Calculate the operating income of Endive

Assignment Help Accounting Basics
Reference no: EM133103044

Question - Endive & Co., a service business, earned fees of $354,300 in the current year. It incurred operating expenses of $245,700. Calculate the operating income of Endive for the current year.

a. $600,000

b. $249,243

c. $354,300

d. $108,600

Reference no: EM133103044

Questions Cloud

Compute Mayfields quick ratio : Mayfield Inc. has the following data: Total current assets $466,080 and Current liabilities $164,200. Compute Mayfields quick ratio
One-screen data search : Use the "One-Screen Data Search" option for "All Urban Consumers (Current Series).
Relationship between parents and adolescent children : Post a description of your thoughts on what constitutes an ideal relationship between parents and their adolescent children. Explain how parents might best bala
Describe mind map and mental map : Share an example of how to use the tools (apply it to surface coal mine safety if possible). Include diagrams or other visuals as appropriate.
Calculate the operating income of Endive : Question - Endive & Co., a service business, earned fees of $354,300 in the current year. Calculate the operating income of Endive
Possible areas of focus for action research proposal : List three possible areas of focus for an action research proposal. Reflect on why one of those focus areas is of particular interest to you.
Describe the importance of relationships in negotiation : Describe the importance of relationships in negotiation.
What is the value of the stock to an investor : If the dividend is expected to stay at $3 per year for foreseeable future, what is the value of the stock to an investor with required rate of return of 10%
Diversification strategy and its effectiveness : Identify AirBnb's corporate/diversification strategy and its effectiveness.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much should you contribute each month

Your employer offers a 401(k) plan with a 50% match, how much should you contribute each month to the 401(k)? Round your answer to the nearest dollar

  Determine the book value per share of common stock

Calculate and Determine the book value per share of Common Stock as of end of the FY 2018: (Round your answer to the nearest penny.)

  What will be the balance of allowance for bad debts

What will be the balance of Allowance for Bad Debts on the December 31, 2017 balance sheet

  Which is not a significant feature of a system

Which is NOT a significant feature of a system of internal control over cash? The staff member responsible for approving invoices for payment should sign cheque

  Was this an internal or external stakeholder?

Using an Internet search engine, determine who the whistleblower was at Enron. Summarize the circumstances. What was the relationship of this person with the company? Was this an internal or external stakeholder?

  What is the amount of cash that buyer pays the seller

A sales invoice included the following information: merchandise price, $65,700; what is the amount of cash that buyer pays the seller

  Why arent actual manufacturing overhead costs traced to job

Why aren't actual manufacturing overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs?

  Calculate Jonathan taxable income

Jonathan is a 35-year-old single taxpayer with adjusted gross income in 2019 of $46,300. Calculate Jonathan's taxable income. Please show your work

  Compute gross profit or loss to be recognized

Assuming Curtiss recognizes revenue over time according to percentage of completion, compute gross profit or loss to be recognized in each of the three years

  Compute the overhead variances for the year

Compute the overhead variances for the year: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance

  Prepare the General Journal entry for January

Gaga Company's stock was trading on the open market for $12 per share at the end of the year. Use this information to prepare the General Journal entry

  The cash flow on total assets ratio reflects the companys

1.business activities that either generate or use cash are classified as operating investing or financing activities on

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd