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navik [9.2K]
2 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]2 years ago
3 0

Answer:

$16000

Explanation:

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Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishi
nexus9112 [7]

Answer:

Explanation:

For computing the  cost of inventorying, we have to apply the formula which is shown below:

= Total costs ÷ Number of items

1. Cost of inventorying = Total costs ÷ Number of items

                                     = $125 ÷ 100 items

                                     = $1.25

Total cost = $100 + $25 = $125

2. Cost of inventorying = Total costs ÷ Number of items

                                     = $150 ÷ 150 items

                                     = $1

Total cost = $100 + $25 + $25 = $150

3. Cost of inventorying = Total costs ÷ Number of items

                                     = $175 ÷ 160 items

                                     = $1.10

Total cost = $100 + $25 + $25 + $25 = $175

$25 is the each worker pay

To minimize the cost we required two workers as the cost of inventorying is lesser than other two.

3 0
2 years ago
consumption vs. saving. Do you think these preferences are more influenced by advertisements for products that are consumable to
Sergio039 [100]

Answer:

Consumption is influenced by advertisements for products that are consumable today and savings from ads that advocate in investing tomorrow.

Explanation:

Both are important to run the circular flow of economy. If a person invests savings on a product, so there should be someone to consume it, this will help in achieving equilibrium point between aggregate demand and aggregate supply.

Increase in one shall result in decrease in other and in both cases either there will be more products to be consumed rather than the actual consumption resulting in surplus if there is excess saving or vice versa .

7 0
3 years ago
You are mailing invitations to new medicare beneficiaries for a marketing event. You want an idea of how many people to expect,
FromTheMoon [43]

If you want an idea of how many people to expect, so you would like to request rsvps. What you should you keep in mind is:  You can request  for RSVPs, but you are not permitted to require contact information.

<h3>What is Medicare?</h3>

Medicare can be defined as a medical coverage that help to cover medical expenses of the people under the plan.

Hence, Based on the scenario what should have he mind if you want to have a clue of the number of people to expect is that you can request for RSVP but you cannot  obtain the contact details.

Learn more about Medicare here:brainly.com/question/26982947

#SPJ1

5 0
1 year ago
What type of asset is rental income?
Jobisdone [24]

Answer:

In most cases rental property should be reported as an investment asset. Since, the property most likely a duplex or triplex housing is used in your business to generate income it would be considered a business asset.

Explanation:

6 0
2 years ago
Suppose the real exchange rate of 105 Japanese yen to the dollar moves to 115 yen to the dollar. The dollar has ________________
In-s [12.5K]

Suppose the real exchange rate of 105 Japanese yen to the dollar moves to 115 yen to the dollar. The dollar has appreciated, making Japanese goods less expensive for Americans.

The nominal exchange rate (the price in dollars of one euro, for example) and the ratio of prices in the two nations are the ingredients that make up the real exchange rate (RER) between two currencies.

The cost of imported goods is significantly influenced by exchange rates. You will typically spend much more for international goods when your own currency is weaker. As a corollary, a stronger home currency may somewhat lower the cost of imports.

Learn more about real exchange rate here

brainly.com/question/14057806

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8 0
2 years ago
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