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pantera1 [17]
3 years ago
14

Joan Demers launched a professional services firm on March 1. The firm will prepare financial statements at each month-end. In M

arch (its first month), Demers executed the following transactions. Demers (owner) invested in the company, $150,000 cash and $30,000 in property and equipment. The company issued common stock to Demers. The company paid $5,000 cash for rent of office furnishings and facilities for March. The company performed services for clients and immediately received $10,000 cash earned. The company performed services for clients and sent a bill for $20,000 with payment due within 60 days. The company compensated an office employee with $6,000 cash as salary for March. The company received $12,000 cash as partial payment on the amount owed from clients in the 4th transaction above. The company paid $2,000 cash in dividends to Demers (owner). What is the net operating income for the month of March
Business
1 answer:
adell [148]3 years ago
4 0

Answer:

the net operating income is $19,000

Explanation:

The computation of the net operating income is shown below:

As we know that

Net Operating Income = Revenue - Costs

= $10,000 + $20,000 - $5,000 -$6,000

= $19,000

Hence, the net operating income is $19,000

we simply deduct the cost from the revenue so that the net operating income could come

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You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and th
EastWind [94]
Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
A= P(i(1+i)^n)/((1+i)^n-1)

In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months

A.  monthly payment amount
A= P(i(1+i)^n)/((1+i)^n-1)
= 20000(.1/12(1+.1/12)^60)/((1+.1/12)^60-1)
=424.98 to the nearest cent

B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So 
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713%  (effective annual rate)

7 0
3 years ago
In "Do Not Go Gentle into That Good Night”, the speaker emphasizes that older men should fight fiercely against death. The setti
Advocard [28]

The theme of the poem is about the Bravery of the military unit .hence choice 1 is correct.

<h3>What is the summary of  The Charge of the Light Brigade?</h3>

An emotional poem, The Charge of the Light Brigade, both honors and mourns the battle's action. The concept of the valiant and gallant British soldier—one whose moral obligation was to fight for justice—emerged during the Crimean War.

Tennyson honors a military unit's bravery for charging the enemy despite insurmountable odds: they are "six hundred" against an "army."

Hence the appropriate answer is Bravery.

Learn more about The Charge of the Light Brigade:

brainly.com/question/1343588

#SPJ1

3 0
2 years ago
What are the indicators are used to carry out capital budgeting for different ventures of a company.
Kryger [21]

Answer:

The answer is below

Explanation:

The indicators that are used to carry out capital budgeting for different ventures of a company are:

1. Profitability of the project

2. Profitability for equity investors

3. Financial sustainability of the project

These essential indicators assist the firms to evaluate a future project's lifetime cash inflows and outflows to know whether the probable returns would be yielded and satisfy an adequate target goal.

4 0
3 years ago
We see quite a bit of international trade in the real world. And trade is driven by specialization. So why don’t we see full spe
Alenkasestr [34]

Answer:

e. Deterring monopoly

Explanation:

Based on the information provided within the question it can be said that the best choice would be that it is deterring monopoly. Monopolies refer to having full control of an industry and being the the only supplier or producer of a certain good. This is always bad because monopoly's are able to set whatever price they want on their products because there is no competition to steal away customers.

4 0
3 years ago
George wants to increase the number of visits to his insurance firm's website, which specializes in rental insurance for college
Vera_Pavlovna [14]

Answer:

E

Explanation:

In this question, we are to give an answer about which of the listed options would give George the optimal service for the action which he seeks to execute.

Checking the requirements of what he is trying to do, we will notice that there are some key words that are very important that he is trying to target. Now, to bring his idea into fruition, Google AdWords would provide him with the needed help.

This is because Google AdWords would look specifically at indexes using those two key words he wants to use to provide him with the results that he seeks.

5 0
3 years ago
Read 2 more answers
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