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3 years ago

companies' operating performances can be compared by looking at each firm's EBIT, often referred to as

Business

1 answer:

Andreas93 [3]3 years ago

4 0

Answer:

companies' operating performances can be compared by looking at each firm's EBIT, often referred to as operating income

________________________________

Operating income is the amount of profit after deduction operating expenses such as wages, depreciation, and cost of goods sold. It is essentially revenue minus fixed and variable cost.

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"what is unsolicited email that plagues employees at all levels and clogs email systems?"

Naddik [55]

Unsolicited email that plagues employees at all levels and clogs email systems is also known as spam. Spam emails are typically flooding everyone within the organization, with the same message and is usually something one would not choose to receive. The majority of spam emails that are sent out are commercial advertising which takes time away from receiving other necessary emails.

4 0

3 years ago

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to

Vlada [557]

Answer:

See explanation Section

Explanation:

Adjusting Entries

Req. A, B

A. Since the partial amount of insurance policy has been expired-

Debit Insurance Expense $3,203

Credit Prepaid Insurance $3,203

An expense will be appeared and the current assets will be decreased.

B. Debit Teaching supplies Expense $7,528

Credit Teaching supplies $7,528

As the company has $2,776 supplies available from $10,304, teaching supplies expense will appear as $7,528 = (10,304 - 2,776)

Req. C, D, and E

C. Debit Depreciation expense-equipment $12,814

Credit Accumulated depreciation-equipment $12,814

D. Debit Depreciation expense-professional library $6,407

Credit Accumulated depreciation-professional library $6,407

E. Debit Unearned revenue $5,600

Credit Service revenue $5,600

Note: Monthly fee of $2,800 from November to December. Therefore, 2 months fee = $2,800*2 = $5,600 has been earned.

Req. F, G and H

F. Debit Accounts receivable $8,750

Credit Service revenue $8,750

Note: As WTI has not yet received any payment from October 15 to December 31, there will be 2 and a half months bill due. Each month = 3,500. Therefore, 2 months = $7,000, and a half-month = $(3,500 ÷ 2) = $1,750. Total receivable = $7,000 + $1,750 = $8,750.

G. Debit Salaries expense $400

Credit Salaries payable $400

Note: As there are two employees and two days salary have been accured, total salaries payable = $100 per day × 2 employees × 2 days = $400

H. Debit Rent Expense $2,062

Credit Prepaid rent $2,062

7 0

4 years ago

Kevin plans to go to college after he graduates from high school. The tuition is $8,000 a year, and room, board, and books cost

blondinia [14]

Answer:

$30,000

Explanation:

Opportunity costs refers to the incomes or benefits a person, business or investor loses or forgone when one alternative is chosen over another.

Since Kelvin will lose earnings of $30,000 a year from a full-time job if Kevin decides to attend college, this $30,000 a year is therefore the opportunity cost.

8 0

3 years ago

What is a nonprofit corporation, and how is it different from a C corporation?

nalin [4]

Answer:

A corporation is to make profit

non-profit coorporation don't have any shareholders, so they serve a different function. Thier focus is on something other than making profit

3 0

3 years ago

Read 2 more answers

Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following i

Oxana [17]

Answer and Explanation:

The preparation of the operating activities section is shown below:

Rodriguez Company

Statement of Cash Flows (partial)

Cash flows from operating activities:

Net loss $ (6,400)

Adjustments

Add: Depreciation expenses $4,500

Add: Amortization of copyright $200

Add: Decrease in accounts receivable $5,000

Add: Increase in salaries payable $11,000

Less: Decrease in other current liabilities -$1,800

Net cash flow from operating activities $12,500

The negative sign reflects the cash outflow and the positive sign reflects the cash inflow

3 0

3 years ago