Answer:
Revenues minus expenses.
Explanation:
Net income = Revenue - (cost of goods sold + selling, general and administrative expenses + depreciation + net interest expense + income tax)
Revenues minus cost of goods sold gives gross profit
Assets minus liabilities gives shareholders equity
Answer:
Explanation:
Interest expense refers to charges paid for borrowing money. It is the money that a lender charges borrower for borrowing money from him. In the income statement, it represents interest to be paid on borrowings such as bonds, loans, convertible debt or lines of credit. It is calculated as product of the interest rate times the outstanding principal amount of the debt.
Given that:
Moonbooks received $79,380 = principal amount of debt (P)
The interest rate (r) = 8% annually = 0.08.
Interest expense payable for 2018 (first year) = P × r = $79380 × 0.08 = $6350
For the second year i.e 2019 The principal amount of debt = $79380 + $6360 = $85730
Interest expense payable for 2019 (second year) = P × r = $85730 × 0.08 = $6858
Answer:
The correct answer is 16 utils.
Explanation:
Amount spent by Rick to get utility of 8 = $6*2 + $3 * 4 = $24
$48/ $24 = 2
$48 will give Rick 2 sets of products combination that give him utility of 8.
At his utility-maximizing point, Rick's utility is 2* 8 = 16 utils.
Answer:
A mask, gloves, gown, face shield.
Explanation:
Try covering up as much as possible, but these are the four most essential protective coverings you should wear while operating a pit. Hope this helps!
