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Andre45 [30]
2 years ago
7

Blue Spruce Corp. started the year with total assets of $304000 and total liabilities of $244000. During the year the business r

ecorded $630000 in revenues, $325000 in expenses, and dividends of $61000. The net income reported by Blue Spruce Corp. for the year was:_____________
Business
1 answer:
erma4kov [3.2K]2 years ago
3 0

Answer:

$305,000

Explanation:

Net income is the amount of money available to a company after the deduction of expenses from revenue. It is calculated as;

Net income = Revenues - Expenses

Given that;

Revenues = $630,000

Expenses = $325,000

Net income = $630,000 - $325,000

Net income = $305,000

Therefore the net income reported by Blue Spruce Corp. For the year is $305,000

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tensa zangetsu [6.8K]

Answer:

The correct answer to the following question is work teams.

Explanation:

A work team can be defined as a team where a number of employees would work together ( maybe semi autonomously ) on a task. This type of team would be most useful when there is a constant change in job content and employees are unable to cope with it , so they work in a team . Members of the team would meet regularly to exchange information with each other regarding topic, they would propose new ideas, evaluate  changes , give feedback etc.

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3 years ago
In a contingent contract
Korvikt [17]

Answer:

C. the payoffs are dependent upon another​ variable, such as revenue or profit.

Explanation:

Contingent contracts are one of the types of contracts in which the promisor offers the responsibility only when the distinct conditions are satisfied. It works on the occurrence or non-occurance of the specific event. It relies on the happening of an unpredictable event. The contingent contract becomes void in the case when the happening of the event grows impossible.

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3 years ago
Under which one of the following circumstances can an MRP system be used to its best advantage?
Drupady [299]

Answer:C. When the item demand is constant

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A constant demand will help to determine perfectly when material is needed.

5 0
3 years ago
In the best-selling book, Good to Great, the author examined the characteristics of eleven successful companies by studying the
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Answer: Case Study. Hope I helped <3
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3 years ago
Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service lif
Yuki888 [10]

Answer:

$11000

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= ($60000 - $5000) / 5 = $11000

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