User Account

All Pages

What is the net income of the business in for year ended

Assignment Help Accounting Basics
Reference no: EM132610295

Question - Consider the following transactions from 1 January 20x1 to 31 December 20x1:

I. Owners invested $8,000 cash to begin the business

II. Provided services for cash, $6,000

III. Provided services on account, $4,000

IV. Paid cash for expenses, $7,500

What is the net income of the business in for year ended 31 December 20x1?

a. $2,500

b. $4,500

c. $6,500

d. $10,500

e. None of the above.

 

Reference no: EM132610295

Questions Cloud

Customers when accessing reputations : what kinds of protections might a customer expect from other customers when accessing reputations?
Causing infertility of the couple : Explain why a problem in the female reproductive tract could be the source of the issue
Compute what was the materials price variance : What was the materials price variance?The Alpha Company produces toys for national distribution. Standards for a particular toy
Analyzing and visualizing data : Write a short paper discussing the application of this course (Analyzing and Visualizing Data) to your work environment.
What is the net income of the business in for year ended : Owners invested $8,000 cash to begin the business. What is the net income of the business in for year ended 31 December 20x1
Determine what was the materials price variance : What was the materials price variance? 14,000 grams were purchased and used at a total cost of $7,140. 2,500 hours worked at a total cost of $8,000.
Interests in the area of information technology : What are your research interests in the area of Information Technology?
How to make extract of Income statement : A Mercedes class c250 sedaan 2015 was bought. Seat comfort package 1518 and Dealer delivery charges 4346.96. How to make extract of Income statement
Discuss benefits of virtualization software : Discuss the benefits of virtualization software, as described in the text. Do you agree/disagree with these benefits,

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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