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
12345 [234]
3 years ago
9

Charlie's Chocolates' had stock issuances of $64,000 and dividends of $27,000. The company has revenues of $97,000 and expenses

of $71,000. Calculate its net income.
Business
1 answer:
muminat3 years ago
3 0

Answer:

$26,000

Explanation:

Revenue for Charlie's chocolate is $97,000

Expenses is $71,000

Therefore the net income can be calculated as follows

= revenue - expenses

= $97,000-$71,000

= $26,000

Hence the net income is $26,000

You might be interested in
He vertical hierarchy is also known as _____.
wolverine [178]
Another term for the word "vertical hierarchy" is "the chain of command." A vertical hierarchy is an organisational structure that looks like a pyramid. Located at the topmost portion of this "pyramid" are the executives of a company, and below it are the supervisors in different departments and divisions.
3 0
4 years ago
A company reports the following amounts at the end of the year:
Inga [223]

Answer:

33.33%

Explanation:

Given:

Sales revenue = $360,000

Cost of goods sold = $240,000

Net income = $53,000

Now,

the gross profit = Sales revenue - Cost of goods sold

or

The gross profit = $360,000  - $240,000  = $120,000

Thus,

the company's gross profit ratio = \frac{\textup{Gross Profit}}{\textup{Sales revenue}}

or

The company's gross profit ratio =  \frac{120,000}{\textup{360,000}

or

The company's gross profit ratio = 33.33%

8 0
3 years ago
56. Anne LLC purchased computer equipment (5-year property) on August 29 with a basis of $30,000 and used the half-year conventi
klasskru [66]

Answer:

B. $1,728

Explanation:

Data given in the question

Number of computer equipment purchased = $30,000

So, by considering the above information the maximum depreciation expense is

= Number of computer equipment purchased × depreciation rate under MACRS for 5 years property × half year basis

= $30,000 × 11.52% × 0.5

= $1,728      

Refer to the MACRS table to find out the depreciation rate

3 0
3 years ago
What is the definition of the word bureaucracy? question 2 options: a group of officials who help run a government or other orga
salantis [7]

In Bureaucracy, the state officials make the majority of important decisions. Option a) further explain it.

<h3>What do you mean by bureaucracy? </h3>

It is a form of government in which state officials, rather than elected representatives, make the majority of important decisions.

A bureaucracy is a group of officials who assist in the administration of a government or other organization.

Therefore, option a) explains bureaucracy.

Learn more about bureaucracy here:

brainly.com/question/423656

7 0
2 years ago
For people who live near a bus route, a subway station, or a commuter rail line, public transportation provides a substitute to
Tom [10]

Answer: Positive.

Explanation:

Suppose there are two related goods, i.e, Good A and Good B.

Cross price elasticity of demand refers to the responsiveness of demand for Good A if there is a change in the price of its related good, i.e, Good B.

Now, we are talking about gasoline and public transportation, suppose if there is increase in the price of gasoline then it will be costlier for the people to drive their own cars, as a result demand for public transportation increases.

There is a positive relationship between the gasoline and public transportation.

Hence, cross-price elasticity of demand between gasoline and public transportation is Positive.

5 0
3 years ago
Other questions:
  • Teeny toys inc., a chain of toy stores, has decided to donate free toys to orphanages across the united states. this scenario il
    15·1 answer
  • What is groupthink? question 5 options:
    10·1 answer
  • What kind of good is It? Determine whether each of the following goods is a private good, a public good, a common resource, or a
    12·1 answer
  • Shona is buying a rug for her room. Store A has the rug for $45 with a 10% discount. Store B has the same rug for $46 and is off
    12·1 answer
  • Ordonez Lumber Yard has a current accounts receivable balance of $442,016. Credit sales for the year just ended were $9,358,610.
    9·1 answer
  • The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b
    7·2 answers
  • The Company establishes a $480 petty cash fund on September 9. On September 30, the fund shows $265 in cash along with receipts
    15·1 answer
  • The __________________ style of leadership is described as one who involves employees in decision making, delegates authority an
    7·1 answer
  • The cost of issuing new common stock is calculated the same way as the cost of raising equity capital from retained earnings. Fa
    13·1 answer
  • Amazon works with four different vendors to package and send magazines to customers. We want to identify the top three vendors.R
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!