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
Aleks04 [339]
3 years ago
10

Hofnim, Inc. had the following account balances on September 30, 2016. What is Hofnim's net income for the month of September

Business
1 answer:
goldfiish [28.3K]3 years ago
6 0

Answer:

$22750

Explanation:

Calculation for What is Hofnim's net income for the month of September

Hofnim's NET INCOME

Fees Earned 64,000

Less Miscellaneous Expense (19,700)

Less Rent Expense (5,100)

Less Wages Expense (16,450)

NET INCOME $22,750

Therefore the NET INCOME will be $22,750

You might be interested in
When an incident occurs and relevant agencies or departments are dispatched to the scene, the lead agency assumes Incident Comma
kifflom [539]

Answer:

When an incident occurs and relevant agencies or departments are dispatched to the scene, the lead agency assumes Incident Command and a PIO is designated. This person is usually A full-time PIO whose role has been predetermined in emergency plans and SOPs- B.

3 0
3 years ago
Read 2 more answers
Bramble Corp. purchased a machine for $65600 on July 1, 2020. The company intends to depreciate it over 8 years using the double
KonstantinChe [14]

Answer:

$16,400

Explanation:

Depreciation for 2020 is calculated as;

= (Cost - Nill value) × 50% × 6/12[July to December)

Given that ;

Cost = $65,600

Depreciation = ($65,600 - 0) × 0.5 × 6/12

Depreciation = $16,400

Therefore, depreciation for 2020 is $16,400.

4 0
3 years ago
1. Assume that in the relevant jurisdiction, contracts with clauses restricting working for competitors for more than six months
jeyben [28]

<u>Answer: </u>Wrongful interference with a contractual relationship requires the existence of enforceable contract, third party  knowledge, and intentional inducement.

<u>Explanation:</u>

All the business consist of information which is invaluable and wants the employees to keep it within the business and not sell it to competitors. As they are the successful objectives of the business.

Contractual relationship is the relationship bound by legal requirements where there are two or more parties who agree with same terms through enforceable contract. Intentional inducement is where an individual causes damage to  contractual relationship with third party. The damage can be of monetary basis.

8 0
3 years ago
The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
sasho [114]
Economic profits that are present in the short run.
7 0
4 years ago
How often should a financial checkup be completed
ryzh [129]

Answer:

a financial checkup should be completed annually.

7 0
3 years ago
Other questions:
  • Kara wants to open a retailing outlet in her town. Her family has been in the business of selling hardware items before. She wan
    8·2 answers
  • Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month
    10·1 answer
  • Beginning with the first pay of the year, Carson will make $2,700 each week. In which numbered pay of the year will Carson hit t
    7·1 answer
  • In which part of a cover letter does the applicant explain the purpose of the letter?
    5·2 answers
  • Kellogg's sells many different breakfast cereals, including Corn Flakes, Rice Krispies, Frosted Flakes, Raisin Bran, and Special
    9·1 answer
  • Renting a car and paying $15 per day plus $.03 per mile driven is an example of what type of cost?
    10·1 answer
  • How much would you have to deposit today if you wanted to have $60,000 in four years? Annual interest rate is 9%. (PV of $1, FV
    9·1 answer
  • If plant assets of a manufacturing company are sold at a gain of $1,000,000 less related taxes of $350,000, and the gain is not
    8·1 answer
  • Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $8
    11·1 answer
  • A distribution of a company's accumulated prior earnings is a(n) ______.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!