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3 years ago

Look at pic for question and answers.

Business

1 answer:

zubka84 [21]3 years ago

6 0

Answer:

It is decreased by the sale amount

Explanation:

An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.

The sale of a company's asset may result in a loss or profit. A profit is treated as an income to the business, but a loss is an expense. When an asset is sold at a loss, business expenses increase. An increase in expenses reduces profits as reported in the income statement.

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Perle, a dentist, billed Wood $600 for dental services. Wood paid Perle $200 cash and built a bookcase for Perle’s office in ful

Naddika [18.5K]

Answer:$600

Explanation:

The full amount of$600 will be credited to Perle as his service income on completion of the dental services and debited to wood account as a debtor.

The $200 will reduce the debt to $400 , the $400 which will be recorded through a journal by debiting bookcase and crediting Wood.

Narration. Recognition of bookcase built as debt payment.

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3 years ago

Beloved Baby Company manufactures and sells children's strollers. Each stroller requires eight screws. For September, Beloved Ba

ololo11 [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Each stroller requires eight screws. For September, Beloved Baby Company will begin September with 380 screws in its beginning inventory, and budgets ending inventory to be 210. Beloved Baby Company has budgeted stroller sales of 530 strollers, while 570 strollers are scheduled to be produced

Production= 570*8= 4560

Ending inventory= 210

Beginning inventory= 380 (-)

Total= 4,390

8 0

3 years ago

Responsible boaters use cleaning products that won't harm lakes or rivers. which product is a responsible choice for cleaning yo

Stella [2.4K]

Keeping the boat you are riding clean is the most fundamental responsibility to do in order to maintain the structure and efficiency of the watercraft. In addition, its hull is at most important to be cleaned using detergents. Among this type of detergent that is commonly used in cleaning would be a non-phosphate detergent.

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3 years ago

Read 2 more answers

The company that Layton owns, the Music Box, is a family-owned company that has been in business for more than 100 years. Layton

Lisa [10]

Answer:

economic responsibility.

Explanation:

Layton has decided to donate a portion if his business Music Box earning's to a charity every year. His action of making donation decision is of economic responsibility. The decision is made to help out community in a good faith and is considered as social responsibility as Layton does not have any legal responsibility to make charity but still he decides to serve the society through his business earnings.

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3 years ago

Waterway Industries began the year with retained earnings of $316000. During the year, the company issued $421000 of common stoc

Rus_ich [418]

Answer:

revenues = 1,201,100

Explanation:

$$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning$

beginning 421,000

+net income (revenues - 1,204,000)

- dividends 82,100

ending 336,000

421,000 + (r-1,204,000) - 82,100 = 336,000

revenues = 336,000 + 82,100 + 1,204,000 - 421,000

revenues = 1,201,100

5 0

3 years ago