Based on the financial details of Ernst Consulting, the Income Statement would be:
Ernst Consulting Income Statement
Revenue
Consulting revenue <u> 18,350</u>
Total revenue <u> 18,350</u>
Expenses
Miscellaneous expenses 720
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Total Expenses <u> (14,820)</u>
Net Income $3, 530
<h3>What is the Net Income used for?</h3>
The net income allows the company to see its total profits for the year after expenses have been accounted for.
It is calculated by deducting expenses from the revenue like Ernst Consulting's income statement shows.
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Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.
A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.
The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.
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Answer:
Answer is given below.
Explanation:
Preferred stock yield = dividend/ stock price
a) dividend =$1.81 , stock price =$30
Preferred stock yield = $1.81/$30= 6.033%
b) dividend =$1.81 , stock price =$25
Preferred stock yield = $1.81/$25=7.24 %
Answer:
Check the safety of the environment and the people
Explanation:
If there are any hazards (electrical, falling, or mechanical) it must be removed ASAP and/or reported. Make sure everyone has their PPE and that it is in good and working condition.