Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 21, 2024

SA3 Gobta Inc. has $75,000of revenue, $250,000 of assets, $100,000 of liabilities and $45,000 of expenses for the month of July. What would Gobta Inc.

image text in transcribed

SA3 Gobta Inc. has $75,000of revenue, $250,000 of assets, $100,000 of liabilities and $45,000 of expenses for the month of July. What would Gobta Inc. record as their net income for the month of July? Type your numeric answer and submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Accounting questions

Question

★★★★★

Luis operates a bakery as a sole proprietorship which generated $280,000 in net income. He has four bakers whom he employs on a full-time basis and who participate in a company-paid health insurance...

Answered: 1 week ago

Question

★★★★★

Please help me to fix this C language program, It can not compile. The final answer should be print 12 in the result. Code: #include #include int bar (int b) { int i; i=b+b; return(i); } int foo(int...

Answered: 1 week ago

Question

★★★★★

11. The following statements appeared in an article by James Picerno:24 Its easier to identify weak points in a given risk metric than to offer solutions. So, fairly or not, the Sharpe ratios various...

Answered: 1 week ago

Question

★★★★★

Assume that today is March 7, and, as the newest hire for Goldman Sachs, you must advise a client on the costs and benefits of hedging a transaction with options. Your client (a small U.S. exporting...

Answered: 1 week ago

Question

★★★★★

SA3 Gobta Inc. has $75,000of revenue, $250,000 of assets, $100,000 of liabilities and $45,000 of expenses for the month of July. What would Gobta Inc. record as their net income for the month of...

Answered: 1 week ago

Question

★★★★★

For 19 years, Janet saved $650 at the beginning of every month in a fund that earned 5.5% compounded annually. a. What was the balance in the fund at the end of the period? Round to the nearest cent...

Answered: 1 week ago

Question

★★★★★

The walls of the ventricle possess thick muscular projections they are known as......?

Answered: 1 week ago

Question

★★★★★

Regulation of normal activities of the human heart take place?

Answered: 1 week ago

Question

★★★★★

The location of the neuro centre activity of the heart is.......?

Answered: 1 week ago

Previous Question Next Question