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creativ13 [48]
2 years ago
4

Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the co

mpany reports the following amounts: Assets = $34,000; Liabilities = $19,000; Dividends = $1,400; Revenues = $10,800; Expenses = $7,400. Required: 1. Calculate net income.
Business
1 answer:
cupoosta [38]2 years ago
7 0

Answer:

$3,400

Explanation:

The Net income of any corporation/entity/company can be calculated using the following formula:

Net income=Revenues- expenses

In the question given, the net income of the Eagle Corp can be calculated using the formula mentioned above.

Revenues=$10,800

Expenses=$7,400

net income=$10,800-$7,400=$3,400

You might be interested in
A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 8.6%, and sells for $1,140. Interest is
nordsb [41]

Answer:

Price of bond=948.8583731

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

Semi-annual interest = 8.6% × 1,000 × 1/2 =43

Semi-annual yield = 9.4%/2=4.7 %

<em>PV of interest payment</em>

PV = A  (1- (1+r)^(-n))/r

A- 43, r-0.047, n- 20

= 43× (1-(1.047)^(-10)/0.047)

= 549.7724893

<em>PV of redemption Value</em>

PV = F × (1+r)^(-n)

F-1000, r-0.047, n- 20

PV = 1,000 ×   1.047^(-20)

PV = 399.0858837

Price of Bond

549.772 + 399.085

=948.8583731

4 0
2 years ago
Bell’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $24000 Direct Labor 6000 Var
Korolek [52]

Answer:

8,000= fixed overhead

Explanation:

Giving the following information:

Bell’s Shop can make 1000 units of a necessary component with the following costs:

Direct Materials $24000

Direct Labor 6000

Variable Overhead 3000

Fixed Overhead ?

The company can purchase the 1000 units externally for $39000. The unavoidable fixed costs are $2000 if the units are purchased externally.

Buy= 41,000/1,000= $41

Total Unitary cost= 24,000 + 6,000 + 3,000 + fixed overhead

41,000= 33,000 + fixed overhead

8,000= fixed overhead

3 0
2 years ago
The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capac
RideAnS [48]

Answer:

95%, 73.1%

Explanation:

Actual output= 950 per year

Design capacity= 1300 per year (Theoretical capacity)

Effective capacity= 1000 per year (efficiency of the shop)

Now Efficiency = actual output/effective capacity = 950/1000 = 0.95, 95.0%

Utilization= actual output/ design capacity = 950/1300 = 0.7308, 73.1%

4 0
2 years ago
Some people feel that the expense of pollution-controlling devices could lead to business failures and job losses; other people
Ann [662]
<span>

Jobs created by pollution-control will offset those that may be lost

you'r welcome :)

</span>
4 0
2 years ago
Read 2 more answers
Which sentences describe points that Miguel should consider in the goal-setting process before he starts to invest?
ki77a [65]

Answer:

First, Miguel arrives at an estimate of the total returns that he wants from his investments.

Explanation:

Plato :)

4 0
2 years ago
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