Answer:
$23,500
Explanation:
Net income is arrived at by deducting relevant expenses for the year from the gross income for the year. In this question, sales income is used to represent gross income. The net income can therefore be calculated as follows:
Net Income = Sales income - Expenses other than rent and interest - Rent - Interest
Net Income = $66,000 - $40,000 - [$45,000 × (1/18)] - 0
= $66,000 - $40,000 - $2,500 - 0
= $23,500
Therefore, net income is Yolanda's net income $23,500.
Note that [$45,000 × (1/18)] is used to calculate rent for only one which is December of the calendar year since the rent was paid for 18 months.
<span>These would be work in-progress inventory. They are further along in production than the basic raw materials, but are not completed to the point where they could be put out for sale as finished goods. They are still requiring some work to get to this point.</span>
Instrumentality.
Since Rick believes that working hard will result in better incentives and his attitude towards these incentives is not known, we can say that in the context of expectancy theory of motivation, that this scenario best reflects the factor of <u>instrumentality</u>.
Vroom's expectancy theory of motivation attempts to explain that people choose to perform certain actions over other in a manner that aims to maximize pleasure and reduce pain to lowest possible extent.
There are three factors that affect motivation : expectancy, instrumentality and valence.
Expectancy : refers to the belief of working harder with the expectation of attaining the goals set within an organization.
Instrumentality : refers to the belief that one will be rewarded if certain goals are met. These rewards may take the form of increased wages, recognition, increased incentives etc.
Valence: refers to the value attached by the worker to the reward that has been attained.
The business plan is the blueprint for your business. If you wanted to build a house, you wouldn't walk over to an empty lot and just start nailing boards together. Starting a business without a business plan is just as risky.
hope this helps :)
Answer: Generally Accepted Accounting Principles (GAAP or US GAAP) are a collection of commonly-followed accounting rules and standards for financial reporting
Explaination .: hope this is what you were looking for
