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2 years ago

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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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Which of the following is a difference between customized services and standardized services?

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Answer:

The correct answer is the letter a. Standardized services are more efficient and cost less than personalized services.

Explanation:

The personalized services are those provided according to the characteristics of each person, that is, we seek to individualize the service to meet customer needs. Standardized services refer to services provided equally to all customers, not seeking individualization. In this respect, standardized services are more efficient and cost less, as the individual cost of service does not change, leading to lower costs as the quantity of services sold increases.

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Answer: a. Purchases, cash payments, and general

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The accounts payable ledger is also referred to as the creditors ledger because it shows the amount that a company owes its suppliers.

The purchase journal shows the record for the goods that a particular company buys on credit. Cash payments journal shows the transactions which the business pays in cash. The general journal shows business transactions when they take place.

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3 years ago

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Earnings per share = $1.71 (Rounded off)

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Learn more about the Word Processing Software here:

brainly.com/question/20910519

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2 years ago