Answer:
Net income -$39,713
Explanation:
The computation of the net income is shown below:
Sales $174,442 {6,200 × (1 - 2%) × $29 × (1 - 1%)}
Less:
Variable cost $68,841 {6,200 × (1 - 2%) × $11 × (1 + 3%)}
Fixed cost $87,870 {$87,000 × (1 + 1%)}
Depreciation expense $68,000
Earning before interest and taxes - $50,269
Less: Income tax expense at 21% -$10,557
Net income -$39,713
We simply deduct all the expenses from the sales revenue so that the net income could come
Answer:
Recognize the assessments as assessments receivable and revenue.
Explanation:
Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.
This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.
But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.
<span>The market structure for which economists have the least precise model of price determination is oligopoly.
</span><span><span>Oligopoly is a market structure in which a small number of firms has the large majority of market share.</span></span>
Answer:A proper office layout is the key to a high performance office. This means both good performance from your employees but also your business. Companies that have a great culture are highly sought after by prospective employees and can provide a competitive advantage in both hiring and retaining staff.
Explanation:
