The net income of the company is $193,000
What is the net of the company?
The net income of the company is the total consulting revenue minus the salaries expense, interest expense, and rent expense, in other words, revenue minus total costs of running the company
net income=consulting revenue-rent expense-interest expense-salaries expense
consulting revenue=412,000
rent expense=23,000
interest expense=13,000
salaries expense=183,000
net income=412,000-23,000-13,000-183,000
net income=$193,000
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Answer:
<u> c. implies that the national government exerts minimal influence on the exporting and importing decisions of private firms</u>
Explanation:
- Free Trade is a trade policy by the govt of various countries to remove the restriction from the imports and exports of goods and services which is ideal for the international trade.
- Trade-in services without taxes or other trade barriers, Unregulated access to market information, increase economic growth and lower the government spendings and also allows for the technology transfer. It also leads to jobs outsourcing.
Question Continuation.
Which of the above should be accounted for in an internal service fund?
Answer:
Van used to transport supplies to all city departments on a cost reimbursement basis #65,00
Explanation:
An Internal Service Fund is a type of fund that is often used by the government for accounting purposes in tracking of goods and/or service that has been shifted between two or more departments on a cost reimbursement basis.
An example of an internal service fund is the (answer) above because it involves transporting supplies to all city DEPARTMENTS.
The keyword here is DEPARTMENT because that's the essence of an internal service fund.