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2 years ago

8

At the end of its first month of operations, a company reported Revenue of $37,000. It also reported Wages Expense, $6,000; Rent

Expense, $5,000; and Utilities Expense, $1,000. Calculate net income reported on the income statement at month-end.

1 answer:

Alexxx [7]2 years ago

8 0

Net income = Total revenues — Total expenses

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If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18

love history [14]

The answer is $736.96
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where p=360 , y=18 (years) , i-0.04 , q=4 (quarterly compounding)
W=360(1+.01)*72
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3 years ago

Read 2 more answers

Suppose only two countries existed in the world. Country A imported $200 million worth of goods and services from Country B. Cou

tigry1 [53]

Answer:

C. Country A equals –$100 million.

Explanation:

Imports from Country B to Country A = $200 million

Imports from Country A to Country B = $100 million

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Net exports is the difference between exports and import for a country.

Net exports for country A = $100 million - $200 million = - $100 million

Net exports for country B = $200 million - $100 million = $100 million

Right option is C. Country A equals –$100 million. Country's A export is less than it's import.

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3 years ago

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Nikitich [7]

The thing which senior managers engage in when they structure the organizational relationships to work cooperatively to achieve goals is:

Efficiency and Effectiveness.

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This refers to the ability to perform a task or tasks quickly, accurately and with minimal error.

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Read more about efficiency here:
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2 years ago

"what is the difference between a credit card and a debit card? why are credit cards considerably more popular with u.s. consume

Y_Kistochka [10]

The difference between credit card and a debit card is that:
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3 years ago

Consider the following items:

Arada [10]

Answer: Long-term assets are assets with a duration of more than one year. From the list the parties classified as long-term assets are three:

- Land

- Buildings

-Equipment

The rest of the games are classified as:

Accounts receivable (short-term assets)

Notes payable (due in three years) (Long-term liabilities)

Accounts payable (Short-term liabilities)

Retained Revenue (Equity)

Prepaid rental (Short-term assets)

Unearned Renvenue (Short-term liabilities)

Notes payable (due in six months) (Short Term Liabilities)

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3 years ago