For this problem, we are required to calculate the net operating income.
In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.
To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.
Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.
A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.
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Answer:
D. A systematic approach to incident management.
Explanation:
National Incident Management System (NIMS) is a national system approach to incident management. It describes all the requirements for a standardised framework for communications between all jurisdictional levels and across functional disciplines.
<span>Working on a commission basis may make dealing with finances more difficult because one is not on a regular salary. A commission means you only get paid for a sale or a completed task. If you do not sell enough, or fail to complete enough tasks, your income may be reduced. Thus, planning your finances becomes difficult.</span>
Answer:
The four basic laws of supply and demand are: If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity. If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity.
Answer:
1.credit to premium on bonds payable for $160,000
Explanation:
The journal entry to record the issuance of the bond is given below:
Cash $2,160,000 ($2,000,000 × 108%
)
To Premium on Bonds Payable $160,000 ($2,160,000 - $2,000,000)
To Bonds Payable $2,000,000
(Being the issuance of the bond is recorded)
Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable is credited as it increased the liabilities