1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
loris [4]
3 years ago
14

Healy Corporation recorded service revenues of $200,000 in 2014, of which $80,000 were on credit and $120,000 were for cash. Mor

eover, of the $80,000 credit sales for 2014, Healy collected $20,000 cash on those receivables before year-end 2014. The company also paid $40,000 cash for 2014 wages. Its employees also earned another $20,000 in wages for 2014, which were not yet paid at year-end 2014.
Compute the company’s net income for 2014.
Business
2 answers:
Luba_88 [7]3 years ago
6 0

Answer:

$140,000

Explanation:

Computation of the company’s net income for 2014.

Using this formula

Net income=Revenue – Expenses

Let plug in the formula

Net income=$200,000 - $40,000+$20,000

Net income= $140,000

Therefore the company’s net income for 2014 will be $140,000

vichka [17]3 years ago
3 0

Answer:

$140,000

Explanation:

You might be interested in
Whispering Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures w
HACTEHA [7]

Answer and Explanation:

The weighted-average accumulated expenditure method will be used to compute the interest amount to be capitalized for a qualifying asset. Then the expenditure incurred during a particular month shall be multiplied by that month's outstanding and the sum is later divided over the total months in a given period.

(Check the attachment below for the computation of Whispering’s weighted-average accumulated expenditures for interest capitalization purposes.)

Therefore, Whispering's weighted-average accumulated expenditures for interest capitalization purposes is $2,334,000.

4 0
3 years ago
A company has earnings per share of $9.90. Its dividend per share is $.65, its market price per share is $126.72, and its book v
galina1969 [7]

Answer:

The P/E ratio is 12.8.

Explanation:

The price earnings ratio or P/E ratio is a ratio that estimates the amount of money that investors are willing to invest in a company for every $1 of that company's earnings. The Price-earnings ratio is calculated by dividing the price per share by the earnings per share and is also used in the valuation of a company and its stock.

The P/E ratio is = Price per share / Earnings per share

P/E ratio = 126.72 / 9.9 = 12.8 times

8 0
3 years ago
Clothing purchased​ land, paying $ 110 comma 000 cash and signing a $ 250 comma 000 note payable. In​ addition, Alpine paid deli
insens350 [35]

Answer:

Explanation:

The journal entry is shown below:

Land A/c Dr

         To Cash A/c

         To Note payable A/c $250,000

(Being the purchase of the land is recorded)

The computation is shown below:

The cash would be

= Cash paid + delinquent property tax paid + title insurance cost + emove an unwanted building cost

= $110,000 + $1,100 + $1,550 + $5,900

= $118,550

4 0
3 years ago
A company purchased a weaving machine for $198,250. The machine has a useful life of 8 years and a residual value of $10,500. It
Crank

Answer:

the depreciation expense that should be recorded for the second year is $27,375

Explanation:

The computation of the amount of depreciation expense that should be recorded for the second year is shown below

Depreciation rate is      

= ($198,250 - $10,500) ÷ 751000    

= 0.25 per bolt    

Now Depreciation expense for the second year  

= $109,500 × .25    

= $27,375

hence, the depreciation expense that should be recorded for the second year is $27,375

4 0
3 years ago
Because investors can eliminate unsystematic risk​ "for free" by diversifying their​ portfolios, they​ ________.
Nitella [24]

D. do not require a risk premium for bearing it

5 0
3 years ago
Other questions:
  • A company planned to sell 100 canoes for the month of April at an average sales price of $600. Midway through the month, the com
    14·1 answer
  • The Nautical Corporation manufactures custom-made wood wall units. The following data pertains to Job X4A: Direct materials plac
    8·1 answer
  • When Gary objected to the high cost of the copier Wynette was suggesting his office purchase, she replied, "The initial price is
    10·1 answer
  • Violet negotiates with Urban Credit Corporation to obtain a loan for $85,000 to buy a home. During the negotiations, Urban Credi
    9·1 answer
  • A​ person's ________​ is/are the unique combination of​ emotional, thought, and behavioral patterns that affect how he or she re
    7·1 answer
  • Suppose the United States removes the sugar quotas and the market price of sugar drops. Since sugar is an input in chocolate, we
    10·1 answer
  • An installment loan _____.
    7·1 answer
  • &Isquo The long coastline of India provides it a strategic location &rsquo. Explan​
    9·1 answer
  • The bank pay for the use of money in the form of
    14·1 answer
  • Why is cvp analysis more difficult when using absorption costing than when using variable costing?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!