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Dafna11 [192]
3 years ago
15

MeasuresPenno Corporation recorded service revenues of $200,000 in 2017, of which $170,000 were on credit and $30,000 were for c

ash. Moreover, of the $170,000 credit sales for 2017, Penno collected $20,000 cash on those receivables before year-end 2017. The company also paid $25,000 cash for 2017 wages. Its employees also earned another $20,000 in wages for 2017, which were not yet paid at year-end 2017. Compute the company’s net income for 2017.
Business
1 answer:
Ksenya-84 [330]3 years ago
4 0

Answer:

$155,000

Explanation:

Given that,

Service revenues in 2017 = $200,000

Credit sales for 2017 = $170,000

Company also paid cash for 2017 wages = $25,000

Wages for 2017 not paid yet in cash = $20,000

Therefore,

Net income for 2017:

= Service revenues in 2017 - Cash paid for wages - Wages not paid yet in cash

= $200,000 - $25,000 - $20,000

= $155,000

Hence, the company’s net income for 2017 is $155,000.

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Joe sold gold coins for $1,000 that he bought a year ago for $1,000. He says, "At least I didn't lose any money on my financial
VMariaS [17]

Answer:

The correct answer is a. opportunity costs

Explanation:

The cost of opportunity is the best alternative that you sacrifice when you choose an option.  

It represent the benefits that you misses out on when choosing one alternative over another.  

In this case the best alternative  you misses out, was buy a bank certificate of deposit,  and at the end of the year would have had $1030.

6 0
3 years ago
In Brazil, the reference base period for the CPI is 2000.By 2016, prices had risen by 187 percent since the base period. The inf
mash [69]

Answer and Explanation:

The computation is shown below:

Reference base year is 2000 and as it's the base year, So the CPI is 100.

Now  

The prices have risen by 187% by 2016 means the CPI is

= 100 +  187% of 100

= 287.

And,  

There is 3.4% inflation in 2017 that means prices have increased by 3.7% in 2017 compared to 2016.

Now  

CPI is 287 + 3.4% of 287

= 296.758

CPI in 2017 = 296.758

In 2018, inflation is 3.7%,

CPI = 296.758 + 3.7%

= 307.74

CPI in 2018 = 307.74

In 2019, CPI is 318, which is approx 3.3% higher than as compared to the year 2018 so

Brazil's cost of living rised in 2019.

CPI of Brazil in 2017 is 296.76

CPI of Brazil in 2018 is 307.74

So,  

Brazil's cost of living increases every year

3 0
3 years ago
Recently, a terminated employee used his mobile device to log in to the company network and steal sensitive data. As the manager
Cloud [144]

Answer:  Recently, a terminated employee used his mobile device to log in to the company network and steal sensitive data .This is the presentation of the summary of what the organization should do to prevent this from happening again.

Explanation:

The <u>objective of information security i</u>s to maintain a reasonably secure environment as well as the proper use of resources and risk management, in order to preserve the availability, integrity and confidentiality of information and the assurance of business continuity. Also :

  • To manage information security risks to keep them at acceptable levels.
  • Protect information assets.
  • Train public servants, suppliers and stakeholders about the importance of data protection.
  • Monitor compliance with information security requirements.
  • Implement corrective and improvement actions.

Since the current trend is that <em>employees take their personal devices to the office,</em> in addition to giving them personal use, the most common is that they use it for the <em>review of corporate email and as support for the tasks of their daily work.</em> Therefore, proper management of the devices that are connected must be defined, in order to use the applications and information according to the provisions of the policies established by the company.

The most common threats are :

  1. Unofficial applications. (Can ask you for permitions and steal your private information)
  2. Public WIFI.(Can enter in to your network and steal your private information)
  3. Phising.(The most common is an email that force you to open a message which links to a malicious website to steal your personal information)

Always is important to protect the device with one or several of this advices:

  • Secure access networks.
  • Access to information must be restricted in a way that guarantees that only those people who are really qualified to do so can access the information.
  • Write a security policy. Define which devices can access corporate information.
  • Protect WiFi connections.
  • Protect against malware.

In this scenario the <em>company should </em>make an update of all information and networks ,the installation and configuration of firewalls and encryption of corporate confidential information.  

The best way is to train and make the employees of the company aware of the risk of sharing information and the legal punishment that they can have if they do it.

Every company must have a standardized risk plan to solve these types of situations before more information is leaked(can apply some of those mentioned above).

3 0
4 years ago
Select the sentence where the idea is clearer.
dmitriy555 [2]

Answer:

B. We have every desire and hope of a substantial salary increase.

Explanation:

Prepositions are used along with a noun or a pronoun to indicate a relationship with another word or element in the clause. It makes an idea clearer.

Examples of prepositions are at, for, if, on, in, over, and under.

These are used to describe location time or place. However we should avoid unnecessary use of prepositions.

In this instance the use of for in the following sentence is unnecessary, as 'every desire' is adequate : 'We have every desire for and hope of a substantial salary increase. '

We have every desire and hope of a substantial salary increase. Is a more concise and better option

5 0
3 years ago
what situation is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand?
Mekhanik [1.2K]

Demand is price elastic, is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand.

<h3>What is price elastic?</h3>

Price elastic of demand means the measurement of the product's demand with respect to its price.

It is common that if the price of a product will increase, the demand will fall, but some products demand fall more than other products, which is measure by price elastic in demand.

Thus, the correct option is demand is price elastic.

Learn more about demand is price elastic.

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3 0
2 years ago
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