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sveta [45]
3 years ago
12

The income statement of Sheridan Company for the month of July shows net income of $3,480 based on Service Revenue $7,890, Salar

ies and Wages Expense $2,860, Supplies Expense $940, and Utilities Expense $610. In reviewing the statement, you discover the following:
1. Insurance expired during July of $470 was omitted.
2. Supplies expense includes $410 of supplies that are still on hand at July 31.
3. Depreciation on equipment of $150 was omitted.
4. Accrued but unpaid wages at July 31 of $320 were not included.
5. Service performed but unrecorded totaled $640.
Prepare a correct income statement for July 2014.
Business
1 answer:
ANEK [815]3 years ago
8 0

Answer:

what do u want from me monq I told you bye so bye mean bye

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When closing a direct request, you should be sure to​
REY [17]

Answer:

When closing a direct request, you should be sure to​ include the times limits involved in your request.

Explanation:

In a business situation, where there is a lot of interaction in the business environment, information needs to be passed in such a way that it is clear and complete in the shortest amount of time. This means that good communication techniques are needed to ensure that the information is delivered and received in a clear and timely manner. One type of a form of communication technique is a direct request. A direct request is a type of communication where the person making the request is in direct contact with the receiver of the request. There are techniques that can be applied to ensure effective delivery of the information. These techniques are;

1. Let it be clear who you are talking to

2. Make the request clear and brief

3. Be sure to ask if there are any clarifications to the request

4. When closing the request be sure to include the time limits for which you want the request to be completed

5. Monitor the progress if the request was completed and correct where necessary

3 0
3 years ago
A pound of steak costs $10 in the U.S. and 56.25 riyals (the currency of Saudi Arabia) in Saudi Arabia. If the real exchange rat
Firlakuza [10]

Answer: 3.75 Riyals / USD

Explanation:

The Real Exchange rate is different from the Nominal exchange rate as it takes into account, the differences between the 2 nations being compared in terms of prices of goods and services.

As such it can be used to calculate the Nominal rate;

Real Exchange Rate = (Cost in U.S. x Nominal Exchange Rate) / Cost in Saudi Arabia

2/3 = (10 x Nominal Exchange Rate) / 56.25

2/3 x 56.25 = 10 x Nominal Exchange Rate

10 x Nominal Exchange Rate = 37.50

Nominal Exchange Rate = 37.50 / 10

Nominal Exchange Rate = 3.75 Riyals / USD

<em />

<em>The nominal exchange rate is 3.75 Riyals for every $1. </em>

5 0
3 years ago
Your college newspaper, The Collegiate Investigator, has fixed production costs of $76 per edition and marginal printing and dis
REY [17]

Answer:

Associated cost = 0.42x + 76

Revenue = $0.62x

Profit  function = 0.20x - 76

Explanation:

Data provided in the question:

Fixed production costs = $76 per edition

Marginal printing and distribution costs = 42¢ per copy = $0.42

Selling cost = 62¢ per copy. = $0.62

Now,

Associated cost = mx + b

here,

m is the marginal cost

x is the number of copies

b is the fixed cost

Thus,

Associated cost = 0.42x + 76

Revenue = Selling cost × Number of copies

= $0.62x

Profit  function = Revenue - Associated cost

= $0.62x - ( 0.42x + 76 )

= $0.62x - 0.42x - 76

= 0.20x - 76

4 0
3 years ago
A municipality considering measure to decrease local air pollution would achieve the largest decrease from
dimulka [17.4K]
<span>A municipality considering measure to decrease local air pollution would achieve the largest decrease from switching vehicles that run in the city from gasoline to natural gas. 

If they were to do this, the gasoline usage for the large vehicles that are constantly running in service would drop. The natural gas would then replace it and lesson the pollution in the air. </span>
7 0
3 years ago
Suppose that disposable income, consumption, and saving in some country are $800 billion, $700 billion, and $100 billion, respec
Black_prince [1.1K]

Answer:

MPC = 0.7

MPS = 0.3

APC before the increase in disposable income = 0.875

APC after the increase in disposable income = 0.859

Explanation:

Given that,

Disposable income = $800 billion

Consumption = $700 billion

Savings = $100 billion

Further,

Disposable income increases by $80 billion

Consumption rises by $56 billion

Saving goes up by $24 billion

Therefore,

Marginal propensity to consume(MPC):

= Change in consumption level ÷ Change in disposable income

= $56 billion ÷ $80 billion

= 0.7

So, Marginal propensity to save = 1 - MPC

                                                      = 1 - 0.7

                                                      = 0.3

Average propensity to consume(Before increase in disposable income):

= Consumption ÷ Disposable income

= $700 billion ÷ $800 billion

= 0.875

Average propensity to consume(After increase in disposable income):

= Consumption ÷ Disposable income

= ($700 + $56) billion ÷ ($800 + $80) billion

= $756 billion ÷ $880

= 0.859

3 0
3 years ago
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