answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Firlakuza [10]
2 years ago
13

Before month-end adjustments are made, the February 28 trial balance of Cole’s Enterprise contains revenue of $11,000 and expens

es of $8,900. Adjustments are necessary for the following items: • Depreciation for February is $1,200. • Revenue earned but not yet billed is $2,800. • Accrued interest expense is $900. • Revenue collected in advance that is now earned is $2,500. • Portion of prepaid insurance expired during February is $500. Calculate the correct net income for Cole's Enterprise for the month end.
Business
1 answer:
seropon [69]2 years ago
7 0

Answer:

net income                        2,200

Explanation:

revenues  11,000

expenses (9,000)

income before adjustment: 2,000

adjusmtent:

depreciation         (1,200)

earned revenue    2,800

interest expense    (900)

insurance expense(500)

net                           200

net income                        2,200

The payment in-advance thecustomer made will not considered revenue as thecompany is now forced to provide this services It is a liability not revenue.

You might be interested in
Karen, an automobile mechanic employed by an auto dealership, is considering opening a fast-food franchise. If Karen decides not
vova2212 [387]

Answer:

The right solution is "Not Deductible".

Explanation:

If everyone's investigation for a company or starting a company fails, costs classified into two broad categories besides you:

  • Unless you're a person and your effort to start a company isn't successful, there are 2 kinds of investments you have had in attempting to develop yourself in the company.
  • The expenses clients used to have before you made an intention to open a particular business. These would be personal but non-deductible charges. They include other expenses incurred throughout a regular search for something like a company or equity investment opportunity or perhaps a thorough investigation into it.
  • The expenditures you have in your effort to purchase or launch a particular venture. Such charges are capital expenditures, and that as a capital loss, you will subtract them.
6 0
2 years ago
EA11.
Vedmedyk [2.9K]

Answer:

$1,700

Explanation:

Given that,

Purchase of raw materials inventory  = $1,000

Assignment of raw materials inventory to Job 5  = $500

Payroll for 20 hours with $1,000 assigned to Job 5

Factory utility bills = $750

Overhead applied at the rate = $10 per hour

Cost assigned to Job 5 at the end of the week:

= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied

= $500 + $1,000 + ($10 per hour × 20 hours)

= $500 + $1,000 + $200

= $1,700

3 0
2 years ago
Which of the following would LEAST likely foster diversity in the workplace?
guajiro [1.7K]

Answer:

The correct answer is letter "A": changing the culture through diversity training education programs.

Explanation:

Boosting diversity at the workplace is an activity that mainly relies on the representatives of the Human Resources (HR) Department. They are in charge of recruiting and selecting the applicants that will be part of the institution based on their capabilities and expertise. Thus, HR representatives could promote the selection of different individuals from different ages, races, gender, ethnicity, and nationality, without preferring one or another, so the working environment will be diversified and the company can take advantage of the different backgrounds of those new hires.

Therefore, <em>training other employees could improve the understanding of other employees on dealing with workers different than them but this does not foster diversity in the workplace.</em>

6 0
1 year ago
Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his f
IgorLugansk [536]

Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his firm's mission and vision, while making as much money as possible for the firm and conforming to the basic rules of the society. He ensures that his actions embody ethical custom. In this scenario, Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.

Explanation:

Utilitarianism is a ethical theory which talks about the right and the wrong actions of an individual.This theory advocates that the action that brings happiness to the society and also increases the utility in the society as a whole is called a morally correct action.

This theory was proposed by Jeremy Bentham and John Stuart Mill.

In simple words an action is termed as right if it promotes happiness in the society and is termed bad it it brings unhappiness in the society

So we can say that Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.

8 0
1 year ago
A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircut
ladessa [460]

Answer:

Number of barbers= 12 barbers

Explanation:

Giving the following information:

A barbershop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. The shop’s productivity is 2 haircuts per hour of labor.

First, we need to calculate the total number of haircuts per barber:

Number of haircuts= 2*8= 16

Now, we can determine the number of employees:

Number of barbers= 192/16= 12 barbers

6 0
2 years ago
Other questions:
  • Would you use Real GDP or Nominal GDP to accurately calculate growth in 2011? Explain in three to four sentences.
    9·1 answer
  • Next to the following list of eight characteristics of business organizations, select a brief description of how each characteri
    11·1 answer
  • Hampton Industries had $61,000 in cash at year-end 2017 and $27,000 in cash at year-end 2018. The firm invested in property, pla
    8·1 answer
  • Kobe is part of a group of managers at Earthbound Engineering examining whether the company should offer some significant new se
    10·2 answers
  • Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform S
    15·1 answer
  • Digby's Elite product Don has an awareness of 72%. Digby's Don product manager for the Elite segment is determined to have more
    12·1 answer
  • If I have the only telephone in town, it is essentially worthless. Then other people in town get telephones and I can call them.
    13·1 answer
  • Smart phones are very expensive. You can purchase a protection plan that lets you risk with the phone carrier. Choosing to buy a
    8·2 answers
  • Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
    7·1 answer
  • Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!