The income statement begins with revenues and subtracts costs to arrive at Earnings before Interest and Taxes (EBIT).
We then subtract out interest to get taxable income, and then subtract taxes to arrive at net income. Doing so, we get:
Income statement
Sales $593000
Costs (265000)
Depreciation (67000)
--------------------------
EBIT $261000
Interest (34000)
--------------------------
Taxable income $227000
Taxes (35%) (79450)
--------------------------
Net income $147550
The dividends paid plus the addition to retained earnings must equal net income, so:
Net income = Dividends + Addition to retained earnings
$147550 = $40,000 + Addition to retained earnings
Addition to retained earnings = $147550– 40,000
Addition to retained earnings = $107550
If a union is present in a firm that has a(n) _________ shop arrangement, workers may join the union if they wish, but they are not required to join or pay a union fee in order to keep their jobs.
Real gdp will increase
a. only when output increases.
b. only when prices increase.
c. when prices increase or output increases.
Real GDP will increase when prices increase or output increases.
Explanation:The correct answer is c. when prices increase or output increases.
Real GDP (Gross Domestic Product) measures the total value of goods and services produced in an economy. It is influenced by both changes in output and changes in prices. When output increases, more goods and services are being produced, which leads to an increase in real GDP. When prices increase, the value of those goods and services also increases, which again results in an increase in real GDP.
For example, if output increases due to improvements in technology or an increase in investment, real GDP will increase. Similarly, if there is inflation and prices across the economy rise, the value of goods and services produced also increases, leading to an increase in real GDP.
Learn more about Gross Domestic Product here:https://brainly.com/question/32169010
#SPJ6
If a contestable market does not satisfy all of the conditions of a perfectly competitive market, that contestable market _______________ achieve resource allocative efficiency.
True or false? because you have made it a practice to never access the internet while your personal database is open, you can rest assured that your database would likely not be vulnerable to any compromises.
A computer monitor uses 2.0 a of current when it is plugged into a 120 v outlet. the monitor is never turned off. what is the yearly cost of operating the monitor if the cost of electricity is $0.12/kwh
The yearly cost of operating a computer monitor that uses 2.0 A of current and 120 V outlet, to operate the monitor is $252.29. The answer is $252.29/year.
The student asked about the yearly cost of operating a computer monitor that uses 2.0 A of current when plugged into a 120 V outlet and is never turned off, with electricity costing $0.12/kWh. To calculate this, we first need to determine the power used by the monitor which is the product of the current (I) and the voltage (V), resulting in Power
(P) = I × V = 2.0 A × 120 V = 240 W.
This power needs to be converted to kilowatts, so P = 0.240 kW. Since the monitor is never turned off, it operates 24 hours a day for the entire year (365 days). Thus, the energy consumed (E) over a year is
E = P × time = 0.240 kW × 24 h/day × 365 days/year = 2102.4 kWh/year. Finally, we calculate the cost by multiplying the energy consumed by the cost of electricity,
Cost = E × cost of electricity = 2102.4 kWh/year × $0.12/kWh = $252.29/year.
Team cohesiveness does not necessarily lead to higher team productivity.
When manufacturers such as pampered chef sell directly to consumers, they perform both production and retailing activities?
Which financial statements is divided into major categories of operating, investing and financing activities?
The predisposition in which people's subjective confidence in their decision making is greater than their objective accuracy is ____. confidence bias overconfidence bias hindsight bias predisposition bias the tunnel vision effect
You consider the situation, roll up your sleeves and get to work. what should be the first steps you take in obtaining the information you need in order to solve tristate's problem?
Setting up a meeting with marketing and other involved parties in order to define the problem that needs to be solved is one of the first steps that should be taken in acquiring the information you wish to get in order to solve Tristate’s problem You got off to a good start by choosing to define the problem before you started examining data or seeking new information
The first step involved in solving a tristate problem is to define the problem.
Further Explanation:
Defining the Problem: The defining the problem requires setting up meeting with the marketing and other involved parties in order to define the problem that needs to be solved. It involves collecting data and obtaining new information in order to define problem in absolute terms. Tristate problem is to find the way to use the surplus capacity. The states are having the surplus supply of the milk and wants to fin d the way that how the milk should is to be utilized. Once the problem has been defined properly, the research objectives can be determined like who would be interested in buying the flavored milk. After the objectives of the research has been determined based on that research plan well be developed.
Therefore, the first step involved in solving a tristate problem is to define the problem.
Learn more:
1. Learn more about Collaboration Research
https://brainly.com/question/4828681
2. Learn more about Decision making
https://brainly.com/question/6618895
3. Learn more about Problem Solving Strategy
https://brainly.com/question/10576116
Answer details:
Grade: High School
Subject: Business Research
Chapter: Research design
Keywords: Consider the situation, roll up your sleeves and get to work, what should be the first steps you take in obtaining the information you need in order to solve tristate's problem, defining the Problem .
Luis consulting started the year with total assets of $60,000 and total liabilities of $17,000. during the year, the business recorded $48,000 in consulting revenues and $36,000 in expenses. luis made an additional investment of $8,000 and withdrew cash of $9,000 during the year. ownerâs equity changed by what amount from the beginning of the year to the end of the year? $11,000. $3,000. $12,000. $45,000.
The owners equity changed by $11000. So, the correct answer is option A.
What is equity?Equity refers to the ownership interest of shareholders in a company, represented by the assets that remain after all liabilities are paid. It is also known as net worth or shareholder's equity.
Owner's equity at the beginning of the year is
Assets-liabilities
60,000−17,000=43,000.
Owner's equity at the end of the year is beginning balance + revenues - expenses + additional investment-withdrawal amount:
43,000+48,000−36,000
+8,000−9,000
=54,000
Owner's equity changed by ending balance-beginning balance:
54,000−43,000=11,000.
Therefore, owners equity changed by $11000. So, the correct answer is option A.
Learn more about equity, here:
https://brainly.com/question/31458166
#SPJ2
Macheath inc. bought 60% of the outstanding common stock of nomes inc. in an acquisition business combination that resulted in the recognition of goodwill. nomes owned a piece of land that cost $250,000 but was worth $600,000 at the date of acquisition. what value would be attributed to this land in a consolidated balance sheet at the date of acquisition?
As of june 30, 2013, actual tigers company has assets of $100,000 and stockholders' equity of $30,000. what are the liabilities for actual tigers company as of june 30, 2013?
Mezzah bros., a video store that sells dvds and entertainment publications, stores its products in separate warehouses. moreover, it uses different modes of transportation to deliver them to customers. this scenario illustrates the _____ of mezzah bros.â
How do oligopolies influence market inefficiencies?
Why might you need to verify risk elements if a substantial amount of time has passed since you performed a risk assessment?
The model of monopolistic competition characterizes the market for plumbing services in a city. suppose that the market is in long-run equilibrium. for a typical plumbing firm, price:
A state university announces that it is prohibiting the hiring of hispanics for certain jobs. this is an example of which kind of discrimination
A firm has good associations with its customers, suppliers, and others who provide added mutual value for the firm. name the form of intellectual capital that is possessed by the firm due to its good associations.
Relationship capital is the answer. it is a form of intellectual capital, which is the value derived from an organization's relationships with customers, suppliers, and others who provide added mutual value for the organization. It includes brand image and organization’s goodwill.
The use of computer technology to provide exposure to feared objects during systematic desensitization is called ____.
The answer to this question is a Virtual reality therapy. A virtual reality therapy is also known as virtual reality immersion therapy or VRIT. Virtual reality therapy is a therapy for patients of PTSD and those who experience stroke which is set to be effective for this case. A special computer is used in this treatment and a simulation is being experienced by the patients.
Gross Accounts Receivable is $12,000. Allowance for Doubtful Accounts has a credit balance of $600. Net sales for the year are $100,000. In the past, 2% of sales had proved uncollectible, and an aging of the receivables indicates $1,900 as uncollectible. What would be the adjusted balance of the Allowance account under the balance sheet approach? A. $2,000 B. $1,400 C. $2,500 D. $1,900
What are the purposes of the two parts of the report of management? the purpose of the first part of the report of management is for management to?
In competitive settings profits will lead firms to
For more advanced language learners, these can provide both news and drama from which teachers can create motivational practice activities in oral and written language.
The growth of entrepreneurship is being fed by: question 1 options: diminished opportunities in overseas markets for larger corporations. the vilifying of large corporations in society. the return to a manufacturing-based economy. technological advancements.
Identify and perform ten resistance training exercises. describe which phase of the exercise is the eccentric, concentric, and isometric phase of the movement. at which phase is the muscle the strongest? why? describe how what you have learned during this experience will help you in your future training endeavors.
Keisha has been asked to give a presentation about a new method for processing customer returns. the first thing she should do is
a. develop an outline of the points she wants to cover in her presentation.
b. prepare the visual aids she will use in delivering the presentation.
c. determine the purpose of her presentation.
d. write the text of her presentation.
The purchase of store equipment for cash reduces assets and owner's equity by an equal amount.
a. True
b. False
if a reporter asks you, "When did your team stop floundering and get control of this emergency" the following is your best response
Net income isâ ________.
a. the cash flow from the operations of the company during the period.
b. not cash flow.
c. the increase or decrease in cash flow for the period.
d. earnings before interest and taxes.
Net income is a not cash flow. The amount of money left over after all expenses have been paid is known as net income. The correct option is (b).
What do you mean by the Net income?Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings.
Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement.
Businesses determine their earnings per share using net income. Since it appears at the bottom of the income statement, net income is frequently referred to as the bottom line by business analysts.
Therefore, Net income is a not cash flow. The amount of money left over after all expenses have been paid is known as net income.
To know more about the Net income, visit:
https://brainly.com/question/15570931
#SPJ2