The net income of the company available for the month of September is $166,300.
<h3>What do you about net income?</h3>
Net income refers to the quantity of accounting income an organization has left over after paying off all its expenses. Net income is observed via way of means of taking income sales and subtracting COGS, SG&A, depreciation, amortization, hobby expense, taxes, and every other expense.
<u>Calculation of Net income:</u>
Service revenue $330,000
Less: Rent expense $63,000
Utilities expense $4,700
Salaries expense $96,000
Net Income $166,300
Therefore, The net income of the company available for the month of September is $166,300.
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Answer:
book value at the end of year 3 = $115,200
Explanation:
Year 1 Depreciation expense
400,000 x 20% = 80,000
Year 2 Depreciation expense
400,000 x 32% =128,000
Year 3 Depreciation expense
400,000 x 19.2% = 76,800
Book value = carrying value - depreciation for the year
or
purchase - accumulated depreciation
Melrow Inc. is engaged in<u> "outsourcing".</u>
Outsourcing is the business practice with regards to contracting a gathering outside an organization to perform benefits and make merchandise that generally were performed in-house by the organization's own workers and staff. Generally done as a cost-cutting measure, it can influence occupations extending from client support to assembling to the back office.
Outsourcing was first perceived as a business system in 1989 and turned into an essential piece of business financial matters all through the 1990s. The act of outsourcing is liable to impressive contention in numerous nations.
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