Answer:
so net income is $45000
Explanation:
given data
Accounts receivable = $5000
Sales revenue = 75000
Cash = 15000
Salaries and wages expense = 20000
Rent expense = 10000
to find out
net income
solution
we will find net income by the given expression as
net income = Sales revenue - Rent expense - Salaries and wages expense .......................1
put here all these value in equation 1 we get net income
net income = 75000 - 10000 - 20000
net income = 45000
so net income is $45000
True that is the answer I think
Answer:
Raw material purchases (in pounds) 20,275
Explanation:
The computation of the purchase of raw material made for February month is shown below:
Production in Units 20,600
Multiplied by Raw material needed per unit (in pounds) 1
Total raw material required (in pounds) 20,600
Add: closing Inventory (25% of 19300 pounds) 4,825
Less: Opening Inventory (25% of 20600 pounds) 5,150
Raw material purchases (in pounds) 20,275
Answer:
It enables a country to obtain goods which it cannot produce or which it is not producing due to higher costs, by importing from other countries at lower costs. (iii) Specially Foreign trade leads to specialisation and encourages production of different goods in different countries.
Explanation:
inorder to minimize the disadvantage , there should be privacy maintainence in the intellectual property, there should be balanced in domestic and international trade. the over use of natural resources should be controlled. there should be proper checking of the good and services before trading them inside country or in foreign country, etc