Answer:
a) dollar amount of the gross profit = 17000
b) dollar amount of the income from operations = 11700
c) dollar amount of the income before income tax = 11900
d) dollar amount of the net income = 8400
Explanation:
(a) Gross profit:
= Sales - Cost of goods sold
= 50,000 - 33,000
= $17,000
(b) Income from operation:
= Gross profit - Bad debt expenses - other operating expenses - Selling and administrative expenses
= $17,000 - $100 - $500 - $4,700
= $11,700
(c) Income before income tax:
= Income from operation + Interest Income and Other Non-operating Revenues
= $11,700 + $200
= $11,900
(d) Net income:
= Income before income tax - Income tax
= $11,900 - $3,500
= $8,400
We can see that by default, the hyperlink will display the text in the hyperlink itself, such as the web URL. This behaviour be modified in the following way: Display Alt Text.
<h3>What is hyperlink?</h3>
A hyperlink is actually known to be a link that makes reference to a data that a user can follow. Users can click or tap on the links and be guided. Hyperlink can actually point to a whole document or some specific element in the document.
It will be worthy to note that hypertext is usually text that has hyperlink.
We see that Display Alt Text will be the way that the stated behaviour can be modified.
Learn more about hyperlink on brainly.com/question/17373938
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Answer:
$58,750
Explanation:
Paving Costs $38,750
Lighting Costs $20,000
Total cost to be included in land improvement account $58,750
Please note that cleaning agreement cost is revenue expenditure,therefore should be charged to profit and loss account not in land improvement account.
Answer:
21.26%
Explanation:
Overall rate of return = Total amount of dollar returns / Total investment
Overall rate of return = [($18,000 * 26%) + ($22,000 * 15%) + ($70,000 * 22%)] / $110,000
Overall rate of return = ($4680 + $3300 + $15400) / $110,000
Overall rate of return = $23,380 / $110,000
Overall rate of return = 0.21255
Overall rate of return = 21.26%
Answer:
a) consumer
$5
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.
The price of the goods is $35 but Alice would pay ($35 - $10) = $25
The consumer surplus is $30 - $25 = $5
Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.
I hope my answer helps you.
