« previous next »

Author Question: Review the income statement and make any corrections that you feel are necessary. Bank, Rupp ... (Read 21 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jul 5, 2018
Review the income statement and make any corrections that you feel are necessary.
 
  Bank, Rupp & Baroque, Inc.
   Income Statement
   For the Month Ended November 30, 2012
  Revenues
   Sales 38,000
   Accounts receivable 5,800
  Total revenues 43,800
  Expenses
   Rent  3,000
   Accounts payable 7,500
   Salaries 3,750
   Maintenance 850
  Total expenses 15,100
  Net income (loss) 28,700

Question 2

Top security concerns reported by IT security professionals include all the following except:
 a. data breaches
  b. cyber crimes and cyber attacks
  c. data backup
  d. workforce mobility


ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 5, 2018
Answer to Question 1

Bank, Rupp & Baroque, Inc.
Income Statement
For the Month Ended November 30, 2012

Sales revenue 38,000
Expenses
Rent  3,000
Salaries 3,750
Maintenance 850
Total expenses 7,600
Net income (loss) 30,400

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

The use of bacteria to make human insulin The use of bacteria to make human insulin
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
A food diary can help patients identify unhealthy eating habits and make healthy choices. A food diary can help patients identify unhealthy eating habits and make healthy choices.
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library