1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirza4 [7]
2 years ago
6

A company started the year with the following: Assets $104,000; Liabilities $34,000; Common Stock $64,000; Retained Earnings $6,

000. During the year, the company earned revenue of $5,400, all of which was received in cash, and incurred expenses of $3,200, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,400 to owners. Assume no other activities occurred during the year. What was the amount of net income for the year?
a. $3,200.
b. $2,200.
c. $1,400.
d. $5,400.
Business
1 answer:
Leona [35]2 years ago
8 0

Answer:

b. $2,200.

Explanation:

Net income = Revenue - Expenses

Net income = $5,400 - $3,200

Net income = $2,200

Therefore, the amount of net income for the year is $2,200

You might be interested in
____________ transforms resource inputs from the environment into product outputs.
Shtirlitz [24]

Answer:

Open system

Explanation:

7 0
3 years ago
__________ is a market failure that the government might seek to change through intervention
hammer [34]

Answer: A positive externality, negative externality and asymmetric information

Explanation:

A market failure is one of the type of economical situation in which the  the various types of products and the services are distributions in an inefficient manner.

A positive externality, negative externality and an asymmetric information are the market failure that the government wants to change by the process of intervention

Externality is one of the type of advantage or cost that basically affect the third party in the economics so the free market under consuming the various types of products. Therefore, the given answer is correct.  

5 0
3 years ago
A friend offers you a Coke, a Dr. Pepper, or a 7-Up. You don't like Coke, so after some thought, you take the Dr. Pepper. What i
Leokris [45]
<span>An opportunity cost is the value or benefit that must be given up to acquire or achieve something else. In this case whatever you choose (Coke, Dr.Pepper or 7-UP) everything would be free , at zero cost. This means that the opportunity cost in this case is zero, because the drink is free.</span>
4 0
2 years ago
Financial literacy is the knowledge about
hammer [34]

Money. I'm doing the same subject right now. Feel free to message me if you have any questions.

3 0
2 years ago
What's the advantages of ms word ?​
mash [69]

Answer:

MS WORD IS A MULTI PURPOSE WORD PROCESSOR WHICH HELPS IN CREATING

  • BROCHURES
  • LETTERS
  • GREETING CARDS etc.
<h2><u>please</u><u> </u><u>follow</u><u> </u><u>me </u><u>and </u><u>mark </u><u>it </u><u>brainliest</u></h2>
6 0
2 years ago
Read 2 more answers
Other questions:
  • On March 1, 2017, Carla Vista Co. acquired real estate, on which it planned to construct a small office building, by paying $84,
    13·1 answer
  • Carson Electronics uses 58 percent common stock and 42 percent debt to finance its operations. The aftertax cost of debt is 5.4
    12·1 answer
  • In order for researchers to be able to say that variable a causes variable b, they must eliminate the possible influence of ____
    8·1 answer
  • The wacc is used to _______ the expected cash flows when the firm has _______.
    5·1 answer
  • Your sister turned 35 today, and she is planning to save $7,000 per year for retirement, with the first deposit to be made one y
    14·2 answers
  • Ou have $11,122.76 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until yo
    13·1 answer
  • Why are we forced to make choices in day-to-day life?
    9·1 answer
  • The lower the real exchange rate is (defined as the foreign price of domestic currency), the ______ expensive domestic goods are
    8·1 answer
  • In one month, mikhail's furnishings can make 160 carpets or 160 quilts, while dominique's parlor can make 120 carpets or 200 qui
    6·1 answer
  • John decided to leave his job and open a bookshop in the city center. He was working as an engineer before and getting an annual
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!