Incur a net loss or realize net income

Assignment Help Accounting Basics
Reference no: EM131126148

A business had revenues of $600,000 and operating expenses of $715,000. Did the business 

(a) Incur a net loss or 
(b) Realize net income? 

Reference no: EM131126148

Questions Cloud

Differentiate phonological awareness : Identify some good activities to help children explore these skills. Be sure to identify each activity as either phonological/phonemic awareness or phonics. Where did you find each activity?
What particular item of financial or operating data : What item appears on both the balance sheet and the statement of owner's equity? What item appears on both the balance sheet and the statement of cash flows?
Prove the statement using induction : Prove the following statement, using induction on n. if n ∈ N and x and y are greater than or equal to zero, then
Exaggerated response of the immune system : Once cytotoxic T cells are produced, which of the following is (are) consistent with their ability to attack intracellular viruses? An abnormal, exaggerated response of the immune system is called
Incur a net loss or realize net income : A business had revenues of $600,000 and operating expenses of $715,000. Did the business (a) Incur a net loss or (b) Realize net income?
What are the possible fates for this molecule : Which molecule of glycolysis is called the "branch-point molecule". -- What are the possible fates for this molecule?
Describe the anatomy and histology of the respiratory system : Describe the anatomy and histology of the respiratory system and how each of the functions are related
Difference between account receivable and account payable : Describe the difference between an account receivable and an account payable.
Name the substrate for enzyme triosephosphate isomerase : Name the substrate and product for this enzyme.- What other step of glycolysis uses essentially the same mechanism (but different substrate and product)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the expected return of each asset

What is the expected return of each asset?

  Mixture distribution for a singly time censored sample

Mixture. A distribution with a "bathtub" hazard function is a mixture of two Weibull distributions with parameters α,, ßI,: and proportion

  Rice hepburn and dimacro formed a partnership with rice

rice hepburn and dimacro formed a partnership with rice contributing 60000 hepburn contributing 50000 and dimacro

  Seldin company owns a royalty interest in an oil well what

seldin company owns a royalty interest in an oil well. the contract stipulates that seldin will receive royalty

  What was bob realized gain on the sale

Bob owns a rental property that he bought several years ago for $260,000. He has taken depreciation on the house of $37,000 since buying it. e sells it in 2011 for $290,000. His selling expenses were $12,000 for the year. What was Bob's realized g..

  There are four methods of data collection used in the study

There are four methods of data collection used in the study of the current system: observation, documentation review, interviews, and questionnaires. Compare and contrast these four methods.

  Prepare shetlands journal entry to record

Shetland Inc. had pretax financial income of $154,000 in 2012. Included in the computation of that amount is insurance expense of $4,000 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting deprec..

  Identify the principal risk-management processes

Should Gentry Lee recommend launch or delay for the MBE mission? What are the most important factors to consider in this decision - Identify the principal risk-management processes used in the MBE project. What role does each play, and what is crit..

  Earnings and profits balances place the upper limit on the

earnings and profits balances place the upper limit on the amount of dividend that shareholders must recognize for tax

  Jim taylor wants taylor company to use cvp analysis to

jim taylor wants taylor company to use cvp analysis to study the effects of changes in costs and volume on the company.

  To purchase a house a homebuyer takes out a mortgage

to purchase a house a homebuyer takes out a mortgage borrowing 260000 at the annual interest rate 3.9 compounded

  Internet or the encyclopedia of associations

Using either the Internet or the Encyclopedia of Associations, identify a group or organization that might be able to supply information 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