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
navik [9.2K]
3 years ago
7

Equipment costing $37,200 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,200 per year.

On June 30, the company lends its chief financial officer $42,000; principal and interest at 5% are due in one year. On October 1, the company receives $12,800 from a customer for a one-year property insurance policy. Deferred Revenue is credited. Required: Indicated by how much net income in the income statement is higher or lower if the adjustment is not recorded. (Do not round intermediate calculations.)
Business
1 answer:
mr Goodwill [35]3 years ago
3 0

Answer:

$16000

Explanation:

You might be interested in
Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to
shepuryov [24]

Answer:

Benefits that are of most prominent incentive to the employees and to the organization are as per the following:  

  • The employees are obligated to get benefits that are variable and are a piece of salary bundle. These can incorporate house lease remittance, travel recompense, training stipend and advancement of the worker youngster and so forth.  
  • Health, life and handicap benefits likewise to be incorporated into the salary. Phone recompense if the activity requires making a great deal of calls to different clients.  
  • The firm ought to likewise give paid leaves and occasions to the employees to reproduce and revive their psychological capacity.

4 0
3 years ago
To maximize utility, a consumer should allocate money income so that the Multiple ChoiceA) elasticity of demand on all products
ikadub [295]

Answer:

D) Marginal utility of the last unit of each product consumed is the same.

Explanation:

To maximize utility with a given income constraint, a consumer must chose products to maximize utility. This can be done so that each extra dollar, which is the marginal income, spent on each of these products yields the equal marginal utility. For example if one product yields more marginal utility per marginal dollar spent, the consumer should reallocate their income so they consume more of this product and less of others, so much so that the utility derived from this product equals utility derived from other products.

Utility is maximized when these marginal utilities per marginal dollar spent coincide.

Hope that helps.

6 0
3 years ago
A(n) ________ underwrites new issues of securities for corporations, states, and municipalities needed to raise money in the cap
xxMikexx [17]

Answer:

Non Banking Institutions (Investment Bank)

Explanation:

Non Banking Institutions (Investment Bank) do not have a full banking licence and are not usually supervised by a national or international banking regulatory agency.

NBIs facilitate investment, market brokerage, contractual savings and risk pooling.

Non Bank Institutions provide avenues for transforming an economy's savings to capital investment.

One way they do this is by underwriting new issues of securities for corporations, states, and municipalities needed to raise money in the capital markets.

8 0
3 years ago
________ reports assists managers in planning and polciy formulation. The reports shows areas of growth or concentration. A. Cos
Art [367]

Answer:

The correct answer is letter "B": Information.

Explanation:

Information reports provide managers with valuable data that allows executives to make decisions. The data portrayed to managers is usually brief including key points of the current company's performance and numerical data such as percentages or ratios. Informational reports in most cases are feeds of earnings, profits, costs, and corporate losses.

7 0
3 years ago
Safety is a key concern at most industries, but it is especially important at BigBoom Fireworks Factory. Employees must use care
Setler79 [48]

Answer: Bureaucratic control

Explanation: Bureaucratic control is a method of controlling employees behavior in an organization by setting laid down rules and operational behaviors to be observed by the workers of the firm.

The organization in the question set some standardized safety rules to be followed by its workers, therefore the control measure applied is bureaucratic.

7 0
3 years ago
Other questions:
  • Exceptionally large harvests of wheat or corn often result in farmers having lower total incomes for that season despite the inc
    7·1 answer
  • According to the text, for an entrepreneurial start-up to be successful, three ingredients are critical. What are they? Group of
    14·1 answer
  • A company did a comprehensive examination of how pit crews in an auto race work to quickly get a racecar into the pit area, gas
    12·1 answer
  • These often managerial level decisions occur in situations in which a few established processes help to evaluate potential solut
    9·1 answer
  • "______ accounting uses adjusting entries to reflect economic reality even when there is _______ involved in the transaction. Th
    8·1 answer
  • Is it possible that a person might be an effective leader in one situation but not in another
    7·1 answer
  • Good internal controls over the write-off of uncollectible accounts include appropriate review of ________ by management to ensu
    15·1 answer
  • Before Pepsi-Cola stamped freshness dates on its cans, few consumers considered cola freshness an issue. After Pepsi spent about
    10·1 answer
  • If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double
    12·1 answer
  • Juul’s ceo was forced to quickly respond to the increased scrutiny the company was facing. Which decision-making style allows se
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!