The net income on the income statement should be

Assignment Help Financial Management
Reference no: EM132324956

Question

Bob told Robert that it was necessary to include all relevant information on an income statement. He showed Robert the following data: $8,000 in owner investment, $15,000 in revenue, $21,000 in equity, and $3,000 in expenses.

Based on this data, the net income on the income statement should be?

Reference no: EM132324956

Questions Cloud

Direct intervention into credit markets : Since adjusting the required reserve ratio is a direct intervention into credit markets, this monetary policy tool is not so often used by the Fed.
Essay Topic - Codelfa construction pty ltd : Human Resource Management And Law Assessment - Essay writing Topic - Codelfa construction pty ltd & state rail authority of NSW
Does that complicate the goal of preventing all statement : Suppose the internal auditor reports to the CEO. Does that complicate the goal of preventing all financial statement fraud or misstatements? If so why?
How many streetlights are socially optimal : Suppose 10 people each have the demand Q = 20 - 4P for streetlights and 5 people have the demand Q = 18 - 2P for streetlights.
The net income on the income statement should be : He showed Robert the following data: $8,000 in owner investment, $15,000 in revenue, $21,000 in equity, and $3,000 in expenses.
Explain how is a person a political person in organization : Explain how is a person a political person in an organization? How can their level of political tendencies impact their career? Explain, Example
Describe the important element of research in detail : An important element of research is the identification, organization, and rapid analysis of the literature. A valuable tool that I myself often use.
Provide a brief definition of consumption smoothing : Provide a brief definition of consumption smoothing. Describe one mechanism by which households can achieve consumption smoothing
Potential disadvantages of prezi-style presentations : What are the potential disadvantages of Prezi-style presentations?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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