Answer:
$434,000
Explanation:
The total amount that should be included in the operating income as follows:
1. Cash sales $135,000
2. Credit sales $289,000
3. Gain from the sale of property and the equipment $10,000
Operating income $434,000
hence, the $434,000 should be included in the operating income
Answer:
a. $15,000
Explanation:
common stock:
12/31 = $8,500 1/1 = $5,500
12/31 = $15,000
retained earnings:
6/30 = $3,500 12/31 = $15,000
11/30 = $5,000
Income Summary
12/31 = $18,500 12/31 = $33,500
12/31 = $15,000
income summary closing accounts:
Dr Revenue 33,500
Cr Income summary 33,500
Dr Income summary 18,500
Cr Expenses 18,500
Dr Retained earnings 15,000
Cr Income summary 15,000
net income = amount of income summary closed against retained earnings = $15,000
The total amount of output produced with a given amount of resources is known as the total product.
<h3>What is the output?</h3>
Output refers to something received from the manufacturing and production of raw materials by optimum utilization of resources. When we utilise raw materials in the manufacturing unit, the product we receive is refers as output.
The resources of a business include machines, types of equipment, raw materials, and manpower when these resources are combined together then, the output is received in the form of a total product.
Learn more about resources, here:
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Answer:
Podcast
Explanation:
Podcast is a digital audio file made available on the internet for downloading to a computer or mobile devices, typically available as a series, new installments of which can be received by subscribers automatically.
Plain training could organize a podcast workshop for their clients so as to improve and maintain its reputation on helping to achieve a successful businesses through the internet.
Answer: False
Explanation:
In an emerging market, there are only a few firms as the product is new and so has not been copied extensively yet. As a result, only a small set of firms are dominant in the market.
As the market grows and firms see that there is profit to be made, they will come into the market and this will increase the number of firms and reduce the dominance of the earlier firms.
