A business had revenues of $430,000 and operating expenses of $615,000. Did the business (a) Incur a
Question:
A business had revenues of $430,000 and operating expenses of $615,000. Did the business (a) Incur a net loss or (b) Realize net income?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a The busin...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
A business had revenues of $750,000 and operating expenses of $670,000. Did the business (a) Incur a net loss (b) Realize net income?
-
A business had revenues of $280,000 and operating expenses of $315,000. Did the business (a) Incur a net loss (b) 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?
-
A test rocket is launched by accelerating it along a 200.0-m incline at 1.25 m/s2 starting from rest at point A (Figure 3.45.) The incline rises at 35.0o above the horizontal, and at the instant the...
-
Wythe Industries is in the process of analyzing its manufacturing overhead costs. Wythe Industries is not sure if the number of units produced or the number of direct labor (DL) hours is the best...
-
The concept of a perfect market depends on a number of conditions. What are these conditions? Would inflation rates, interest rates, and wages among countries be more similar or less similar under...
-
Do you pay for certain Web services? Georgia Institute of Technology's Graphics Visualization and Usability Center surveyed 13,000 Internet users and asked them about their willingness to pay fees...
-
The KLK Clothing Company manufactures professional clothing for women. In order to keep costs low while still producing quality clothes, KLK conducts many research and development projects. On a...
-
Evaluate the following argument using empirical evidence where appropriate: the stakeholder model is a better approach compared to the principal-agent model of corporate governance. (1000 words pls)
-
A person stands on the ball of one foot. The normal force due to the ground pushing up on the ball of the foot has magnitude 750 N. Ignore the weight of the foot itself. The other significant forces...
-
Do the iGAAP and U.S. GAAP conceptual frameworks differ in terms of the role of financial reporting? Explain.
-
A business had revenues of $825,000 and operating expenses of $708,000. Did the business (a) Incur a net loss or (b) Realize net income?
-
Would the country actually have an increase in well-being as a result of the pollution and the clean-up activities?
-
1. A concise introduction of the brand, including but not limited to a brief history, location information, size of the business, product/service offering, and so on.Give brief explanation. 2. Which...
-
A wood frame structure as shown to the right. The framingconsists of 2x6 studs, a single 2x6 bottom plate, two 2x6 topplates and a 2x10 joist. The studs are spaced at 16 in. on centerand sheathed...
-
In your reflection journal please list your order - 'most efficient' mediums at the top, 'least efficient' at the bottom. (for eg. social media, display ads, etc)Then, in five hundred words or more,...
-
Energy prices and global warming are discussed daily in the news as environmental impact of e-waste is just beginning to be recognized. Sustainability and corporate social responsibility need to be...
-
3. A Channel section is connected to a 10mm gusset plate with 20mm- diameter bolts as shown in the figure. The connecting member is subjected to dead load and live load only. The pitch distance,...
-
Change managers should try to provide a clear narrative that articulates the what, why, and how of a proposed change.
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
Using Google or Bing, identify an international public relations firm. Write a report describing the organizations activities and programs.
-
Prepare journal entries to record the following events: Jul. 1 Klemens Company accepted a 5%, 3-month, $8,000 note dated July 1 from Mox Company for the balance due on Mox's account. Jul. 31 Klemens...
-
FINANCIAL STATEMENT ANALYSIS INSTRUCTIONS 1. PREPARE RATIO ANALYSIS REPORT ( word file) Format 1. Introduction 2. Importance of Financial Statements 3. Importance of Financial statement analysis and...
-
Let us assume that Europe is in recession, China's economy is slowing down, and the US economy is growing at 1-2%. Use these assumptions to invest in 4 ETFs (electronically traded funds). The 4 ETFs...
Study smarter with the SolutionInn App