Corporation began the year with cash of $ 152 comma 000 and land that cost $ 24 comma 800. During the year Parker earned service revenue of $ 270 comma 000 and had the following expenses: salaries, $ 158 comma 000 ; rent, $ 89 comma 000 ; and utilities, $ 22 comma 000. At year-end Parker 's cash balance was down to $ 15 comma 000. How much net income (or net loss) did Parker experience for the year?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Corporation began the year with cash of $ 152 comma 000 and land that cost $ 24 comma 800. During the year Parker earned service revenue of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is likely to be the result when members join a group for different reasons?
Answers (1)
Security A offers an expected return of 14%, with a standard deviation of 8%. Security B offers an expected return of 11%, with a standard deviation of 6%. If you wish to construct a portfolio with a 12.
Answers (1)
Nick has a policy that the insurer can cancel when he turns 65. Which type of policy is it?
Answers (1)
CoolFresh sold a refrigerator to Paul. Paul speaks only Spanish and the contract was never translated into Spanish from English.
Answers (1)
What is a likely explanation for why the budget of a government agency might increase beyond its optimal size?
Answers (1)
New Questions in Business
What processes are needed in order to shape alternative design strategies for a system?
Answers (1)
Over the past 40 years, technological advances have reduced the cost of computer chips. how do you think this has affected the market for computers? for computer software? for typewriters?
Answers (1)
Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses
Answers (2)
What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.
Answers (2)
In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?
Answers (1)