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2 years ago

Which of the statements below indicates that a company earned a net income for the period?

Business

1 answer:

vfiekz [6]2 years ago

6 0

Answer:

The correct answer is letter "B": The sum of the credits exceeds the sum of the debits in the Income Statement columns on the work sheet.

Explanation:

Net Income, bottom line, or total earnings or profits is a measure of how profitable the company is over a period of time. To find net income, we should take a look at the company's total revenue to subtract any expenses associated with the company's doing business. After deducting taxes from that amount we will have the company's net income.

In the case in the income statement credits exceed debits, the net income of a company is likely to be positive.

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In a report, discussing factors beyond your control that affect report quality is called

Olenka [21]

Stating Limitations in a report, It discuss factors beyond your control that affect report quality. The answer in this question is Stating limitations. The limitations in the study are those in the methodology design <span>that impacted or influenced the interpretation of the findings from your </span>research<span>.</span>

3 0

2 years ago

Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours durin

german

Answer:

earnings/per year - cost/per year - taxes = profits

Explanation:

20 h /week a year has 4 weeks 20*52=1040 h/month

8h /1sunday a year she only work 12 sundays 8h*12=96h

$9 /h earnings

$1000 fixed costs

$1500 travel

20% taxes

1040+96= 1136h/year

1136*9= 10224 $/year total earnings

10224-1000-1500=7724 profits before interest and taxes

7724*(1-0.20)=6179.20 total profits

7 0

2 years ago

Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p

PilotLPTM [1.2K]

Answer:

The number of units the company would have to manufacture during the year would be 780,000 units

Explanation:

To find out how much purchase is made, first we have to calculate the production level. The equation for production level is shown below:

Production level = Closing stock of finished goods + Sales - Opening stock of finished goods

= 76,000 + 730,000 - 26,000

= 780,000 units

Rest cost like opening and ending balance of raw material , required gram is irrelevant for computation part. Thus, it is not considered.

Hence, The number of units the company would have to manufacture during the year would be 780,000 units

8 0

2 years ago

Basic earnings per share ignores:A. All potential common shares.B. Some potential common shares, but not others.C. Dividends dec

Aleksandr [31]

Answer:

A. All potential common shares.

Explanation:

Basic earnings per share ignores all potential common shares.

8 0

2 years ago

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 a

Shtirlitz [24]

Answer:

The sales projections for the first 6 months are:

Product: XQ-103

Q1 + Q2 Sales (units) = 49,220

Q1 + Q2 Sales ($) = $689,080

Product: XQ-104

Q1 + Q2 Sales (units) = 30,260

Q1 + Q2 Sales ($) = $817,020

Explanation:

A sales budget is implemented to support the planning process of a Business. It give an indication of the commercial engagements the business intends pursuing over a course or period and helps the Business managers evaluate if this is in line with the corporate objective.

A lot of factors are considered before developing a sales Budget. Some are external while others are internal. These are a few:

*First to be considered is the historical sales performance of the business.

*Then the improvement the business wants to make in how it sells and how it markets its products in the new year.

*The size of the market. Are we seeing more users or uses for our product

*competitive landscape. How well do we fare versus competition. Is it easy for new players to come into the industry etc

Edington Electronics Inc.

Sales Budget

for 2 Quarters ending June 30 2020

Product: XQ-103

Q1 projections.

Sales (units) = 22,840

Selling price Per Unit = $14

Sales in Quarter 1 = $319,760

Q2 projections.

Sales (units) = 26,380

Selling price Per Unit = $14

Sales in Quarter 2 = $369,320

First half Year projections.

Q1 + Q2 Sales (units) = 49,220

Q1 + Q2 Sales ($) = $689,080

Product: XQ-104

Q1 projections.

Sales (units) = 13,540

Selling price Per Unit = $27

Sales in Quarter 1 = $365,580

Q2 projections.

Sales (units) = 16,720

Selling price Per Unit = $27

Sales in Quarter 2 = $451,440

First half Year projections.

Q1 + Q2 Sales (units) = 30,260

Q1 + Q2 Sales ($) = $817,020

7 0

2 years ago