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natita [175]
3 years ago
6

Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow:______.

Business
1 answer:
Mamont248 [21]3 years ago
6 0

Answer:

The net income from the income statement is $135,000.

Explanation:

The income statement for the year ended May 31, 20Y6 can be prepared as follows:

Paradise Travel Service

Income Statement

For the Year Ended May 31, 20Y6

<u>Particulars                                      $                            $           </u>

Revenue:

Fees earned                                                          900,000

Expenses:

Wages expense                       (450,000)

Office expense                         (300,000)

Miscellaneous expense       <u>      (15,000)    </u>

Total expenses                                                 <u>    (765,000)   </u>

Net income                                                      <u>      135,000   </u><u> </u>

Therefore, the net income from the income statement is $135,000.

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The process by which prospective buyers "internalize" or consider the information presented by the salesperson is referred to as
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B. salespeople cannot read a buyer's mind

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describe five ways in which contract management might adds value after the contract award stage of the sourcing process.​
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Contract management is essential for any business to succeed. There are five ways in which contract management will add value after contract award stage. Usually value addition is achieved by the response of buyer and seller towards the services after the contract has been awarded. There should be right individuals involved in decision making process. The performance should be evaluated against the KPI mentioned in the contract. If both supplier and  buyer work with mutual understanding there is very less chance for disagreement and value will be added to the contract performance.

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