Answer:
net income = $106,000
Explanation:
net income = total revenues - total expenses = $772,000 - $666,000 = $106,000
Any additional capital raised will increase the company's cash flows (financing activity) and any dividends distributed will decrease them (another financing activity), but they do not affect the company's net income.
Answer:
1.267 = Overhead Rate
Explanation:
<em>As general approach,</em> the manufacturing rate, along with any rate is done by dividing the cost by a cost driver.
In this case teh cost is the manufacturing overhead and the cost driver the direct materials cost:
<em>Using Direct Materials cost, the rate would be:</em>
Answer:
C
Explanation:
because of the word "environmentalism" which gives meaning and purpose to the term as a group or movement.
Answer:
C. Capital Loss
Explanation:
When the selling price of an asset like bonds etc exceeds it purchase price then the capital profit will be the difference between sale and purchase price.
But if the purchase price is greater than the sale price the difference is called Capital loss.
Example: if we buy 100 shares for $20 each and after a year sell them for $ 18 then the difference is called the capital loss.
Answer:
Option (a) is correct.
Explanation:
Amount paid for house three years ago = $85,000
Selling price of house today = $110,000
Therefore,
Property appreciated by following percentage:
= (change in value ÷ Amount paid for house three years ago) × 100
= [($110,000 - $85,000) ÷ $85,000] × 100
= ($25,000 ÷ $85,000) × 100
= 0.2941 × 100
= 29.41%
