If James' records show $70,000 in revenue, $34,000 in liabilities, $90,000 in assets and $19,000 in equity, which of the figures should be included on his income statement

Answers

Answer 1

The figure that should be involved in the income statement is $70,000.

Given that,

The revenue is $70,000.The liabilities are $34,000.The asset is $90,000.The equity is $19,000.

We know that in the income statement only revenues & expenses are recorded.

Therefore we can conclude that The figure that should be involved in the income statement is $70,000.

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Related Questions

Jason purchased 500 shares of XYZ stock at $17.12. One year later he sold the 500 shares at $18. He paid a transaction fee of $19.95 for each transaction. What was the amount of gain or loss on the sale?

Answers

Hi

assuming he bought and sales all in the same order we have :

500x18 - 500x17.12 - 2* 19.95 =

I let you do math.

Answer:

420.05$. He gained.

Explanation:

1800$*500=9000$

17.12$*500=8560$

and he had to pay 19.95$ for transaction.

so,the amount he gained is 9000$-8560$-19.95$

=420.05$

15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associate's degree in paralegal
studies; she loves to ride and spends every spare minute helping her uncle with his three horses. Now that she's planning to start a business, her best choice
would probably be a
O A. fast-food franchise.
O B. riding stable.
© C. restaurant.
D. legal research service.

Answers

I think answer is (b) number because she loves to ride and spend every spare minute helping her uncle with his three horses.

While there are many methods of recruiting needed talent for an industry, SHRM is interested in capturing
students by saying "here is a career opportunity" for you. In preparing for a career in HR, these new busines
leaders will need to be

A. Inflexible and consistent

B. Creative, adaptive, and agile

C. Unyielding

D. Transactional leaders

Answers

Answer:

creative, adaptive, and agile.

Explanation:

dentify examples of economic systems in the Philippines. Describe how these systems address economic questions.

Answers

Answer: The Philippines has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).

Explanation:

There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism.

Which development would most reflect Karl Marx’s belief in the economic system that he predicted would replace free markets?

Answers

Answer:

the answer is C

Explanation:

Answer:

workers share all the profits generated from a factory

Explanation:

I just took it

Find an app designed to support a business process. What is the business process? How does the app propose to improve it?

Answers

Answer:

monitor your progress at hand

Name and explain money notes

Answers

Answer:

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.

Many new families from another country settle in a particular city. Jobs in that city for translators of that country's language are most likely to Which phrase best completes the statement? o be moved to another city o be eliminated O stay about the same O be expanded 0 1 2 3 4 5 6 7 8 9 10 Next →​

Answers

stay about the same .that the families are moving to a new country doesn't mean they don't understand the country's new language.a Canadian moving to USA is an example

What report in QuickBooks Online will show whether a client was profitable for a specific period?

Answers

Answer:

I think Profit and Loss

Hope this help!:)

g Mr. Zee worked 44 hours during the week ended january 18. he is paid 12 per hour and is paid time and a half for all hours over 40 in a week. what is the net pay for mr zees current paycheck

Answers

Answer:

$544

Explanation:

Hello.

So Mr. Zee works a week of 44 hours, and he's getting paid $12 an hour, and any time over 40 hours a week, he get's paid his normal wage plus half his normal wage, or $6, so as soon as he starts working longer then 40 hours, he is getting paid $18 an hour.

So take 40, multiply it by 12, which gives you $480

Next, take 4, and multiply it by $16 ( his overtime ), which gives you $64.

And lastly, take $480 and add $64, which gives you a total sum of $544

A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the __________ value of the asset.

Answers

Your answer will be a

Answer:

Carrying

Explanation:

A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the carrying value of the asset.

A demand curve shows the graphical relationship between price and services

Answers

It should be noted that demand curve shows the graphical relationship between price and services as well as quantity demanded.

What is a demand curve?

The demand curve can be regarded as  economic graphical representation ,which display relationship between the price and quantity demanded.

This demand curve is very crucial in economics because it helps in economic analysis.

Learn more about demand curve at;

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what is the role of HR in the organization?​

Answers

Answer:

department charged with finding, screening, recruiting and training job applicants as well as administering employee-benefit programmes

Explanation:

It is HRM's responsibility to ensure good working environment for the employee.

Which of the following words is easy to pronounce and remember?
1,Eudemos 2,Udemos 3,Defenshell 4,Defeme 5,guard-Juicy
6,Urban-Juicy 7,Speed-S 8,X-tend 9,J-self

Answers

Answer:

X-tend 9

Explanation:

Answer:

In my opinion I think

7, speed - s.

QUESTION ONE
You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian market. Critically analyse what factors you shall consider in advising Freedom Inc. on how it should set its lending interest rates, accounts commissions, fees & charges. [15 marks]

Answers

Freedom Incorporated must take into consideration the following factors before it can arrive at its own rates, fees, charges, and commissions:

The position of other competing financial institutions;the position of the Reserve Financial Institution.

The Reserve Financial institution uses discount rates, reserve requirements, and other monetary policy tools to control the baseline rate below which the banks cannot charge in other to remain profitable.

The discount rate is the rate at which the financial institutions must borrow funds from the reserve institution for onward lending to customers.

Because it is about to enter the market, Freedom Incorporated must use the price penetration strategy by setting rates, commissions, and charges that are slightly above those of the reserve bank but relatively lower than those of other banks so that it can gain traction and patronage quickly.

Care must be taken to consider operating costs. Business economics requires that every business must operate at the point where revenue is in excess of costs. The rates that Freedom Inc. will adopt must meet this requirement.

The reserve requirement is the percentage of its money that a financial institution must bank with the reserve bank. The higher this requirement, the lower the power of the commercial institution to lend to borrowers. When this happens, the cost of banking (that is, rates, charges, commissions, etc) goes up generally. The obverse is also true.

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Recommend promotion that you think will sell the most vehicles.

Answers

Answer:

Promotion 1

Explanation:

I hope this is helpful

Jim’s claim under Title VII is _____________.

Answers

Answer:

Jim's claim under Title VII is valid under hostile work environment sexual harassment.

Explanation:

https://corporate.findlaw.com/human-resources/title-vii-and-sexual-harassment-claims.html

Gerry Co. has a gross profit of $1,200,000 and depreciation expense of $400,000. Selling and administrative expense is $250,000. Given that the tax rate is 40 percent, compute the cash flow from operations for Gerry Co.

Answers

The cash flow from operations for Gerry Co is $730,000.

The following format should be considered:

Gross profit $1,200,000

Less: depreciation $400,000

Less: selling & admin expense -$250,000

EBIT $550,000

Less: taxes (40% of $550,000) $220,000

Net income $330,000

Add: depreciation expense $400,000

Cash flow from operations $730,000

Therefore we can conclude that The cash flow from operations for Gerry Co is $730,000.

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with the knowledge gained from your study of introduction to Total Quality Management, discuss two measures you would put in place to minimize the decline in the business

Answers

Answer:

Total quality management (TQM) is the continual process of detecting and reducing or eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training.

Explanation:

Total Quality Management, TQM, is a method by which management and employees can become involved in the continuous improvement of the production of goods and services. It is a combination of quality and management tools aimed at increasing business and reducing losses due to wasteful practices.

What are Control objectives

Answers

I hope above is the answer of that.

Any attention towards a business from the public media counts as which of
the following?
O A. Publicity
O B. Sponsorship
C. Public relations
O D. Advertising

Answers

Answer:

Publicity

Explanation:

<33

Answer:

publicity

Explanation:

Assuming equal time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity?
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
A) $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000
B) $ 500 $ 0 $ 500 $ 500 $ 500 $ 0
C) $ 100 $ 200 $ 300 $ 400 $ 500 $ 600
a) A
b) B
c) C
d) Any of the above

Answers

C. Is the correct answer,

The following cash flow patterns represent an annuity  $ 100 $ 200 $ 300 $ 400 $ 500 $ 600. Thus, option (C) is correct.

What is Cash Flow?

The net balance of money coming into and going out of a business at a particular period is referred to as cash flow. A firm constantly receives and expends cash. Cash flow is a metric for how much money a company

Earned or spent overall during a given period of time. On the statement of cash flows, a common financial statement, cash flow is often divided into cash flow from operating activities, investing activities, and financing activities.

Time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity. following cash flow patterns represent an annuity of $ 100 $ 200 $ 300 $ 400 $ 500 $ 600.

Therefore,  Thus, option (C) is correct.

Learn more about Cash Flow here:

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#SPJ2

discuss whether or not the demand or changes in supply have a larger influence on the market for tomatoes ​

Answers

Answer:

It have large change in market due to the change in demand and change in supply of tomatoes because when the the rate is increased so show the person stop buying or decrease buying tomatoes and when rate is decreased so people buy more tomatoes and if supply will decrease then and the the rate of tomatoes will automatically.

Hope it helps you.

reasons for looting in SA​

Answers

Answer:

i dont now you have to geve me more infoemation sorry

You are the manager of the best-performing subsidiary in an MNE. Because bonuses are tied to subsidiary performance, your bonus is the highest of all subsidiary managers. Now headquarters is organizing managers from other subsidiaries to visit and learn from your subsidiary. You worry that if performance at other subsidiaries catches up, your subsidiary will no longer be the star unit and your bonus will go down. What are you going to do?

Answers

I am the bonus and will try hard to be the bonus to be bonus

explain how the looting of shops will affect businesses in terms of relationships with social responsibility and triple bottom line

Answers

the looting of shops and malls would ruin and affect business of the relationship between Consumers and responsibility

MCQ: An advantage of 'forced distribution method' is
A. avoids central tendency and biases
B. avoids central tendency and biases
C. provides behavioral anchors
D. end up with predetermined rating figures

Answers

Answer:

A. avoids central tendency and biases

Explanation:

A business would like to invest in a new product, but they are short on extra
cash for such purposes. They are in a good position as a business, though:
Their employee costs are average, their market share is relatively high, and
they have enough inventory on hand to last for months. What would be one
good solution if they want to find extra cash for the new product?
A. Fire at least one employee.

B. Cut wages for all employees.

C. Raise prices on their inventory even if it takes longer to sell it.

D. Liquidate some inventory to increase cash flow.

Answers

If i had to answer i would say C or D. (:

Answer:

d is answer I think ok that's not for sure

A sales rep is talking to a prospect about his companys product the prospect says shes been buying from a competitor for 10 years and likes thier product. What should the rep do first?

Answers

Ask what exactly about that competitor does the prospect like. From there compare how your product is just as good as theirs and then some by telling the prospect about what sets you apart.

The best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.

A sales rep serves as a window for a firm sales because they meet directly with the prospect.

In conclusion, the best statement that the sales rep should first do is guarantee the prospect a better price than they can get from the competitor.

Read more about sales rep

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What do you know about the company/organization you wish to work for?

Answers

Explanation:

Financial health of the company.

Company's brand value.

Work culture and environment.

wages and salary ofc

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