User Account

All Pages

What the net income reported by Johnny Car Repair Shop

Assignment Help Accounting Basics
Reference no: EM133047228

Question - Johnny's Car Repair Shop started the year with total assets of $60,000 and total liabilities of $40,000. During the year the business recorded $100,000 in car repair revenues, $55,000 in expenses, and dividends of $10,000. What the net income reported by Johnny's Car Repair Shop for the year?

Reference no: EM133047228

Questions Cloud

Discuss alibaba success : Discuss Alibaba's success by using Porter's Five Forces Model.
Community engagement strategy : 1. Targets the community which your agency serves.
Find relative frequency for class : Recently a study of fans attending the New York Mets baseball games was conducted and 500 fans were surveyed. In forming a frequency distribution of the number
Discuss directed-energy weapons : Very briefly discuss directed-energy weapons. Of all of these CBRNE weapons, which one do you believe is our biggest threat and why?
What the net income reported by Johnny Car Repair Shop : Johnny's Car Repair Shop started the year with total assets of $60,000 and total liabilities of $40,000. What the net income reported by Johnny Car Repair Shop
Discuss the elements of strategic management : Discuss the elements of strategic management and explain why it is crucial to an organization's survival.
Describes the health and social care services : Prepare a set of slides for a presentation which explains the structure of the health and social care sector in a country of your choice.
How broader environmental conditions have impacted firm : Explain how broader environmental conditions have impacted this firm (favorably or unfavorably) so far and might do so in future.
Evolution of USA Patriot Act : Discuss the advent and evolution of the U.S.A. Patriot Act. In discussing the concerns, please be specific as to the constitutional concerns present.

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