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Effectus [21]
3 years ago
10

If assets total 45,000, expenses total 10,000, revenues total 35000, and stockholders' equity equals 30,000 what is the amount o

f net income?
Business
1 answer:
salantis [7]3 years ago
7 0

Answer:

$25,000

Explanation:

Calculation for the what is the amount of net income

Using this formula

Net income= Total Revenues-Total expenses

Let plug in the formula

Net income= 35,000+10,000

Net income=$25,000

Therefore the amount of net income will be $25,000

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Select the correct answer.
TEA [102]
I would say C is the answer bc that’s would i would do in that situation.
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2 years ago
Coffee beans are an input in the production of coffee. Coffee in turn is a complement to pie. an increase in the price of coffee
AleksandrR [38]

An increase in the price of coffee beans can be expected to increase the demand for pie.

So, in the market if the price of coffee beans increases, quantity demanded for coffee will decrease. As, the coffee in turn is a complement to pie the consumers using coffee will now shift themselves to pie, unless the price decreases for coffee. Thus, the demand for pie is expected to increase now.

Several events could lead to such a change, an increase in  population , an increase in incomes, or an increase in the price likely to increase the quantity of coffee demanded at each price.

Hence, this represents the Law of Demand.

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3 0
2 years ago
Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry shoul
grigory [225]

Answer:

c. credit to notes payable

Explanation:

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5 0
3 years ago
An annual reporting period consisting of any twelve consecutive months is known as:___.
Kaylis [27]

An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.

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Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.

Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.

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4 0
2 years ago
How is a traditional work week different than a compressed work week?
galben [10]
A compressed workweek<span> has you working 40 hours in fewer </span>than<span> five days. The most widely used schedule is 10 hour days for four days a week.</span>
6 0
3 years ago
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