 14 (3500) + 78, 490

= 49000 + 78,490

= $127, 490 is the total expense for 3,500 tennis rackets

 

Get the per piece expense by dividing 127,490 to 3500

Expense per piece = 127,490 / 3500

= $36.43

 

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3 0
3 years ago
Company A makes canned tomatoes. The plant operates around the clock and has a long conveyor belt to take the
Dima020 [189]

<u>Answer:</u>

bulk

<u>Explanation:</u>

The Tomatoes are produced in a bulk and the canned products are sent out in batches but the process of moving tomatoes from receiving through packaging and processing is done on a conveyor belt which is a continuous process.

Therefore, the production of tomatoes in a bulk is a continuous process which goes on around the clock on a conveyor belt and the final products are sent out in batches which have their own unique identity number.

4 0
3 years ago
Steve Jobs has achieved a great deal of success. What are some possible negative consequences of the level of power that he hold
Alex73 [517]
People can claim his work or inventions as their own.
6 0
3 years ago
Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing cust
Sunny_sXe [5.5K]

Answer:

Total cost= $40.3

Explanation:

Giving the following information:

The activity rates associated with each activity pool are:

$8.30 per guest check-in

$20.00 per room cleaning

$4.00 per served meal (not including food).

Tara Washington visited the hotel for a 3-night stay. Washington had 6 meals in the hotel during her visit.

Total cost= 8.30*1 + 20*1 + 4*3= $40.3

8 0
3 years ago
Seasonal unemployment is : A. due to the fact that workers must search for appropriate job offers. B. a result of a poor match o
JulijaS [17]

Answer:

C. a result of the seasonal pattern of work in specific industries

Explanation:

Seasonal Unemployment results out of seasonal demand of labor in those industries where the nature of job is dependent upon weather or business seasons.

For example in case of crops, during the harvest season, there is high demand for labor while during the rest of the year there is no demand at all. So laborers of such industries are employed for a fixed duration in an year and remain unemployed for the rest of the period.

This unemployment is not due to inadequacy of labor skills but results owing to nature of the industry and seasonal pattern of the work required.

8 0
3 years ago
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