Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The calculation is shown below:
= Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense - income tax expense
where,
Income tax expense = (Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense) × income tax rate
= ($2,409,400 + $38,100 - $1,463,800 - $222,000 - $286,700 - $48,900) × 30%
= $426,100 × 30%
= $127,830
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
EFT, Inc. uses <u>shared</u> leadership in its organization.
(B). employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.
Explanation:
Shared leadership style in an organization is one where leadership is not the responsibility of just one person, but rather, is distributed among employees in the organization.
It is <u>best used in situations where the employees are highly skilled, technical, influential, enthusiastic about their work and also open to learning from others.</u>
Option B
Brian could be considered frictionally unemployed.
<h3><u>
Explanation:</u></h3>
Workers dropping their jobs or fresh workers enrolling the workforce both append to frictional unemployment. Frictional unemployment usually transpires even in a developing, solid economy. The frictional unemployment rate is determined by dealing with the workers actively seeing jobs by the total labor force.
Frictional unemployment is advantageous to an economy since it's a sign that individuals are attempting more desirable states. Frictional unemployment can be conquered by suddenly rivaling proposed job seekers with job opportunities. Frictional unemployment isn't devastating to economics.
Answer: $60 million
Explanation: Total output is defined as the total value of all goods produced or services rendered by an individual, group or country. It is the total value which could be amassed from one's input.
Therefore,
An economy with;
Number of workers =2000
Work time of each worker = 1500 hours
Payment rate per hour = $20
Total output = (Number of workers * work time * payment rate per hour)
Total output = 2000 * 1500 * 20
Total output = $60,000,000
Therefore, total output or real gross domestic product of the country is
$60,000,000
