Vaughn manufacturing is a private camping ground near the mount miguel recreation area. it has compiled the following financial information as of december 31, 2017. service revenue (from camping fees) $168,960 dividends $11,520 sales revenue (from general store) 32,000 notes payable 64,000 accounts payable 14,080 expenses during 2017 161,280 cash 10,880 supplies 7,040 equipment 145,920 common stock 51,200 retained earnings (1/1/2017) 6,400 determine vaughn manufacturing’s net income for 2017. vaughn manufacturing’s net income for 2017 $enter a net income amount

The Vaughn Manufacturing’s net income for 2017 is $39,680

Explanation:

The computation of the net income is shown below:

In simple form, the net income equals to

= Total revenue - total expenditure

= Service revenue (from camping fees) + Sales revenue (from general store) - Expenses during 2017

= $168,960 + $32,000 - $161,280

= $39,680

The other items which are mentioned in the question are irrelevant. Therefore, these are ignored for the computation part

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi