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Lesechka [4]
3 years ago
14

If you were to invest $120 for two years, while earning 8% simple interest, what is the total amount of interest that you will e

arn?
Business
1 answer:
Dafna1 [17]3 years ago
6 0
19.2
P=$120
I=8%
T=2yr
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The balance of the revenue account is transferred to the
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Credit side of a the balance of revenue account is transferred
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The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following
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Answer:

Net income = $364,000

Earning per share (EPS) = $0.36 per share.

Explanation:

A continuous multiple-step statement of comprehensive income is a form of income statement shows in a categorical and continuous manner operating income, i.e. the profit earned from the primary activities of an entity through buying and selling merchandise, other income and expenses, and net income.

For this question, continuous multiple-step statement of comprehensive income can be prepared as follows:

Lindor Corporation

Multiple-step Statement of Comprehensive Income for 2016

<u>Details                                                                  $      </u>

Sales revenue                                            2,300,000

Cost of goods sold                                    <u> 1,400,000 </u>

Gross profit                                                   900,000

Operating expenses:

Selling and administrative expenses        <u> (420,000) </u>

Operating income                                        480,000

Non operating income and exp.:

Unrealized holding gains on inv. sec.          80,000

Interest expense                                          <u> (40,000) </u>

Income before tax                                        520,000

Income tax (30% * $520,000)                    <u> (156,000) </u>

Net income                                                  <u>  364,000 </u>

EPS (364,000 / 1,000,000)                                 0.36

8 0
3 years ago
If houston company billed a client for $18,000 of consulting work completed , the accounts receivable asset increases by $18,000
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The answer is

Revenues increases by 18000
7 0
3 years ago
xyz company recently signed a lease on their new office space. as part of the lease agreement, they must pay for property's real
erastovalidia [21]

If they must pay for property's real estate taxes and premiums for insuring the building. The type of lease xyz company sign is:<u> Double net lease.</u>

<h3>What is Double net lease?</h3>

Double net lease can be defined as form of agreement that occur between a tenant and a landlord were the tenant agrees to pay for the cost of rent while the landlord on the other hand agrees to pay for operating expenses incurred by the tenant.

Based on the given scenario the type of the lease xyz company sign is called double net lease as they have to pay for property's real estate taxes  as well premiums for insuring the building.

Therefore the type of lease xyz company sign is:<u> Double net lease.</u>

Learn more about  double net lease here:brainly.com/question/14244511

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4 0
1 year ago
It’s important to consider whether you should address an acquaintance formally or informally.
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Answer:

True

Explanation:

Im sorry please forgive me I messed up big time

4 0
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