Net operating income equals (unit sales - unit sales to break even) × unit contribution margin.
What is net operating income?
Real estate professionals utilize the metric known as Net Operating Income, or NOI, to swiftly determine the profitability of a certain venture. After deducting required operational costs, NOI calculates the revenue and profitability of investment real estate property.
Is net operating income the same as profit?
After all, costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses. Contrarily, net income is the profit that is still left over after all expenses made during the time have been deducted from sales revenue.
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Answer:
New price = $108
Explanation:
Given:
Old price for cleaning = $120
New discount rate = 10% = 10 / 100 = 0.1
Computation of new price for cleaning:
New price = Old price for cleaning (1-New discount rate)
New price = 120 (1-0.1)
New price = 120 (1-0.1)
New price = $108
Journal entry
Date Account Title and Explanation Debit Credit
Cash A/c Dr. $108
Service Revenue A/c $108
(Being amount received from cleaning)
Answer:
Explanation:
Number of completed barrels = 216 + (244-216)*60%
= 233 barrels
Cost per barrel = (3245+3230)/233 = 27.8
Cost of oil shipped in pipeline = 216 * 27.8= 6003 millions
Cost of work in process ending inventory = (244-216)*60% * 27.8
= 467.04 million
In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.
<h3>Are accounts owed a debit or credit in normal balance?</h3>
Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.
Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.
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Answer: Rate buster
Explanation: Those employees that exceed their performance level beyond the agreed formal rate are called rate buster in scientific management. These are the workers who use their maximum ability while performing a job.
In the given case, Jane performs superior than her fellows even in case of difficult situations.
Hence, from the above we can conclude that Jane should be considered as a rate buster.
