Answer:
<u>Slapshot Company</u>
<u>Income statement for the month of June</u>
Sales ( 1,890 x $360) $680,400
Less Costs of Sales ($378,000)
Gross Profit $302,400
Selling Costs :
Commissions $68,040
Other Selling Expense $64,700
Administrative Expense $53,800 ($186,540)
Net Income $115,860
Explanation:
The Income statement shows the <em>Profit</em> earned during the reporting period. This is determined as Gross Profit (Sales - Cost of Sales) minus the Operating Expenses.
Answer:
consequential damages
Explanation:
According to my research on different types of law suits, I can say that based on the information provided within the question Bill can recover the 900 he lost from Carl as consequential damages. These are damages have happened because of one party's failure to meet a certain deadline or contractual obligation and can be proven in court. Therefore since Bill can prove that he lost the 900 because of Carl's negligence he will most likely win that case.
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Considering the available options, the choice that is not a type of trademark is "<u>Simple</u>."
<h3>What is a Trademark?</h3>
Trademark is the term used to describe the word, phrase, design or symbol, or combination thereof.
Generally, the purpose of a Trademark is to create the identity for the source of the commodities such that these commodities can be easily differentiated from similar commodities.
<h3>Different types of Trademarks</h3>
There are four major categories of Trademarks which include the following:
- Coined or Fanciful trademark
- Arbitrary trademark
- Suggestive trademark
- Descriptive trademark
Hence, in this case, it is concluded that the correct answer is "<u>Simple</u>."
Learn more about Trademarks here: brainly.com/question/11957410
Answer:
equipment 3,700
Explanation:
First we calcualte the values of the machine given up:
<u>traded-out assets</u>
purchased 23000
depreciation <u>20,000 </u>
book value 3,000
fair value 5,000
gain on disposal 2,000
This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.
Value given up forthe new equipment:
cash 700
traded-out <u>5,000 </u>
total value 5,700
We subtract the deffered gain on disposal to get the accounting value for the new equipment:
deferred gain (2,000)
accounting value 3,700
The machine will enter the accounting with 3,700
journal entry
equipment 3,700
acc del 20,000
equipment 23,000
cash 700
Answer:
$75,240
Explanation:
Given that,
Consumer price index in 1999 = 170
Salary in 1999 = $44,000
Consumer price index in 2016 = 290
Therefore, the required salary is calculated as follows:
= Salary in 1999 × (Consumer price index in 2016 ÷ Consumer price index in 1999)
= $44,000 × (290 ÷ 170)
= $44,000 × 1.71
= $75,240
Hence, the amount of salary have to earn in 2016 in order to equal your 1999 real income is $75,240.
