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
Brrunno [24]
3 years ago
11

The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2:

Business
1 answer:
spayn [35]3 years ago
5 0

The Income Statement is $18,500

Construction of Baker income statement

Revenue  

Service Revenue         $65,200  

Total Revenue         $65,200

Expenses  

Other operating expenses        $41,000  

Supplies Expense              $1,100  

Insurance expense           $2,100  

Rent Expense           $2,500  

Total Expenses         $46,700

Net Income          $18,500

($65,200-$46,700)

Inconclusion the Income Statement is $18,500

Learn more about Income statement here:

brainly.com/question/14308954

You might be interested in
Halverstein Company's outstanding stock consists of 9,450 shares of cumulative 5% preferred stock with a $10 par value and 4,050
Vsevolod [243]

Answer:

e. $6,000 preferred; $0 common.

Explanation:

The Preference Stock holders hold first preference during payment of dividends followed by the Common Stockholders.

Note also that Cumulative Preference Stock can have their dividends accumulated and paid in the latter years when funds become available.

Amount of Preference Stock dividend is fixed and calculated as follows:

9,450 shares × $10 × 5% = $ 4,725

2015

Cash dividends                                  = $0

Preference Stock dividend Paid      = $0

Preference Stock dividend Arrears = $ 4,725

No Common Stock Dividend

2016

Cash dividends                                  = $6,000

Preference Stock dividend Paid      = $6,000

Preference Stock dividend Arrears = $ 3,450

No Common Stock Dividend

4 0
3 years ago
Marginal utility is the: select one:
garri49 [273]

Marginal utility is the <u>"change in total utility obtained by consuming one more unit of a good".</u>

Marginal utility evaluates the additional satisfaction a customer earns from consuming extra units of products or services. The idea of marginal utility is utilized by economists to decide the amount of a thing buyers are happy to buy. Positive peripheral utility happens when the utilization of an extra thing builds the total utility, while negative marginal utility occurs when the utilization of an extra thing diminishes the total utility.  

3 0
3 years ago
All quality social media creation for a business has some cost attached to it, therefore business managers have many factors the
BartSMP [9]

Answer: media share site

Explanation: In other to promote business growth, most businesses have tapped into the use of social media which enables business to reach a very large audience all over the world within a very short span of time. The media sharing sites refers to a website which gives users the privilege to store and share digital contents such as pictures, videos and other media content with others. Platforms such as Instagram, Vine, Flickr, and so on. Media sharing sites offers the ability to share contents with a others around the world through a website which is accessible from anywhere in the world. In selecting a media sharing site however, one must consider the content act or creator, distribution and cost.

6 0
4 years ago
Felipe's uncle owns a large manufacturing business with offices in three states. This type of business would BEST be described a
lesya692 [45]

The type of business that the uncle is said to have would be described as an entrepreneurial business.

<h3>What is an entrepreneurship?</h3>

This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.

The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.

Read more on entrepreneurship here: brainly.com/question/353543

#SPJ1

3 0
2 years ago
The assets that you currently own are known as which of the following? A. Credit B. Capital C. Capacity D. Collateral
iren [92.7K]
"B. Capital A capital asset is defined to include property of any kind held by an assessee, whether connected with their business or profession or not connected with their business or profession. It includes all kinds of property, movable or immovable, tangible or intangible, fixed or circulating."
3 0
3 years ago
Other questions:
  • Step 2: What factor is used<br>miles per minute?​
    7·1 answer
  • What document is used to make adjustments to an existing sales contract?
    10·1 answer
  • Making a down payment will _____. Select the best answer from the choices provided. A. decrease the interest rate on a loan B. i
    11·1 answer
  • Ben and his wife jenny have a disagreement over what kinds of investments they should make for long term financial security. ben
    13·2 answers
  • The institution-based view driving alliances and acquisitions focuses on _____ concerns.
    13·1 answer
  • The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy is in th
    6·1 answer
  • Jack’s Snow Removal Company received a cash advance of $14,700 on December 1, Year 1 to provide services during the months of De
    13·1 answer
  • Explain how organizational culture molds the thinking and outlook of those participating in criminal justice. Specifically ident
    8·1 answer
  • Armen has been sent to build a factory in a small village. When he arrives, Armen finds that the employees he will be managing s
    5·1 answer
  • The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.5 hours
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!