Fusion Ltd. sold electronics on account for $72,000 and paid expenses totaling $30,000. What is Fusion's net income or net loss? a. Net income of $42,000 b. Net loss of $42,000 c. Net income of $72,000 d. Cannot determine from the data given

Hanover Corporation allocates the estimated $210,000 of its human resources department costs to its production and sales departments, since HR supports both in handling recruitment and employee benefits. The costs will be allocated based on the number of employees using the direct method. Information regarding costs and employees follows: • Human Resources Department: 5 employees Production Department: 32 employees Sales Department: 18 employees How much of the human resources department costs will be allocated to the production department?

what is the receivable turnover ratio for the second year?