Determine the net income of a company for which the following information is available for the month of September. Service revenue$ 330,000 Rent expense63,000 Utilities expense4,700 Salaries expense96,000

Answers

Answer 1

The net income of the company available for the month of September is $166,300.    

What do you about net income?

Net income refers to the quantity of accounting income an organization has left over after paying off all its expenses. Net income is observed via way of means of taking income sales and subtracting COGS, SG&A, depreciation, amortization, hobby expense, taxes, and every other expense.

Calculation of Net income:

Service revenue                  $330,000

Less: Rent expense               $63,000

     Utilities expense                 $4,700

     Salaries expense              $96,000

Net Income                             $166,300        

Therefore, The net income of the company available for the month of September is $166,300.    

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Related Questions

Mia doesn't have any credit history, so she's going to open a secured credit card to begin building her credit. She puts down an $800 security deposit. What feature of an unsecured credit card is Mia's security deposit most like?
the APR
the term
the credit limit
the annual fee

Answers

Answer:

i think it will be A OR C

Explanation:

The APR feature of an unsecured credit card is Mia's security deposit most like. If the new card doesn't offer a cheaper annual percentage rate, there is no benefit in transferring his credit card balance from one to the other.

What ways does a secured credit card aid in building credit history?

If you consistently make on-time payments, stay out of late fees, and maintain a low balance on your secured credit card, you might be able to create or improve your credit score. Most secured credit cards will notify the three credit reporting bureaus of your payment activity.

You won't have a credit score if you haven't used credit yet. After you open your first credit line, such as a credit card or student loan, you start to develop your credit score. At that time, how you use that first credit account affects your credit score.

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Which of the following is not an example of professional behavior
?

Answers

What are the answers?

if the planned sales for the month are $70,000, the merchandise budget calls for a planned stock-to-sales ratio of 2.3, and the financial leverage is 1.1, then the planned bom inventory should be:

Answers

If the planned sales for the month are $70,000, the merchandise budget calls for a planned stock-to-sales ratio of 2.3, and the financial leverage is 1.1, then the planned bomb inventory should be $161,000.

Finance is the take look at and the subject of money, forex, and capital property. It's far related to, but now not synonymous with economics, the examination of manufacturing, distribution, and intake of cash, assets, goods, and services (the field of monetary economics bridges the 2).

Finance activities take region in economic structures at diverse scopes, for this reason, the field may be roughly divided into the private, company, and public finance. In an economic system, assets are offered, bought, or traded as economic gadgets, which include currencies, loans, bonds, shares, stocks, options, futures, and many others. Property can also be banked, invested, and insured to maximize price and minimize loss. In exercise, dangers are always found in any financial motion and entities.

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Kevin Carter Male Clothing Ltd is a chain of fashion outlets across Birmingham and the
midlands. In quarter 1 they had inflows of £540,000 across their three stores, with outflows
of £495,000. Their opening balance for the quarter was £20,000. For quarter 2 they
anticipate inflows to increase by 7.5% and outflows increase by 5%. Calculate their closing
balance for Quarter 2.

Kevin Carter Male Clothing Ltd is a chain of fashion outlets across Birmingham and themidlands. In quarter

Answers

Internal audits, the use of firewalls, employee disciplinary processes, training, and other practices are a few examples of internal controls. Threats that could hurt the business and lead to asset loss are a reality for all enterprises.

What Are Preventive Internal Controls?Internal controls that prevent negative events from happening are implemented for the reason that their name suggests. For instance, numerous programs include built-in safeguards to prevent the entry of inaccurate data.The most effective controls are those that prevent mistakes from happening in the first place. Even better are automated preventative controls, which simplify audits and do away with the need for human intervention.

An example of a preventative internal control

Internal controls to prevent unfavorable outcomes include training programs, drug testing, firewalls, computer and server backups, and more.

The Complete Question.

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identify five enterpreneur qualities that the intrapreneur has and discuss how they contributed to the success of his business​

Answers

Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ...
Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ...
Risk-taking ability. ...
Creative thinking. ...
Persistence.

Please help, Worth 90 Points!!

Please help, Worth 90 Points!!

Answers

Answer:

free points ezzzzz

Explanation:

Answer:

Cash: 7,11,19,12

A/R: 11,19

if the fed increases the supply of money in the market through open market operations, bond prices will _____ and interest rates will _____. rise; rise fall; fall rise; fall fall; rise

Answers

If the Fed increases the supply of money in the market through open market operations, it will lead to an increase in the demand for bonds.

As a result, bond prices will rise. However, the increase in demand for bonds will lead to a decrease in interest rates. This is because the increase in bond prices will reduce the yield on the bonds, causing investors to demand lower interest rates to invest in them.

Overall, the relationship between the supply of money and interest rates is inversely proportional. When the supply of money increases, interest rates tend to decrease, and vice versa. This is because the increased supply of money creates more competition among lenders, leading to lower interest rates as borrowers have more options to choose from.

In summary, if the Fed increases the supply of money in the market through open market operations, bond prices will rise, and interest rates will fall. It is essential to keep in mind that changes in interest rates can have significant impacts on the economy, including inflation and economic growth. Therefore, the Fed carefully monitors and adjusts interest rates to achieve its economic objectives.

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Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for dam-ages. Neal will be able to recover:a.the amount in the liquidated damages clause.b.the difference between Solomon's contract price and the amount paid by Renny.c.Solomon's contract price.d.an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.

Answers

Answer:

b. the difference between Solomon's contract price and the amount paid by Renny

Explanation:

Neal sues Solomon for damages as Solomon breaches his contract with Neal to purchase the 500 pairs of socks from him. Although he can sell the 500 pairs to Renny even then he was in loss only as he sells socks to Renny at a lower amount then it's actual cost.

In this case, Neal will be able to recover the difference between Solomon's contract price and the amount paid by Renny.

______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

an online survey or _____?​

Answers

Answer:

Study

Explanation:

according to equity theory, what is the basis used by employees when determining if a decision is equitable? multiple choice a rational calculation of cost-benefit the extent to which the decision impacts them alone the belief that all employees should receive the same rewards a comparison of input-outcome ratios organizational policies

Answers

The basis used by employees when determining if a decision is equitable is a comparison of input-outcome ratios.

The option (A) is correct.

Equity theory is a theory of inspiration that recommends that representative inspiration at work is driven generally by their feeling of reasonableness. Workers make a psychological record of the information sources and results of their work and afterward utilize this record to look at the proportion of their bits of feedback and results to other people.

Equity theory explicitly contends that assets ought to be utilized in a manner so that sources of info and results of a trade cycle are corresponding. In this sense, value proportions ought to be equivalent.

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This question is not complete, Here I am attaching the complete question:

According to equity theory, what is the basis used by employees when determining if a decision is equitable? multiple choice a rational calculation of cost-benefit the extent to which the decision impacts them alone the belief that all employees should receive the same rewards a comparison of input-outcome ratios organizational policies:

(A) a comparison of input-outcome ratios.

(B) individualize rewards.

(C) choose moderately challenging tasks.

The leading producer of gardening tools, YourGarden Inc, has achieved great success because they produce high-quality tools that are not too expensive. Even so, another company that produces lower-quality tools at the same price has also achieved some success, but not as much as YourGarden. Also, in general, the price of gardening tools has declined because of economies of scale and learning. In addition, YourGarden has added complementary assets, such as gardening instruction. Considering all of these factors, the gardening tool industry is most likely in the
A. introduction stage.
B. growth stage.
C. shakeout stage.
D. maturity stage.

Answers

Answer:

B. growth stage.

Explanation:

In the growth stage, the demand would be strong as the both efficient & none-efficient firms would thrive also the price would be decline as the firm starts to reap the economies of scale. Moreover, the distribution channels would be expanded also the assets i.e. complementary would be widely available

Therefore the option b is correct

3.5. In a public limited company, the losses are
borne by the
(A) staff
(B) directors
(C) community
(D) shareholders​

Answers

Answer: D

Explanation: Had this test before

Answer:

d

Explanation:

]

Which of the following is the term for a special tax placed on foreign goods sold in
the United States?
A. Tea tax
B. Tariffs
C. Excise tax
D. Customs

Answers

D. Customs because that is what happens when anything or any one pgoes somewhere foreign

what does customer with a problem expect from a customer service representative?

Answers

They should typically expect the customer service representative to be able to help them, locate, or do whatever is needed or asked for. They shouldn't be overrated, they should just know what to do.

Should the government have given money to the banks? Why or why not?

Answers

Answer:

It really depends on the state of the economy but I'll give a general answer, Investing in a bank is pretty much investing in people, when the economy is good the banks are good, and when the economy is bad the banks are bad, namely stocks. If the government were to invest in banks and give them money they would wouldn't be circling the money into resources, technically the government doesn't really need to invest in banks anyway since they are the ones that print the bills and give money, investing in banks is just pointless when the government already pays for your  job, in which YOU give money to the bank to either save up and spend the money later, or to invest in a trust fund which also circles money back into the government through taxes.

Explanation:

If the government already pays for peoples food , jobs , etc and expect them to put that food back into business and then tax the people and the business why would they need to invest in banks? Unless of course there was a stock market crash and the government needed an incentive to get people to buy stocks and thus started to invest but that always goes bad.

How a business handles money is called _____ risk.

Answers

It would be a financial risk

A student is graduating from college in six months but will need a loan in the amount of $3,725 for the last semester. the student may receive either an unsubsidized stafford loan or a plus loan. the terms of each loan are: unsubsidized stafford loan: annual interest rate of 4.65%, compounded monthly, with a balance of $3,901.95, at the time of repayment plus loan: annual interest rate of 5.65%, compounded monthly with payment deferred until graduation which loan will have a lower balance and by how much at the time of repayment?

Answers

A loan will have a lower balance and by much at the time of repayment $142.13.

What is loan?

A loan is any sum of money, a piece of property, or other tangible item that is given to another party with the understanding that it will be paid back, plus interest, at a later date. A loan was the pay with interest.

Calculated the repayment of loan:

Given,

loan in the amount of $3,725

Annual interest rate of 4.65%

compounded monthly, with a balance of $3,901.95

annual interest rate of 5.65%

monthly interest rate is 4.65% ÷ 12

monthly interest rate = 0.3875%.

monthly interest rate is 5.65%  ÷ 12

monthly interest rate = 0.4708%.

balance = principal x (1 + monthly interest rate)^ number of compounding periods

balance = $3,725 x \((1 + 0.003875)^6\)

balance = $3,901.95

balance = principal x (1 + monthly interest rate)^ number of compounding periods

balance =  $3,725 x \((1 + 0.004708)^6\)

balance = $4,044.08

Amount of loan = $4,044.08 - $3,901.95

Amount of loan = $142.13.

As a result, the significance of the loan will have a lower balance in period of repayment is $142.13.

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Andre enjoys playing video games, but there is not a video game about his favorite hobby: collecting stamps. Andre decides to make a video game, not his for his enjoyment but to sell to other stamp collectors.

Answers

Answer:

B) entrepreneur

Explanation:

Since in the question it is mentioned that Andre enjoys while playing video games but at that time his favorite video game is not available i.e. collecting stamps. Now he decides to prepare a video game not for his enjoyment but for selling to the stamp collectors

So here the productive resources are entrepreneurs as  it deals with the resources that are needed while producing the goods and services

hence, the correct option is B.

Despite its success, Walmart is a mature business that needs to do which of the following to boost profits and continue to move its stock price higher? find dramatic cost savings find dramatic cost savings find huge markets find huge markets find ways to increase supplier efficiency find ways to increase supplier efficiency find data to identify new vendors find data to identify new vendors

Answers

Answer:

find dramatic cost savings

find huge markets

Explanation:

Walmart is a giant multinational retail corporation which operates a number of departmental stores and hypermarkets around the globe operating from the United States.

Walmart is a mature business which needs to find dramatic cost savings or  huge markets so as to boost its profits and also to continue to move the stock prices higher.

What is the Congress or Legislative branch?

Answers

Answer:

The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.

Explanation:

Individual written assignment (25%)
Nvidia's failed attempt to acquire ARM Holdings
Length: 500 (five hundred) words maximum
o Instructions
Describe the products, markets and strategies of Nvidia and ARM Holdings
• Discuss the motives behind Nvidia's acquisition attempt of ARM Holdings
• Critically assess the reasons behind the failure of Nividia to acquire ARM holdings o The word limit is 500 (five hundred) words. Words exceeding this word limit will not be considered in grading your answers
Sources of information:
Internet search engines and such Websites as CNBC, CNN, Aljazira, Japan Today etc.
O Newspapers available through LexisNexis Academic, Proquest etc. data bases
о Any other sources you find suitable for the purpose

Answers

Nvidia is a global leader in computing innovation that makes complex products such as graphics processing units (GPUs), integrated circuits, system-on-a-chip units (SoCs), gaming consoles, and supercomputers. Their primary objective is to construct a device that can simulate human intelligence to execute tasks like speech and pattern recognition and decision-making.

Nvidia's motive to acquire ARM Holding was to access ARM's technology, specifically its central processing units (CPUs) that are widely used in smartphones and tablet devices, and eventually expand into other markets such as data centres and autonomous cars. Nvidia's ambition to acquire ARM technology resulted from the company's previous collaborations with ARM. Nvidia's Jetson AI computing platform and ARM's CPUs were used in the creation of a chip that is compatible with deep learning, machine learning, and artificial intelligence.

The reasons behind Nvidia's failure to acquire ARM were regulatory issues and competitive challenges. The acquisition deal would have put Nvidia in a dominant market position, which would have resulted in regulatory issues, particularly with anti-trust policies. Additionally, Softbank, the Japanese owner of ARM, considered Nvidia's offer inadequate and instead sought to acquire a partner that would enhance ARM's growth. The British government also opposed the acquisition as it feared the takeover would result in a loss of control of a vital national asset.

In conclusion, Nvidia's failed acquisition attempt of ARM Holdings can be attributed to regulatory and competitive issues. Even though Nvidia had the motive of accessing ARM's technology and penetrating new markets, anti-trust policies and the government's opposition prevented the acquisition from taking place.

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ad hominem
red herring
false dilemma
false analogy
Excerpt
Logical
Fallacy
Our current mayor has been in politics for over 25 years. It is time
that we have a younger mayor, so we can have fresh ideas to make our city better.
is true that the city council id approve a tax for a new road
construction project. However, our city needs to attract more businesses to stabilize
our economy
bring to work instead of using public transportation is the net
eating everything on your plate it wastes veueble resources​

Answers

Bring to work instead of using public

Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.

Answers

Explanation:

the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.

Why very few subsistence economies exist today

Answers

Answer:

As previously mentioned,

subsistence markets are

extremely vulnerable to

external influences.

Because of this

vulnerability, these economies are

becoming more scarce around the

world. In the past, for example, large

populations of indigenous peoples lived

throughout North America.

Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)

Answers

The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.

What is mean?

In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.

Given a table for car washing each day,

Day 1      Day 2    Day 3   Day 4      Day 5    Day 6

50            45          48         26        47            55

Average for cars washed each day,

Average = sum of cars washed/number of days

 sum of cars washed = 50 + 45 + 48 +26 + 47 + 55

the sum of cars washed = 271

total days = 6

average = 271/6 = 45.1667

average car washed each day = 45

If the car wash were open only five days a week, how many cars might be washed per year,

total car washed in year = (number of days)(average car washed)(year week)

total car washed in year = 5 x 45 x 52

total car washed in year = 11,700

Hence average car washed each day is  45 and the total car washed in a year is 11,700.

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1. When would a corporation make sense for a business, such as a construction company?

Answers

Answer:

when they can make profits

Explanation:

A corporation simply refers to a company that can be for-profit or non-profit that is authorized and recognized to act as a separate entity in law.

Thus, for a corporation to be categorized or make sense as a business it needs to fulfill the main objective of a business, which is profit-making. By so doing, the construction company would make sense for a business.

¿Cómo podría Wal-Mart mejorar su estrategia de marketing para atraer a los grandes consumidores potenciales de este sector en los mercados internacionales?

Answers

Answer:

Para poder atraer grandes consumidores potenciales del sector de retail en los mercados internacionales, Walmart tendría que focalizarse en 3 tareas específicas:

1- Por un lado, invertir en publicidad en los lugares en los que desee aumentar su rendimiento comercial, para poder dar a conocer su marca y atraer a nuevos clientes, ingresando así a mercados en los que hasta ahora no tiene presencia.

2- Además, debe lógicamente invertir en relocalizar muchos de sus centros de distribución a esos nuevos mercados, para así poder facilitar la distribución de los productos que comercializa en los nuevos territorios.

3- Por otra parte, debe garantizar un acceso al comercio electrónico, para poder así proveer a los consumidores los mismos bienes que ofrece en los Estados Unidos, pero en sus territorios de origen.

a. accounts payable b. cash c. common stock d. accounts receivable e. rent expense f. service revenue g. office supplies h. dividends i. land j. salaries expense

Answers

The different accounts and their classification are listed below

:a. Accounts Payable: It is a liability account that records the amount the business owes to creditors.

b. Cash: It is an asset account that reflects the amount of currency and coins on hand as well as in the bank.

c. Common Stock: It is a shareholders’ equity account that represents the amount of money the business owes to its owners.

d. Accounts Receivable: It is an asset account that reflects the amount that the business owes to its creditors.

e. Rent Expense: It is an expense account that records the amount of rent paid by the business for the use of land, building, or equipment

.f. Service Revenue: It is an income account that reflects the total amount of money that the business has earned from rendering services.

g. Office Supplies: It is an asset account that reflects the amount of supplies that the business has on hand.h. Dividends: It is a shareholder’s equity account that records the money paid to shareholders.i. Land: It is an asset account that represents the value of land owned by the business

j. Salaries Expense: It is an expense account that records the amount of salaries paid by the business to its employees.

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One attendee remembered McFarland standing atop a table frantically yelling instructions at the crowd. If the crowd was not able to understand McFarland's instructions because they could not hear him, it is most likely because of____ in the communications process. Multiple Choice semantic noise physiological noise psychological noise echoing noise physical noise communication

Answers

It is most likely due to a breakdown in the communications process if the crowd was unable to comprehend McFarland's instructions because they could not hear him.

What is  communications process?

There are four essential parts to the communication process. Encoding, transmission medium, decoding, and feedback are some of these components. Two other components are involved in the process, and they take the form of the transmitter and the recipient. There are a few typical tasks that both the sender and the receiver must finish in order to have good communication. The communication process consists of seven crucial steps: sender or source, encoding, message, medium or channel, decoding, receiver, feedback, and noise.

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