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Oduvanchick [21]
3 years ago
15

The following account balances were taken from the adjusted trial balance for Capstone Messenger Service, a delivery service fir

m, for the fiscal year ended April 30, 20Y7: Depreciation Expense $9,800 Fees Earned 520,400 Insurance Expense 1,860 Miscellaneous Expense 3,920 Rent Expense 74,500 Salaries Expense 261,700 Supplies Expense 3,330 Utilities Expense 28,400 Prepare an income statement.
Business
1 answer:
Phoenix [80]3 years ago
4 0

Answer and Explanation:

The preparation of the income statement is presented below:

Revenues

Fees earned $520,400

Total revenues $520,400

Less expenses:

Depreciation Expense $9,800

Insurance Expense $1,860

Miscellaneous Expense $3,920

Rent Expense $74,500

Salaries Expense $261,700

Supplies Expense $3,330

Utilities Expense $28,400

Total expenses $383,510

Net income $136,890

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amm1812

The number of burritos that will be supplied depends on the costs the supplier incurs.

You did not include any charts that can be used to answer this specific question so I will give a general answer.

When a supplier is deciding the price at which to supply a good, they look at:

  • Their costs both fixed and variable
  • The price others are charging
  • The demand for the good

The most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.

In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.

<em>Find out more at brainly.com/question/1908405.</em>

8 0
2 years ago
3. A los factores productivos, dentro del proceso<br> de producción, también se conoce como..
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El capital es uno de los tres factores de producción, se puede dividir en capital físico y capital humano, el capital físico son todas las máquinas y recursos que utiliza en su negocio. El capital humano se refiere a todos los conocimientos adquiridos.

6 0
3 years ago
Suppose touchtech, a hand-held computing firm, is selling bonds to raise money for a new lab—a practice known as finance. buying
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3 years ago
Q2. Management is equally important to run a political organisation as it is to run an
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Answer:

Q2. B

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Q4. B

8 0
3 years ago
"Addison Corp. is considering the purchase of a new piece of equipment. The equipment will have an initial cost of $522,000, a 3
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Answer:

$31,320.00

Explanation:

The formula for accounting rate of return is the annual net cash flow divided by the initial investment.

If the initial investment was $522,000 and the accounting rate of return is computed to be 6% per year, hence the annual increase in cash flow accruing from the investment can be calculated by changing the subject of the formula.

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