Option D , 15,100
Solution:
The formula for net income is calculated through total expenditures subtracted from total revenues.
Net Income = Service Revenue - Salary Expense - Repairs Expense - Supplies Expense - Gasoline expense
= $22,800-$4,500-$800-$1,600-$800
= $15,100
Net Income = $15,100
<h3>An LLC also known as a Limited Liability Corporation is a type of business often pays similar taxes as that of a sole proprietorship or a partnership depending on whether there are one or more members. An LLC is normally formed by one or more people and they are given an EIN number which is their business ID number whereas a sole proprietor will use their social security number as their business ID number. </h3>
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Answer:
The statement is: False.
Explanation:
Many people have the wrong idea that writing long paragraphs is better to provide a more professional look to a study or report. However, in business especially, the optimal rule to follow is to be short and concise. Managers need information that will help them make decisions. Thus, the data provided must give clear conclusions from where the decisions can be taken. Wordy reports seem unuseful for that purpose.
Answer: C. changes in unit selling prices.
Explanation:
The options given are:
a. the total flexible budget variance
b. the total static budget variance
c. changes in unit selling prices
d. changes in the number of units sold
Based on the information given, the variance can be wholly explained by changes in unit selling prices.
This is due to the fact that the flexible budget revenue variance is calculated and gotten as the difference between the budgeted revenue and the actual revenue at thesame activity level.
Therefore, the number of units will be thesame in both the actual results and the flexble budget. Then, the difference will be as a result of the change in the unit selling price.
Answer:
$3.68 per bag for bagels; $1.30 per package for cream cheese
Explanation:
In this question we have to assume the things
Like Baggles be X
And. the cream cheese be Y
So, there are two equations which are presented below:
2X + 3Y = $11.25
5X + 2Y = $21
To find out the X and Y value we have to equate the both equations. So, we multiplied by 5 and multiplied by 2 in equation 1 and 2
So, the updated equation would be
10X + 15Y = $56.25
10X + 4Y = $42
Now subtract it, so the value would be
11Y = $14.25
Y = $1.30 per bag
Now put this Y value in any equation
2X + 3Y = $11.25
2X + 3 × $1.30 = $11.25
2X + $3.9= $11.25
2X = $7.35
X = $3.68 per package
