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3 years ago

How do i find the net income?

Business

1 answer:

marishachu [46]3 years ago

6 0

Answer:

Subtract all your expenses from your earnings which would be 750,000 - 200,000 -150,000 - 50000 = $350,000 net income

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Wolf Computer exchanged a machine with a book value of $40,000 and a fair value of $45,000 for a very similar machine. In additi

fgiga [73]

Answer:

gain of $5,000

Explanation:

Wolf's gain = fair market value - book value = $45,000 - $40,000 = $5,000

a company must determine the gain or loss of an exchange transaction using the asset's book value and comparing it against its fair market value. If the FMV is higher than the book value, the company will recognize a gain. If the FMV is lower than the book value, then the company will recognize a loss.

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3 years ago

If an insured has a Life Paid-Up at 75 Policy (a limited-pay life paid-up at age 75), what would the beneficiary receive if the

vladimir2022 [97]

Answer: The beneficiary will receive the full-face value of the policy.

Explanation: A life insurance policy is an insurance policy that covers the life of the insurer in the case of an untimely death. There are different types of life assurance policies.

A life paid up at 75 policy is a type of life assurance policy that covers the insurer up to the age of 75 years. if the insurer now dies before attain the age of 75 years, the face value of the policy will be paid to his beneficiary while if he lives above age 75 years, the policy ceases.

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4 years ago

Kramer Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the followin

mr_godi [17]

Activity Cost Pool Estimated Overhead Cost is $1,125,400

(a) Estimated Activity

(b) Activity Rate (a ÷ b)

Labor Related $48,000 30,000 DLHs $1.60 per DLH

Machine Related $67,500 10,000 MHs $6.75 per MH

Machine Setups $90,000 600 Setups $150 per Setup

Production Orders $112,000 3,500 Orders $32 per Order

Product Testing $59,400 1,800 Tests $33 per Test

Packaging $76,500 4,500 Packages $17 per Package

General Factory $672,000 30,000 DLHs $22.40 per DLH

Total $1,125,400

Activity Rate = Estimated Overhead Cost / Estimated Activity

Activity Rate of Labor Related = $48,000 / $30,000

= $1.60 per DLH

Activity Rate of Machine Related = $67,500 / 10,000

= $6.75 per MH

Activity Rate of Machine Setups = $90,000 / 600

= $150 per Setup

Activity Rate of Production Orders = $112,000 / 3,500

= $32 per Order

Activity Rate of Product Testing = $59,400 / 1,800

= $33 per Test

Activity Rate of Packaging = $76,500 / 4,500

= $17 per Package

Activity Rate of General Factory = $672,000 / 30,000

= $22.40 per DLH

Learn more about Activity Rate brainly.com/question/5143419

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2 years ago

Schedule of Cash Payments for a Service Company Horizon Financial Inc. was organized on February 28. Projected selling and admin

podryga [215]

Answer:

Cash payments:

March $30,300

April $51,660

May $58,490

Explanation:

The following costs amounting to $9,000 should be deducted from the projected expenses per month

A. Insurance costs (it had been prepaid in February)

B. Depreciation (it doesn't involve any cash movement)

C. Property tax (it won't be due for payment until June)

This leaves each month expense as shown in the attached schedule. And based on the 70 : 30 rule, the table reflects the full payment structure.

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3 years ago

Barney takes his wife Betty to a Porsche dealership and tells her to pick out whichever car she wants as a birthday present. She

amid [387]

Answer:

The car should be given to Betty because Barney already have a contract with the dealer and he has stated explicitly in the terms to the contract that the car belongs to his wife. Porsche dealer should be prosecuted for breach of contract in the court of law.

Explanation:

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3 years ago