Answer:
Milner's Star Express Cleaning
Income Statement For the Year Ended December 31, 20--
Fees Earned 13,835
Utilities Expense 153
Rent Expense 1,200
Wages Expense 1,650
total expenses <u> 3,003 </u>
net income 10,832
Explanation:
We will subtract the expenses account from the fees earned to get net income
The other accounts will be ignores as they are not used in the calculations for the net income
Answer: The actual value
Explanation: In simple words, actual value refers to the utility satisfaction that a customer receives after purchasing a product.
The only difference between perceived value and actual value is that while calculating perceived value the customer compares his product with other product . However, while calculating actual value he only compares the existing performance with his or her expectations.
In the given case, Jeremy feels the product he buy is no as useful as he thought. Hence it lacks actual value.
Answer:
$42,000
Explanation:
Data provided
Bonds at a discount = $49,000
Sold bonds at a premium = $12,000
Discount amount = $19,000
The computation of the sale of bonds is shown below:-
Cost + Premium - (Cost - Carrying value cost)
Carrying cost = $49,000 - $19,000
= $30,000
Sale of bonds = (Bonds at a discount + Sold bonds at a premium) - (Bonds at a discount - Carrying cost)
($49,000 + $12,000) - ($49,000 - $30,000)
= $42,000
