Determine and calculate the net income

Assignment Help Accounting Basics
Reference no: EM132482411

Question 1: Charlie's Chocolates' owner made investments of $76,000 and withdrawals of $33,000. The company has revenues of $109,000 and expenses of $77,000. Calculate its net income.

Reference no: EM132482411

Questions Cloud

What must be true about average variable cost : If the marginal cost is falling, what must be true about average variable cost and average total cost?
Effect on the price elasticity of demand for commuter rail : What effect on the price elasticity of demand for commuter rail is there likely to be from a decrease in the price of gasoline? Explain your answer.
Describe communication and social strategies skills : Eleven-year-old Willis does not speak, but uses an iPad with special software to communicate his wants, needs, ideas, tell jokes, interact with friends.
What is the value of the factory : A factory costs $510,000. You forecast that it will produce cash inflows of $155,000 in year 1, $215,000 in year 2, What is the value of the factory?
Determine and calculate the net income : Charlie's Chocolates' owner made investments of $76,000 and withdrawals of $33,000. The company has revenues of $109,000. Calculate its net income.
Determine how much is charliecurrent ratio : Determine How much is Charliecurrent ratio? (Round your answer to two decimal places.). A partial list shows that Charles Corporation's adjusted trial balance
Why adapted play material beneficial for individual with asd : Describe how educators can incorporate principles of Universal Design for Learning (UDL) to modify or adapt instruction to meet the academic needs of students.
Describe the rational emotive therapy and behavior therapy : Compare and contrast the main techniques of rational emotive therapy, behavior therapy and cognitive therapy. Compare and contrast the view of psychopathology.
How much is in the account : Rate earned on the account was 5%. Since then, rates have been only 3%. Now you are 22 years old and ready to cash in. How much is in your account?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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