The monthly expenses acquired when running a business are called...?

In its income statement for the year ended December 31, 2017, Crane Company reported the following condensed data. Salaries and

Westkost [7]

Answer:

NET INCOME = $180,067

Explanation:

CRANE COMPANY

Income statement for the year ended December 31, 2017

PARTICULARS $ $

Sales

Sales Revenue 3,646,500

Less Sales Discount 264,000

Net Sales 3,382,500

Cost of Goods Sold 1,628,550

Gross Profit 1,753,950

Operating Expenses

Salary and wages Expenses 767,250

Utility expenses 181,500

Depreciation Expenses 511,500

Total Operating Expenses 1,460,250

Income from operation 293,700

Add: Other Revenue

Interest Revenue 107,250

400,950

Less: Other expenses and losses

Interest expenses 41,250

Loss on disposal of plant assets 137,775 (179,025)

Income before income taxes 221,925

Income Expenses Tax 41,250

NET INCOME $180,067

3 0

3 years ago

What is the definition of the word bureaucracy? question 2 options: a group of officials who help run a government or other orga

salantis [7]

In Bureaucracy, the state officials make the majority of important decisions. Option a) further explain it.

<h3>What do you mean by bureaucracy? </h3>

It is a form of government in which state officials, rather than elected representatives, make the majority of important decisions.

A bureaucracy is a group of officials who assist in the administration of a government or other organization.

Therefore, option a) explains bureaucracy.

Learn more about bureaucracy here:

brainly.com/question/423656

7 0

2 years ago

A company has quick assets of $ 300,000 and current liabilities of $ 150,000 . The company purchased $ 50,000 in inventory on cr

anzhelika [568]

A company has quick assets of $ 300,000 and current liabilities of $ 150,000. The company purchased $ 50,000 in inventory on credit. After the purchase, the quick ratio would be d. 1.75.

Inventory refers to all of the gadgets, items, products, and materials held with the aid of a commercial enterprise for selling within the marketplace to earn a profit. instance: If a newspaper supplier makes use of an automobile to supply newspapers to the customers, handiest the newspaper may be taken into consideration in inventory. The vehicle can be dealt with as an asset.

Inventory is an asset due to the fact a company invests money in it that it then converts into sales while it sells the inventory. stock that doesn't promote as quickly as anticipated may become a liability.

The principle feature of stock is to offer operations with ongoing delivery of materials. To gain this feature correctly, your enterprise has to attempt to discover a sweet spot between an excessive amount and too little, without ever going for walks out of inventory.

quick assets = 300000

quick liablities= 150000

inventory on credit

quick assets = 350000

quick liablities= 200000

quick ratio = 350000/200000

= 1.75

Learn more about inventory here brainly.com/question/25947903

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6 0

2 years ago

A seller wants to net $100,000 after paying the broker 5% and paying off his loan balance of $200,000. He will also pay document

mr_godi [17]

Answer: $318,000

Explanation:

The amount that the property must sell to cover all costs and net the seller his desired amount would be:

= ($100,000 + $200,000 + $2100) / (100% - 5%)

= $302,100 / 95%

= $302,100 / 0.95

= $318,000.

4 0

3 years ago

Managers are constantly seeking out new tools to meet new challenges. indicate which tool is more or less popular among today's

11111nata11111 [884]

I would say that today's managers would most likely use the tool of teamwork in their employee relations as that is the model in university and colleges now to do projects in a team and acknowledging that no one person has a monopoly on all the knowledge required to complete a project the wise manager will pool the resources and become mainly a co-ordinator and facilitator for the current team for a particular project. Many different skills, trades and professions can be on a team ie electrician, geologist, pipefitter etc.

5 0

4 years ago