The following are the current month's balances for selected accounts of Accounts Payable $9,000 Revenue $8,000 Cash 7,650 Expenses 1,100 Furniture 11,000 Accounts Receivable 12,000 Common Stock 10,250 Notes Payable 4,500 What is the net income for
Answers
Option A. $6900 net income.
Net income for the current month=Revenue-Expenses
which is equal to
=(8000-1100)
which is equal to
=$6900.
Net income is the amount after an individual or company has deducted expenses, allowances, and taxes. In commerce, net income is left to the business after all costs, including salaries and wages, the cost of goods or raw materials, and taxes.
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Related Questions
The returns of ABC Company and the market are listed below. Compute the beta for ABC Company stock (Hint: Think rise over run). Round your answer to two decimal places of a whole number, e.g., x.xx. Year ABC Market 2018 13% 22% 2019 18% 28% 2020 8% 16%
Answers
Beta = Covariance/Variance where: Covariance=A measure of an investment's return in relation to the market Variance is a measurement of how the market deviates from its mean.
Compute the beta for ABC Company stock ?
The standard deviation of returns for the asset could be divided by the standard deviation of returns for the benchmark to determine beta. The correlation between the security's returns and the benchmark's returns of 32.21 percent is multiplied to arrive at the final number.
Given that AAPL's beta of 0.6035 suggests the stock theoretically experiences 40 percent less volatility than SPY, AAPL would be regarded as being less volatile than SPY in this situation.
A stock with a beta greater than 1.0 fluctuates more than the market over time. A stock's beta is less than 1.0 if it moves less than the market. High-beta equities typically carry higher risks but also have a bigger potential reward. Although they carry less risk, low-beta equities often offer lesser returns.
Because of this, beta is frequently employed as a risk-reward ratio, which aids investors in deciding how much risk they are ready to accept in order to reap the potential rewards. It's crucial to take stock price volatility into account when determining risk. Beta is a useful proximate for risk if you view of risk as the likelihood that a stock would depreciate in value.
Beta = Covariance/Variance where: Covariance=A measure of an investment's return in relation to the market Variance is a measurement of how the market deviates from its mean.
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Stepping into adulthood during a recession: Did job losses during the Great Recession impact health of young adults
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Job losses during the recession of young adults living by themselves led to increased onset of doctor-diagnosed mental health problems and worries related to jobs.
How were young adults affected by the Great Recession?
Young adults had high unemployment rates, decreased earnings, decreased net worth, lower rates of property ownership, and increased rates of co-residence with parents during the Great Recession.
Who suffers the most during a recession?
Many Americans aged 50 and older, notably baby boomers approaching retirement, were impacted either directly or indirectly by rising unemployment, declining property values, and the decrease in the stock market, even while young individuals in their 20s and 30s took the brunt of the economic slump.
Who benefits from a recession?
When renting is expected to become a more enticing alternative, if not the only one, during a recession, rental agencies, landlords, and property management firms can prosper.
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In this discussion, analyze and discuss a case where company a claims its network was compromised by a connection from company b network. How should both companies proceed? who should be involved?
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It seems to be a case of a network breach and hence it must be diagnosed by computer forensic experts. Both companies must agree to a Computer Forensic investigation into the matter. As far as Computer Forensic investigations are considered, they can be either public or private. Public investigations are conducted by the government while Private investigations are conducted by private Computer Forensic agencies. If the company is a private organization then it must go for a private investigation and if it is a government organization then it must go for a Public investigation. The investigation will be conducted as per the four principles of forensic investigation laid down by the Association of Chief Police Officers.
Management Discussion and Analysis (MD & A) is a section of public company annual reports or quarterly filings. MD & A examines the company's performance. In this section, the company's management and executives, also known as the C Suite, analyze the company's performance using qualitative and quantitative indicators.
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Made-to-order metalworks is a small manufacturing firm specializing in custom-order tool and die work. a computerized accounting system would help this firm by?
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The company Made to Order is a manufacturer of custom tools, which is a bespoke manufacturing. A computerized system can help the organization in many ways.
What is Manufacturing?A manufacturing organization is an organization that manufactures goods, and then sells them to customers and thus generates revenue and profits. A bespoke manufacturing company is the one who manufactures products as the customer wants it to be.
There are so many benefits of having a computerized system for the manufacturing business.
A computerized system can help Made to Order by creating a 3D model of the customer choice of tool, also the orders can be sequenced and easily monitored, delivery date can be highlighted if near and the order booking date can also be mentioned and helpful when the customer wants early delivery for the goods. Also the receipt of payments can be checked and monitored.
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In 2009, the national center for statistics and analysis estimates alcohol was involved in _____ of fatal crashes.
Answers
Answer:
The answer to your question is 42%
Explanation:
In 2009, the national center for statistics and analysis estimates alcohol was involved in 42% of fatal crashes.
I hope this helps and have a good day!
state courts have ruled that companies can be held liable for __________ if they fail to do adequate background checks. a. deceptive interviewing b. negligent hiring c. over recruiting d. staff inflation
Answers
The correct option is (b) negligent hiring.
State courts have ruled that companies can be held liable for negligent hiring if they fail to do adequate background checks.
What is negligent hiring doctrine?According to the doctrine of negligent hiring, a company is responsible for any injury its workers do to third parties if they knew or should have known that the employee posed a danger of doing so, or if a reasonable investigation would have revealed the risk.
The causes of negligence hiring are-
Whether the employee's unfitness was the cause of the injuries that resulted Whether the employer knew or should have known (had the employer used ordinary care) of the employee's unfitness at the time of employment. Each state has a different liability standard.An employer be concerned about negligent hiring and retention because-
An employer may be liable for real injuries, pain and suffering, and even punitive damages if they fail to discipline an employee who poses a danger of injury to coworkers, clients, and others.The company may be held liable if these employees go on to commit careless or reckless conduct that could endanger others.The elements of a negligent retention claim include all of the following:
An affiliation with a company.The employee's lack of expertise.The employer may have had actual or constructive awareness of the ineptitude.An employee's action or inaction that resulted in the plaintiff's injuries.To know more about the negligent hiring with example, here
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The time lag for monetary policy is typically ________________ the time lag for fiscal policy.
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The time lag for monetary policy is typically shorter than the time lag for fiscal policy.
What is Monetary or Fiscal Policy Time Lag?Monetary policy changes normally take a certain amount of time to have an effect on the economy. The time lag could span anywhere from nine months up to two years.
Fiscal policy and its effects on output have a shorter time lag. When monetary policy attempts to stimulate the economy by lowering interest rates, it may take up to 18 months for evidence of any improvement in economic conditions to show up. Additionally, if the government changes its fiscal policy and chooses to increase spending, for example, the fiscal stimulus may still take several months to have any effect on the economy.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
The time lag for monetary policy is typically ________________ the time lag for fiscal policy. Select one:
a. shorter than
b. longer than
c. about the same as
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A recession within a nation will _________ imports directly, but the impact on the national economy is negative.
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A recession within a nation will reduce imports directly, but the impact on the national economy is negative.
Monetary policy. monetary policy consists of the steps the central bank of a nation can take in order to regulate the nation's money supply. For example, a central bank might reduce interest rates during a recession in order to make loans more readily available to other banks and thus stimulate economic recovery.
During a recession, the economic struggles, people lose work, companies make fewer sales, and the country's overall economic output decline. The point at which the financial system officially falls right into a recession relies upon an expansion of things.
Monetary policy can offset a downturn due to the fact that decreased interest rates reduce consumers' cost of borrowing to shop for large-ticket objects such as cars or homes. For firms, the economic policy also can reduce the value of an investment.
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On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the note were $20,000 face value and 6% interest. On October 30, the journal entry to record the collection of the note should include a
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journal entry to record the collection of the note would be:
debit to Notes Receivable for $20,000
credit to Notes Receivable for $20,300
debit to Interest Receivable for $300
*credit to Interest Revenue for $300
More about journal entry:
A journal entry is a record of a business transaction in an organization's accounting system. Journal entries are the foundation of the double-entry accounting method, which has been used to keep financial records for centuries. They allow a company to track what its resources have been used for and where those resources came from.
More about Notes Receivable:
Amounts owed by customers for which a formal credit agreement has been written and signed Typically used when payment is not expected for more than 60 days. A formal credit account requiring interest is sometimes used to settle an account receivable. Depending on the term of the note, it can be a current or noncurrent asset. The borrower on a note is referred to as the "Maker." The "payee" is the party making the loan.
Interest Receivable:
It is the interest earned by the company, but not yet collected in cash.
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The change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources is called:_______
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Comprehensive income is the change in equity during the period from the non-owner related transactions.
Net income and unrealized income, such as unrealized profits or losses on financial instruments used as hedges or derivatives and gains or losses from foreign exchange transactions, are both included in comprehensive income. It offers a comprehensive understanding of a company's earnings that the income statement cannot fully convey.
Comprehensive Income, according to a company's financial reporting, "includes all changes in equity over a period, excluding those attributable to owner investments and distributions to owners."
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What is the role of incident response and management in risk mitigation and risk management?
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The role of the incident response and management in risk mitigation would be to
provide the timely detection, notify, and interventionWhat is incident and management in risk mitigation?This is the body that helps to determine the level of risk that can be termed as acceptable. They are the body that helps an organization to check the risks that they may not want as acceptable.
This is the body that has the capability and the instruments that are necessary in order to respond to the situations that are seen as critical
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In applying the lower of cost or market method to lifo inventory costing market is defined as_______.
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In applying the lower cost or market method to LIFO inventory costing market is defined as replacement cost.
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first.
For many businesses, LIFO is not feasible because they wouldn't keep their older inventory sitting around in stock.
Since LIFO values COGS (Cost of Goods SOld) using the most recent inventory received, the remaining inventory may be severely dated or out of date.
Because the valuation is substantially lower than the cost of inventory items today, LIFO does not provide an accurate or up-to-date value of inventory.
When valuing inventory, many businesses may claim that they employ the "lower of cost or market."
This implies that, in the event that inventory values fell, their valuations would instead reflect market value (or replacement cost) as opposed to LIFO, FIFO, or average cost.
Hence, In applying the lower of cost or market method to LIFO inventory costing market is defined as replacement cost.
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The famous Oreo cookie has added to its brand. The Oreo company now sells piecrusts, ice cream cones, and cookie dough. Now Oreo can compete more broadly in the industry because of its _______.
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The famous Oreo cookie has added to its brand. The Oreo company now sells piecrusts, ice cream cones, and cookie dough. Now Oreo can compete more broadly in the industry because of its product line extension.
What is Product Line Extension?
The product lines are characterized as a marketing strategy used by companies with the objective of gaining market and increasing sales of products through current and new consumers.
This strategy occurs when a company makes available on the market a group of differentiated products sold by the same brand, but with different features and benefits to meet the needs of different types of target audience. The expansion of the product line is an effective strategy to increase brand value and customer loyalty, since there is a greater likelihood of consumers returning to consume a brand they admire and have had good experiences in previous purchases.
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For pdp medication home delivery, the ____ plan will continue to offer a discount for 90-day tier 2, tier 3 and tier 6 prescriptions.
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For pdp medication home delivery, the Medicare part D plan will continue to offer a discount for 90-day tier 2, tier 3 and tier 6 prescriptions.
What is Medicare?Medicare can be defined as a medical insurance coverage that help to cover the medical costs of those people under the plan.
Therefore, For prescription drug plan medication home delivery, the Medicare part D plan will continue to offer a 90-day tier 2, tier 3 and tier 6 prescriptions discount.
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The effect of the declaration of a cash dividend on a company's financial statements is to:_______
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The effect of the declaration of a cash dividend on a company's financial statements is to decrease both stockholders' equity and total assets.
What are cash dividends?Dividends are cash payments made to the stockholders of a public company. Stockholders are individuals who purchase shares in a public company.
Dividends are paid with cash, thus, the assets of a company would decline. Since assets is positively related to stockholders equity, stock holder's equity would also decline.
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Advertising, sales promotion, public relations, and buzz building activities are all?
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Advertising, sales promotion, public relations, and buzz-building activities are all option(a)i.e, channels that should be integrated under the concept of integrated marketing communications.
Integrated marketing is the practice of combining all elements of marketing communication, including PR, social media, and advertising, and employing each one's unique combination of channels, media, and methods to provide a smooth and customer-focused experience.
A coherent message may be delivered to end users over a variety of channels with the help of integrated marketing communication, which increases the likelihood that it will succeed in luring clients. Customers receive a single message overall marketing platforms, including TV, radio, banners, hoardings, and so forth.
The following are crucial devices for integrated marketing communications:
Advertising.Sales Promotions (SP)Personal Selling (PS)Direct Marketing (DM)Social Media Marketing.Internet Marketing.Mobile Marketing.To know more about integrated marketing refer to: https://brainly.com/question/13013135
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The complete question is:
Advertising, sales promotion, public relations, and buzz-building activities are all ________.
A) channels that should be integrated under the concept of integrated marketing communications
B) channels focused more on interactive marketing than traditional marketing
C) promotional tools used for push strategies but not pull strategies
D) promotional tools used for pull strategies but not push strategies
E) promotional tools adapted for use in mass marketing
Sofa co is selling sofas with a 33% discount off the original price to reduce its stock. Calculate the discounted price of a sofa originally selling for £999.00. Please show your working.
Answers
Answer:
£669.33
Explanation:
First, we subtract 33% from 100%, which equals 67%.
Then, convert 67% directly to a decimal:
67% = 0.67
Finally, doing the calculation by hand or with a calculator, we find
67% of 999 = 0.67 x 999 = 669.33
So the answer is 669.33
The inflation rate is the percentage change in the _____ from one year to the next. Deflation is a situation in which the _____ is _____ and the inflation rate is _____.
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The inflation rate is the percentage change in the price level from one year to the next. Deflation is a situation in which the price level is falling and the inflation rate is negative.
Inflation is frequently measured in broad terms, such as the general rise in prices or the rise in the cost of living in a country. Inflation is the gradual loss of purchasing power caused by price increases. Overall reduction in level of prices for goods and services is known as deflation. The nominal costs of capital, labor, goods, and services decrease as a result of deflation.
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An example of _____ is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of homes by minorities.
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An example of blockbusting is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of homes by minorities.
What is blockbusting?blockbusting can be regarded as the act of profiteering through inducing property owners to sell hastily which do occur at a loss by appeals to fears of depressed values.
In this case, An example of blockbusting is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of homes by minorities.
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The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is a.product cost b.differential cost c.period cost d.discretionary cost
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The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is differential cost.
What is Differential Cost?Differential cost is the difference in costs between two possible decisions.The expense arises when a company must choose between multiple similar choices and choose one while rejecting the others.When faced with such circumstances, corporate executives must compare the costs and profits of each alternative to determine which is the most practical.The expenses incurred to produce a product are referred to as its cost.Direct labor, direct materials, consumable production supplies, and factory overhead are all included in these prices.The cost of the labor necessary to provide a service to a customer can also be considered when calculating product cost.In the latter scenario, all expenses associated with a service, such as compensation, payroll taxes, and employee benefits, should be included in the product cost.Costs that cannot be recognized on a company's balance sheet are referred to as period costs.In other words, they are recorded as an expense on the income statement in the period in which they are incurred. Some of the examples of Period cost are CEO salary, Marketing expense, selling, general and administrative expense.If necessary, a business or household can live without a discretionary expense.Nonessential spending is sometimes used to identify discretionary costs. This indicates that even if all discretionary consumer spending is stopped, a business or household can continue to function.know more about Period cost https://brainly.com/question/13237619
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The richest 1% of the world's population owns more wealth than the rest of the 99% combined. True or False
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The distribution of wealth on Earth is such that the richest 1% are wealthier than the rest of the 99% combined so this is True.
How is income distributed?The top 1% of the human population are so wealthier that they own more than the combined assets of the other 99%.
This was confirmed in 2016 by Oxfam, and the scary part is that this trend is set to continue.
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A principal has a duty to pay an agent in a timely manner under the customary compensation for services rendered.
a. true
b. false
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It is true that principal has a duty to pay an agent in a timely manner under the customary compensation for services rendered.
What is Principal Agent Relationship?This is when two parties have agreed that an agent will act on behalf of the principal in negotiating and transacting business with third parties.
With regards to compensation, when a principal requests certain services from an agent, the principal has a duty to pay the agent, in a timely manner, for those services rendered.
Some of the duties of principal to its agent are:
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What category of investors sees syndicate equity financing as a good opportunity?
Answers
Small investors sees syndicate equity financing as a good opportunity.
A group of investors known as an equity syndicate decides the price of an equity IPO before it goes public. The equity syndicate determines this price by taking into account a number of variables, including the hedge risk and the company's financial situation. Any equity syndicate has a relatively small membership, which is often made up of senior investment bank personnel.
Equity syndicates conduct the majority of their own hiring through lateral hires and recommendations from friends and family. In general, one needs to have a lot of experience in corporate finance and ECM to join the equity syndicate. According to estimates, there are probably fewer than 100 people who belong to equity syndicates globally.
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The ________ can compare the portion of the gross revenue to the total gross revenue.
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The gross profit can compare the portion of the gross revenue to the total gross revenue.
Gross profit represents that income or profit which remains after the subtraction of production costs from total gross revenue.
Total gross revenue is the amount of revenue which is generated from the sale of goods and services by the company.
Gross profit helps the investors to check how much profit the company is earning from the production and sale of its goods and services.
Gross profit is commonly referred to as total gross revenue less gross revenue.
Revenue is generally referred to as the "top line" number because it is situated at the top of the income statement of any organization.
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the objectives of office automation are increased efficiency, personnel reduction, and improved working conditions.
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It is TRUE that objectives of office automation are increased efficiency, personnel reduction, and improved working conditions.
What is automation?Automation serves as the usage of computerized system in handling industrial work.
Therefore, The objectives of office automation are increased efficiency, personnel reduction, and improved working conditions.
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Having bureaucratic leaders directly elected by the people is the easiest way to make them _____.
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The bureaucrates directly elected by the people in any case make them judiciary to take and implement several decisions.
They exist to perform various unctions of people matters and administration making the law more effective and efficient. They are heart and soul of the organisation contemplating and analyzing all the rules.
If it is directly elected with the public leaders as it is easier both or the government to make decisions and implement policies and procedures in easiest way.
Performing of the duties can be done through executive and legislature also but judiciary comes in order or legal rules and regulations through bureaucratic manner.
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Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The deposit shall be returned to the buyer and the purchase agreement shall be declared null and void for all of the following reasons EXCEPT:
Answers
The deposit shall be returned to the buyer and the purchase agreement shall be declared null and void for all of the following reasons EXCEPT The buyer changes his mind about the property.
When a fault is reported by the buyer, the seller has 30 days to fix it or get a closing title insurance policy. Any effort on the part of the seller to resolve a title dispute or get a closing title insurance policy will not be interpreted as an acknowledgment of a problem. Seller's only obligation is to return the Buyer's deposit if, in Seller's judgement, the objection cannot be eliminated or removing it would be unprofitable.
This Agreement shall cease and be void upon receipt by Buyer of the Deposit, and Buyer and Seller shall be relieved and discharged from all further claims and obligations to one another hereunder, with the exception of those that expressly continue beyond the expiration of this Agreement. None of the provisions of this Agreement, regardless of any other term to the contrary, shall obligate Seller to commence any legal action or make any payment, including any payment in excess of $5,000.00, in order to resolve any title issues.
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Also, national saving is the income of the nation that is left after paying for . Therefore, national saving (S) is defined as:
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Also, national saving is the income of the nation that is left after paying. Therefore, national saving (S) is defined as National saving is the nation's income that is left after paying for current consumption and government purchases, that is: S = Y-C-G
How is national wealth linked to national saving?
The difference between private national wealth and government wealth is known as national saving. A nation's physical assets domestically plus its net overseas assets make up its national wealth.
Why is saving important to the economy?
All other things being equal, a higher personal saving rate will eventually translate into a larger level of physical capital, enabling the economy to create more goods and services. Personal saving also adds to investment.
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An increase in the government's budget surplus will cause the interest rate to: either increase or decrease. remain the same. increase. decrease.
Answers
Answer:Decrease
Explanation:
If output = 1,500 when planned aggregate expenditure = 1,200, the unplanned change in inventories will be ________ and output will ________ to adjust to the disequilibrium.
Answers
If output = 1,500 when planned aggregate expenditure = 1,200, the unplanned change in inventories will be positive and output will decrease to adjust to the disequilibrium. Planned expenditure is provided via the Aggregate Expenditure function (AE).
In a contemporary industrial economy, actual output and income could deviate from projections, either in terms of output or in terms of purchases and sales. Plans in some areas of the economy have not been achieved, and there is an incentive to adjust production, if planned expenditure (AE) and GDP are not the same. However, when planned expenditure and actual output are equal, the plans for both are successful.
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