Answer:
Net Income for the year is $23,175
Explanation:
The Company's income Statement is prepared below. In relation to the following please note that:
- Total Revenue is considered Section A while Total Expense is Section B and the Net Income is the difference of the same (A - B).
<u>Income Statement on December 31st:</u>
HOME REALTY, CORPORATION
Income statement
For period ended December 31st
Revenue $
Sales Revenue 166,000
Other Revenue -
Total Revenue (A) 166,000
Expenses: $
Salaries and Wages Expense 97,000
Interest Expense 6,300
Advertising Expenses 9,025
Income Tax Expense 18,500
Dividends 12,000
Total Expenses (B) 142,825
Net Income (A-B) $23,175
I personally don't like them AT all
Answer:
This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".
Explanation:
Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.
Answer: A
Explanation:
Balance sheet report the financial position for a specific period
Answer:
d. Design utilization is 66%.
Explanation:
If the clinic gave flu shots to 330 seniors over ten hours, that's an average of 33 seniors per hour, comparing to the design capacity and effective capicity gives:
Therefore, Design utilization is 66% and Effective utilization is 75% so the answer is D.
