Answer and Explanation:
a. The preparation of income statement is shown below:-
Income Statement
Service revenue $80,000
operating expenses
Salary expenses $28,000
Uncollectible accounts
expense $3,273
Total operating expense $31,273
Net income $48,727
Working Note :-
Days Amount Percentage Allowance balance
Current $16,800 0.01 $168
0-30 $5,100 0.05 $255
31-60 $4,000 0.10 $400
61-90 $2,000 0.30 $600
Over 90
days $3,700 0.50 $1,850
Total $31,600 $3,273
b. The computation of net realizable value of the accounts receivable is shown below:-
Net realizable value = Accounts receivable - Allowance for doubtful accounts
= ($80,000 - $48,400) - $3,273
= $31,600 - $3,273
= $28,327
<span>Service members who take the 25 percent or 50 percent lump sum option will receive less in overall benefits than they would have gotten if their retirement benefits were spread out over normal monthly payments.Since this high percent lump sum option, it may affect decrease in funds flows to retirement benefits</span>
Answer:
Decrease in Net operating income ($30,000)
Explanation:
The computation of the change in net operating income is shown below:
Particulars Rubber Division
Lost of Contribution margin ($100,000)
Savings from avoidable fixed costs :
Traceable fixed costs $70,000
Decrease in Net operating income ($30,000)
We simply deduct the traceable fixed cost from the loss of contribution margin so that the change in net operating income could come
Nicco is mostly like an independent contractor for Acme Solutions.
Explanation:
An independent contractor is a licensed person or organization for the other unemployed to complete the work for and would offer services.
Independent contractors are termed sole owners or Limited Liability Companies (LLCs) of single members in the United States of America.
If you are profiting or benefiting from rental homes, you will record your income and expenses under Schedule C of Form 1040 or Schedule E. In addition, self-employment charges are to be submitted to the IRS, normally on the basis of Form 1040-ES every three months.
<span>a. allowing top managers to make decisions, because the other 3 answers could all fall under the first answer. organizations are designed from top down. This makes a. the best answer.</span>
