Answer:
The net income earned during the year is $ 5,000
Explanation:
The first point to kn ow is the accounting equation is A=L+SE
So to calculate the opening stockholders equity we can rearrange the accounting equation to be:
A-L = SE
so opening SE is
Assets $ 50,000 - Liabilities $ 40,000 = Stockholders Equity $ 10,000
Ending Stockholders equity is:
Assets $ 35,000 - Liabilities $ 20,000 = Stockholders Equity $ 15,000
Since the question mentions that the change in stockholders equity is only due to net income, the increase of $ 5,000 represents the net income for 2019.
Depreciation charges are the attention to the Accumulated Depreciation account, which is a noncash equity sheet account. Depreciation is combined to that account in order to adjust net income for all of the charges in the noncash equity sheet account appeared in the period.
Answer: A. Separate costs into fixed and variable categories.
Explanation: The contribution income statement separates variable and fixed costs in an effect to show the amount of revenues left over after variable costs are paid, that is, it lists variable costs (costs that do not remain consistent) and fixed costs (costs that are constant whatever the amount of goods produced) in order to calculate the contribution margin of the company. It is also known as the contribution margin income statement. As opposed to the traditional income statement which separates product costs from period costs, it separates variable costs from fixed costs and is applied to determining net profit or loss for the period.
There will be a total of 31,400 more rupees would 20000 euros buy at peak exchange rate than at closing point. We can buy more rupees at the peak exchange rate than at the closing point using the currency of Europe which is euro. The answer in this question is 31,400 more rupees can buy at 20000 euros.
Answer:
a. Professional sales and marketing
Explanation:
Sales and marketing team of any company play a vital role in developing business and making it profitable, however, it require lot of hard work, planning, stamina, and stress management, which help the sales and marketing professionals to meet up the company´s target. Sales and marketing are pulse of the company, without it no other department will grow as there will be lack of business. Confidence, persuasiveness and knowledge are key for making sales. A good sales person are the one who knows what is he/she selling, and whom to sell.
