Problem regarding the gatto net income

Reference no: EM13992447

Gatto Production Services started the year with total assets of? $120,000 and total liabilities of? $65,000. The revenues and the expenses for the year amounted to? $110,000 and? $50,000, respectively. During the? year, the company did not issue any common? stock, but it distributed dividends of? $70,000. Calculate? Gatto's net income for the year.

Reference no: EM13992447

Questions Cloud

Write an expression for the image distance : Write an expression for the image distance, di. Numerically, what is the image distance in meters? Is this real or virtual? Numerically, what is the image height, hi?

Document flow chart for caesar ltd : 1. Using the information in the case study, draw a document flow chart for Caesar Ltd 2. Using the information in the case study, draw a level 0 DFD and a context diagram for Caesar Ltd

Reasonable approximation normally distributed : An insurance company's losses of a particular type per year are to a reasonable approximation normally distributed with a mean of $150 million and a standard deviation of $50 million. (Assume that the risks taken on by the insurance company are en..

What improvements would you suggest to the camera designers : Discuss the inherent design limitations of cell phone cameras from an optical perspective. Based on your observations, what improvements would you suggest to the camera designers?

Problem regarding the gatto net income : During the? year, the company did not issue any common? stock, but it distributed dividends of? $70,000. Calculate? Gatto's net income for the year.

Government spending or a decrease in taxes : Do you think that fiscal policy can be effective given the large federal deficit? Also, what would have a more direct impact in our economy, an increase in government spending or a decrease in taxes?

Explain the concept of culture : Explain the concept of culture. Why is it important to avoid ethno-centricity and gain cultural literacy? In an international business context, what strategies would you apply to achieve your stated goals?

Calculate the closest distance the person can stand to lens : Calculate the closest distance the person can stand to the lens. For this object distance, how far should the film be located from the lens?

Calculate the consumer surplus at the equilibrium price : Suppose that the demand curve (hundreds) for apples is given by Qd = 140 - 5P, where Qd is the number of pounds demanded per year and p is the price per pound. The supply of apples can be described by Qs = 40 + 3P, where Qs is the number of pounds..

User Account

All Pages