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Mamont248 [21]
3 years ago
12

Required information Skip to question [The following information applies to the questions displayed below.] The December 31, 202

1, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 10,400 Accounts Receivable 134,000 Prepaid Rent 4,400 Supplies 22,000 Equipment 240,000 Accumulated Depreciation $ 119,000 Accounts Payable 10,400 Salaries Payable 9,400 Interest Payable 3,400 Notes Payable (due in two years) 24,000 Common Stock 140,000 Retained Earnings 44,000 Service Revenue 340,000 Salaries Expense 240,000 Rent Expense 12,000 Depreciation Expense 24,000 Interest Expense 3,400 Totals $ 690,200 $ 690,200 Required: 1. Prepare an income statement for the year ended December 31, 2021.
Business
1 answer:
Furkat [3]3 years ago
8 0

Answer and Explanation:

The preparation of the income statement is presented below:

Service Revenue 340,000

Less:

Salaries Expense 240,000

Rent Expense 12,000

Depreciation Expense 24,000

Interest Expense 3,400

Net income $60,600

Hence, we simply deduct the expenses from the service revenue so that we get the net income

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How did speculative investing weaken the stability of the stock market
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Speculative investing means that people investing don't know the real value of the investment, only speculate it. This often inflates the prizes, which means that things cost more than they're actually worth. The problem is when people start realizing this: then they all try to exhange the goods for money, a financial crisis is possible: and a financial crisis means a lack of stability.
4 0
3 years ago
When formulating a positioning strategy, a multiple-benefits approach is strongly suggested to satisfy many markets at the same
vfiekz [6]

Answer:

False

Explanation:

A positioning strategy should focus on solidifying brand identity. Therefore, the ideal is for the brand to seek positioning based on the perception of its potential consumer, strengthening the benefits, quality, price and applications added to the product that sets it apart from competitors. In this strategy it is not effective to want to reach many markets at the same time, but to delimit your target market and thereby achieve competitiveness gains and influence that the product or brand has for your customer.

3 0
2 years ago
Wavetel, a hardware company based in Europe, acquires Telior, its competitor in a neighboring country. Identify the market-entry
mixer [17]

Answer:

Direct foreign investment.

Explanation:

 A foreign direct investment commonly used by abbreviation  FDI refers to a cross border investment in a business venture by a firm or individual of the country. In a broad sense, FDI occurs when a stockholder establishes overseas business activities or possesses foreign stock holdings in a foreign firm. FDI is a crucial component of global economic development since it establishes secure and long term trade linkages. FDI is an essential factor for the transfer of technology and infrastructure development and between different nations of the world. As per the question, Wavetel acquires a business firm in a neighboring country and it is a classic example of FDI.

8 0
3 years ago
Why do people start any occupation? Write down in brief.​
Stels [109]

Explanation:

<em>people start any occupation in order to</em><em> </em><em>tl</em><em> earn money </em><em>generally</em><em> </em><em>but</em><em> sometimes occupation became a medium</em><em> to give </em><em>employment.</em><em>.</em><em> which is really </em><em>benefit</em><em> </em><em>our</em><em> </em><em> </em><em>country.</em><em>.</em><em>.</em>

8 0
2 years ago
A deposit of $100,000 is made to an investment account today. At the end of each of the next four years, $10,000 must be paid ou
andrey2020 [161]

Answer:

14.06%

Explanation:

Assume their is a cash out flow today of $100000, and next four year annual cash inflow of 10000 and 120000 at the end of year 4.

We can use IRR formula to find the interest rate.

year                            cashflow

0                                   -100000

1                                      10000

2                                     10000

3                                     10000

4                                     130000

IRR                                 14.06%

The calculation has been done on excel sheet

8 0
3 years ago
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