Answer:
$10,000
Explanation:
A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.
For Martinville, income will be calculated first before dividends are paid. Net income will be
=revenue - expenses
=$17,000 -$7,000
=$10,000
Balance in the Income Summary account was $10,000
Answer:
a. will have access to experts who can decide international trade disputes.
Explanation:
The answer is Communication
Answer:
a. Variable cost
Explanation:
Variable cost -
It refers to the amount of money which increases or decreases with the production output , is referred to as variable cost .
Variable cost is directly proportional to the production .
For example , the cost of raw material increases as the production of the output increases .
In numerical terms , the variable cost is the sum of the marginal cost over the total units .
The summation of the fixed cost and variable cost gives the total cost .
Hence , from the given scenario of the question ,
The correct option is a. Variable cost .
