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RideAnS [48]
2 years ago
10

After all of the account balances have been extended to the Income Statement columns of the work sheet, the totals of the Debit

and Credit columns are $74,440 and $93,750, respectively. What is the amount of the net income or net loss for the period
Business
1 answer:
vampirchik [111]2 years ago
5 0
12.393 is the answer in decimal?
You might be interested in
A supplier of instrument gauge clusters uses a kanban system to control material flow. The gauge cluster housings are transporte
defon

Answer:

N=\frac{5*2(1+0.4)}{6}\\N=2.333\ kanban\\

Rounded to next  whole number:

N=3 kanban card sets

Explanation:

Given:

Number of gauges per hour=D=5 gauges per hour

Gauge cluster housing Transported=C=6

Hours for housing replenishment = T=2 hours

Safety Stock Percentage=P=40%

Find:

Number of kanban card sets needed=N=?

Solution:

Formula According to above mentioned Alphabets

N=\frac{D*T(1+P)}{C}

N=\frac{5*2(1+0.4)}{6}\\N=2.333\ kanban\\

Rounded to next  whole number:

N=3 kanban card sets

7 0
3 years ago
If fixed costs increased and variable costs per unit decreased, the break-even point would_______________.
Aleksandr-060686 [28]

Answer:

The correct option is D,cannot be determined from the data provided

Explanation:

Break-even points in units=fixed costs/contribution margin per unit

Contribution margin per unit =selling price -variable cost

In other words, from the scenario, it is clear that the numerator fixed costs has increased and also a reduction in variable cost per unit implies an increase in contribution margin per unit since a lesser variable cost is being deducted from selling price.

The impact of both increases in fixed costs and contribution margin cannot be determined except if more details is provided which will give further guidance regarding which of the two increased at a higher rate compared to the other.

5 0
3 years ago
A cartel is a type of found in many countries. It is an agreement in which businesses agree not to with each other. Unlike many
lubasha [3.4K]

Answer:

C. They tend to produce thing with the same characteristics. Examples would include diamonds and oil.

Explanation:

A cartel is an organization established with a formal agreement between a group of producers of a good or service to regulate supply in order to regulate or manipulate prices.

In another parlance, a cartel is a collection of independent businesses or countries that act together as a single producer and thus fix prices for the goods they produce and the services they render, without competition.

An example of a cartel is The Organization of Petroleum Exporting Countries (OPEC). OPEC is the world's largest cartel. It is a group of 14 oil-producing countries whose purpose is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets.

3 0
3 years ago
You are investing $500 today. If it is compounded semi-annually at an annual interest rate of 13% for the next 5 years, your inv
Ilya [14]

Answer:

Explanation:

In this question, we are expected to know the amount a certain investment would have grown to after 5 years.

Mathematically, the amount is calculated by the formula below:

A = P(1 + r/n)^nt

The parameters have the following values: A = ? P = $500 r = 13% = 13/100 = 0.13 n = 2 ( semi-annually means two times a year) and t = 5 years

A = 500( 1 + 0.13/2)^(2 * 5)

A = 500(1 + 0.065)^10

A = 500( 1.877)

A = 938.56 or simply $939

4 0
3 years ago
The citizens of France, Belgium, and Finland are upset by a recent tradelaw enacted in the European Union which they feel negati
Bess [88]

Answer:

c. The European Parliament

Explanation:

The European Council is a collective body that defines the European Union's overall political direction and priorities.

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

The European Parliament (EP) is the legislative branch of the European Union.

Based on the defined roles of the different bodies of the EU, in order for France, Belgium and Finland to resolve their concerns which is a legal matter, their representatives will approach the legislative body of the EU to discuss their concerns with other EU members. This legislative body is the European Parliament.

3 0
3 years ago
Read 2 more answers
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