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zubka84 [21]
2 years ago
13

Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000. Wh

at is Ben's Net Income for the last quarter?
Business
1 answer:
rewona [7]2 years ago
7 0

Answer:

$3,425

Explanation:

took the test

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Using an end-of-period spreadsheet, the flow of accounting information moves from the a.financial statements to the adjusted tri
ololo11 [35]

Answer:

C. adjusted trial balance to the financial statements.

Explanation:

The end-of-period spreadsheet can be regarded as accounting tools used in summarizing the movement of transactions that has been carried out throughout an accounting period. It is a tools that give representation of the end of the current accounting period.

permanent accounts that been found

the balance sheet, which are not not closed are been consisted by The post-closing trial balance.

It should be noted that Using an end-of-period spreadsheet, the flow of accounting information moves from the

adjusted trial balance to the financial statements.

3 0
3 years ago
Suppose that the government decides to charge cola consumers an excise tax. Before the tax, the market is in equilibrium, where
Hitman42 [59]

Answer:

The answer is: The excise tax on cola beverages is $2 per case.

Explanation:

Excise taxes are taxes levied on certain goods or services.

In this case the price of cola beverages is $4 per case, since excise taxes are included in the price of the product, then the excise tax on cola beverages = price paid by consumers - price received by producers = $4 - $2 = $2

8 0
3 years ago
You are the newly appointed sales manager of the Rock Record Company and have been charged with the task of increasing revenues.
djyliett [7]

Answer:

increase the price of our products or services.

Explanation:

When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.

7 0
3 years ago
Melrose Company has an investment in bonds issued by Roscoe Industries that are classified as available-for-sale securities. The
Andrews [41]

Answer:

c. Debit to Fair value adjustment for $30,000

Explanation:

The first step of accounting process is Journal entry and it is made to record the transactions for process of book keeping, it defines the accounts involved and effects of  transactions on the account by debit or credit.

As the bond price is amortized earlier by 5,000 then its net realizable value was $195,000 ( $200,000 - $5,000 ). on December 31, year 3 the fair value adjusted to $225,000. so the adjusted value will be $30,000 ( $225,000 - $195,000 ). The journal entry is as follow  

                                                                    Dr.               Cr.

Dec 31, year 3

Fair value adjustment account              30000

Unrealized gain on available for sale securities        30000

4 0
3 years ago
Let's say the intended audience for your historical analysis essay about the legal battle for women's suffrage is a group of civ
Leya [2.2K]

Answer:

In the event that I go to a social equality promotion gathering, I will be an expert in my view to characterize the lawful foundation of the constitution and the nineteenth amendment. I'll give the standard to add alteration to stating "as you most likely are aware" to abstain from misunderstanding with them.I additionally utilize propelled phrasing to present to legal counselors. Let me quickly outline the ladies rights development for secondary school understudies and afterward disclose how to fix it. I additionally utilize less modern words to assist understudies with dodging disarray. In the two gatherings I might want to incorporate the fix procedure in light of the fact that the introduction is proposed and regardless of whether a few gatherings definitely know data, it is a significant piece of the introducing time.

5 0
3 years ago
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