What Is X-Cel Company's Net Income or Net Loss If

question 125

Multiple Choice

What is X-cel Company's net income or net loss if it had Revenue of $1,800,Salary Expense of $500,Utility Expense of $250,and Withdrawals of $5,000 during October?

• A)$50 net income
• B)$1,050 net loss
• C)$1,050 net income
• D)$50 net loss

Analyze the role of coordination, control, and command within the management functions framework.

Appreciate the importance of human relations and social aspects in workplace productivity and motivation.

Recognize various management theories, including scientific management, administrative principles, and behavioral approaches, and their application in organizational settings.

Understand the importance of clear communication channels and the principle of the scalar chain in organizations.

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Definitions:

Lockbox System

A service provided by banks to companies for receiving payments from customers; payments are sent to a post office box and then quickly processed by the bank.

Money Market Securities

Money Market Securities are short-term debt instruments that are highly liquid and considered safe, such as Treasury bills, certificates of deposit, and commercial paper.

Collection Time

The average period it takes for a business to receive payments owed by its customers, reflecting the effectiveness of its credit and collection policies.

Average Daily Receipts

The average amount of money received by a business per day over a specific period, often used in financial analysis.