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emmainna [20.7K]
3 years ago
7

If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for th

e month of May? If there is a loss, enter it with parentheses or a negative sign.May 1: Prepaid rent for three months, $2,100May 5: Received and paid electricity bill, $70May 9: Received cash for meals served to customers, $1,530May 14: Paid cash for kitchen equipment, $3,780May 23: Served a banquet on account, $1,780May 31: Made the adjusting entry for rent (from May 1).May 31: Accrued salary expense, $3,260May 31: Recorded depreciation for May on kitchen equipment, $670
Business
1 answer:
tino4ka555 [31]3 years ago
7 0

Answer:

Net loss -$1,390

Explanation:

The computation of the net income is given below:

Service revenue    

On cash $1,530

ON credit $1,780

Service revenue $3,310

Less: Expense    

Utilities expense  -$70

Rent expense  -$700

Salaries expenses  -$3,260  

Depreciation expense -$670

Total expenses -$4,700

Net loss -$1,390

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Answer: TASK IDENTITY

           

Explanation:

In simple words,the degree to which a work includes doing a comprehensive piece of work from start to finish and recognizable with a noticeable result as opposed to doing just a segment of the job.

Job identity is a key component of job satisfaction.Task identity is the degree to which-from starting point A to completion point B-a job is done. In other words, it represents to what extent the result is anticipated or noticeable.

Hence from the above we can conclude that the company is doing the task identity.

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3 years ago
In most systems for reducing pollution using an effluent fee, the government is directly involved as a fee collector. For exampl
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The Italian government can increase the efficiency of its effluent system by becoming creating a law that makes it illegal to smoke in smoke-free zones.

<h3>What is an Effluent?</h3>

This refers to wastes that are secreted or released into the air, water, or underground channels.

Examples of effluents are:

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See the link below for more about the effluent system:

brainly.com/question/6277954

3 0
2 years ago
Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos
elena-s [515]

Answer:Inventory on hand Balance at the end = $4620

Explanation:

The question is unclear with regards to the requirements. however having dealt with questions of this nature in the past, I will assume the question requires us to calculate the cost of inventory on hand.

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Inventory on hand Balance = 5040+ 8700 - 14520 + 7820 - 2420

Inventory on hand Balance at the end = 4620 = $4620

8 0
3 years ago
using pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the marke
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Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.

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When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.

Learn more about penetration pricing here: brainly.com/question/3521758

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5 0
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Answer:

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Unlike federal corporate taxes which apply to all US corporations regardless of where they operate, state corporate taxes vary a lot depending on the state. Some states do not collect any tax at all (6 states) while others charge taxes that vary from 2.5% to 12%.

5 0
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