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
Vesnalui [34]
3 years ago
7

a company has net sales of $126,000, cost of goods sold of $72,000, operating expenses of $38,000, and other expenses of $3,000.

the company's net income is
Business
1 answer:
earnstyle [38]3 years ago
3 0

Answer:

$13,000

Explanation:

Net income= net sales -net expenditure

in this case:

net sales=$126,000

net expenses =  $113,000 {COGS + operating exp.+other exp.}

Net income= $126,000-$113,000

                    =$13,000

You might be interested in
The future of cities in the United States and in other countries will be determined by their ability to benefit from the _______
coldgirl [10]

Answer:

The correct answer is letter "B": Economies of agglomeration; corresponding diseconomies.

Explanation:

Economies of agglomeration refer to a type of economy in which companies are located one close to another to take advantage of their core competencies. This economic structure typically helps businesses to reduce relocation and delivery costs increasing their profits but in some other cases, the costs could increase if some of the firms lost their economies of scale.

Thus, <em>metropolises in the U.S. must find ways to boost the benefit of economies of agglomeration minimizing the negative effects of the diseconomies of scale in which some firms might fall.</em>

5 0
4 years ago
Woolplank is an apparel company that specializes in woolen clothes. It heavily invested in five sheep farms last year. This year
anyanavicka [17]

Answer:

options-based planning.

Explanation:

Options-based planning is a strategy that guards against failure. The business makes small Investments in several alternative plans. It considers what could go wrong in business operations and plans alternative measures to mitigate total failure.

Woolplanknis an apparel company, and to protect against failure they invested in 5 sheep farms. This year they are planning to nlbuy the most profitable sheep farm. They are using options based planning.

5 0
3 years ago
Temporary Housing Services Incorporated (THSI) is considering a project that involves setting up a temporary housing facility in
Tema [17]

Answer:

$6.25 million

Explanation:

Calculation for free cash flow

Using this formula

Free Cash Flow = (Revenues - Expenses-Depreciation) × (1–Tax rate) + Depreciation

Let plug in the formula

Free Cash Flow= ($20 million - $12 million - $3 million ) × (1–0.35) + $3 million

Free Cash Flow=($5 million*0.65)+$3 million

Free Cash Flow=$3.25million+$3 million

Free Cash Flow=$6.25 million

Therefore free cash flow for the first and only year of operation wiill be $6.25 million

7 0
4 years ago
Two corporations both carry on a number of businesses both directly and through various subsidiaries. Each has a subsidiary, Spe
Mice21 [21]

Answer:

a. According to UPA Section 6, a partnership is

“the association of two or more persons to carry on as co-owners a business for profit…whether or not the persons intend to form a partnership.”

b. "Association" means coming together to act as one.

c. Yes.  They qualify as forming an "association."

d. Yes. The situation involved in the case involves "two or more persons."

e. Yes.  The situation in the case involves a business being carried on for profit.

f. When we say the partners must be co-owners, it means that the "two or more persons" are joint owners.  Each partner owns a part of the entity.

g. The four elements of the definition of a partnership are met.  This implies that the two corporations could form a partnership under the UPA or the Revised UPA (RUPA).

Explanation:

The act clearly identified that a partnership must have two or more persons coming together to carry on the business for profit as co-owners.  The implication is that there are four elements that must be met for an entity to be declared a partnership.  They include: "association," "two or more persons," "carry on a business for profits," and "as co-owners."

8 0
3 years ago
On January 1, 2015, Kinney, Inc., an electing S corporation, holds $5,000 of AEP and $9,000 in AAA. Kinney has two shareholders,
saveliy_v [14]

Answer:

e. None of the above.

Explanation:

Please see attachment

6 0
3 years ago
Other questions:
  • Deadweight loss is measured as the combined loss of consumer surplus and producer surplus. results from producing a unit of outp
    10·1 answer
  • A detailed written statement that describes the nature of the business, the target market, the advantages the business will have
    12·1 answer
  • At the end of 2016, Concord Corporation has accounts receivable of $704,700 and an allowance for doubtful accounts of $26,850. O
    9·1 answer
  • Dionne has been very careful to work with her team to finalize next year’s goals. She has taken the process seriously and now wa
    9·1 answer
  • If a U.S. firm's expenses are more susceptible to exchange rate movements than revenue, the firm will ____ if the dollar ____. a
    12·1 answer
  • For each description of managerial decision making, identify the type of bias at work Last week, some teenagers came into the st
    9·1 answer
  • On January 1, 2016, American Corporation purchased 30% of the outstanding voting shares of Short Supplies common stock for $240,
    10·1 answer
  • JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $2
    6·1 answer
  • An agent is aggrieved by an action of the administrator summarily suspending that person's registration. the agent can:
    11·1 answer
  • brenda has been up for days, and although she was recently fired from her job, took all of her money out of the bank and is dist
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!