The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.
<h3>Who is an accountant?</h3>
An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.
Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.
Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.
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Answer:
B) $2,850
Explanation:
1: Find the discount: $3,000*5% = $150
2: Subtract the discount: $3,000 - $150 = $2,850
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Explanation:
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Answer:
what managers think costs should be
Explanation:
Standard cost systems are based on what managers think costs should be as opposed to actually using the prices based on what they should be. The managers accomplish these prices by estimating the costs that will be incurred by the business during the production process and then creating the costs based on their estimations.
Answer:
correct option is b. $16,700
Explanation:
given data
purchased = $85,000
Freight charges = $3,500
foundation and installing the machinery cost = $10,000
salvage value = $15,000
to find out
Depreciation expense
solution
we first find here cost that is
cost = $85,000 + $3,500 + $10,000
cost = $98,500
so
Depreciation expense will be here
Depreciation expense = 
Depreciation expense = $16,700
so correct option is b. $16,700
