Net income of dinkel company

Reference no: EM13259141

The following items are taken from the financial statements of Dinkel Company for the year ending December 31, 2010:

Accounts payable	$18,000
Accounts receivable	11,000
Accumulated depreciation - equipment	28,000
Advertising expense	21,000
Cash 15,000	15,000
Dinkel, Capital (1/1/10)	102,000
Dinkel, Drawing	14,000
Depreciation expense	12,000
Insurance expense	3,000
Note payable, due 6/30/11	70,000
Prepaid insurance (12-month policy)	6,000
Rent expense	17,000
Salaries expense	32,000
Service revenue	133,000
Supplies	4,000
Supplies expense	6,000
Equipment	210,000

What is the company's net income for the year ending December 31, 2010?

Reference no: EM13259141

Questions Cloud

Determine the amount using fv-pv and pmt functions : Use an Excel spreadsheet and the FV, PV, and PMT functions to determine the amount of each of the following . R = theannual interest rate and t = the number number of years.

What is acceleration of electron in uniform electric field : (a) What is the acceleration of an electron in a uniform electric field of 1.0x106 N/C (b) How long would it take for the electron, starting from rest, to attain one-tenth the speed of light. Assume that Newtonian mechanics holds.

What will be the value of the investment in two years : You identify a bank CD that pays an interest rate of 0.0500 with the interest being paid quarterly. What will be the value of the investment in two years?

Explain what is the partial pressure of ammonia : 15.00 g of solid ammonium hydrogen sulfide is introduced into a 500.-mL flask at 25°C, the flask is sealed, and the system is allowed to reach equilibrium. What is the partial pressure of ammonia in this flask if Kp = 0.108 at 25°C for

Net income of dinkel company : The following items are taken from the financial statements of Dinkel Company for the year ending December 31, 2010:

Explain how to improve the utilization of the shared link : In multiplicative decrease, the congestion window size decreases by half(if the result is not an integer round down to the nearest integer).Suppose that the two TCP connections C1 and C2, share a single congested link of speed 30 segments per seco..

Analytical measures chosen to analyze a company : The particular analytical measures chosen to analyze a company may be influenced by all but one of the following. Which one?

What are the differences between get and post methods : What are the differences between Get and post methods in form submitting, give the case where we can use get and we can use post methods?

Explain the effect on the results of mistakenly adding hcl : What would be the effect on the results of mistakenly adding 2.43 x 10^-3g Mg to 4.0mL of 0.1M HCl, rather than to 4.0mL of 1.0M HCl as instructed

User Account

All Pages