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## SOLVED: Give an example of when an actual net income would result in a negative number a.When the budgeted expenses exceed the actual expenses, the result is a negative actual net income.b.When the actual expenses exceed the actual income, the result would be a negative dollar amount.c.When the budgeted income is less than the actual income, the result is a negative actual net income.d.When the actual expenses are less than the actual income, the result is a negative dollar amount.TIMED TEST

Looking at the company’s filings, net income is carried over from the income statement and is the starting point for calculating cash flow. From the net income amount, cash transactions for the period are either added or subtracted. “Net income sheds...

## Easy Formula to Calculate Markup & Margin

The term gross profit margin refers to a financial metric that analysts use to assess a company’s financial health. Gross profit margin is the profit after subtracting the cost of goods sold (COGS). Put simply, a company’s gross profit margin is the money...

## Void vs Delete vs Reverse Checks

Debit cards, online banking and banking apps may seem to have replaced paper checks. However, checks are still a very viable and necessary part of your personal finances. From writing checks to pay for something, to voiding a check for various uses, here is everything...

## Prime Costs: Definition, Formula, Explanation, and Example

Indirect costs, such as utilities, manager salaries, and delivery costs, are not included in prime costs. One reason why indirect costs are excluded from the prime cost calculation is that they can be difficult to quantify and allocate. Consider a professional...

## General Ledger Purchase Example Chron com

The total of the balances in Noel’s purchases ledger amounts to Rs , which does not agree with the closing balance in the Control account. Using the rules above we can now balance off all of Edgar Edwards’ nominal ledger accounts starting with the bank account....

## How to calculate opportunity cost for business decisions

When looking at opportunity cost, you are looking for the potential of the cost. You can use calculations and formulas, but they might not always be accurate since the future cannot be predicted completely. With you are calculating the opportunity cost, you will...
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