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IceJOKER [234]
1 year ago
10

Use the following account numbers and corresponding account titles to answer the following question. Account Number Account Titl

e (1) Cash (2) Merchandise inventory (3) Cost of goods sold (4) Transportation-out (5) Dividends (6) Common stock (7) Selling expense (8) Loss on the sale of land (9) Sales revenue Which accounts would affect the amount of net income shown on the income statement?
Business
1 answer:
Ilya [14]1 year ago
7 0

The accounts that would affect the net income in the income statement are:

  • (2) Merchandise inventory.
  • (3) Cost of goods sold.
  • (4) Transportation-out.
  • (7) Selling expense.
  • (8) Loss on the sale of land.
  • (9) Sales revenue.

<h3>Which items affect net income?</h3>

The ending and beginning merchandise inventory play a role in the cost of goods sold which is deducted from net income.

Selling expenses such as transportation-out are also deducted as well as the loss on sale of land. Sales revenue is added to net income.

Find out more on accounts in the income statement at brainly.com/question/21851842.

#SPJ1

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Karen learns from a coworker at her pharmaceutical company that one of the firm's most profitable drugs will be pulled off the m
taurus [48]

Answer:

B. Insider trading

Explanation:

Insider trading -

It refers to the practice of selling or buying the stocks of the company by any non - public person , is referred to as insider trading .

The practice can be legal as well as illegal , depending on the process of trading .

The process is illegal when the information is non - public , and is legal when the information is public .

Hence , from the given scenario of the question ,

The correct answer is B. Insider trading .

8 0
2 years ago
Read 2 more answers
Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. If the required reserve ratio
nexus9112 [7]

Answer:

The answer is $1,875

Explanation:

Money multplier effect = 1 / required reserve ratio .

And the required reserve ratio is 8 percent

Deposit into the checking account is $150.

Money multplier effect = 1 / 0.08

12.5

Therefore, the largest amount (in dollars) by which the money supply can increase as a result of the deposit of $150 is:

12.5 x $150

=$1,875

6 0
3 years ago
Fanning Corporation incurs the following annual fixed costs: Item Cost Depreciation $ 80,000 Officers’ salaries 190,000 Long-ter
ale4655 [162]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Item Cost Depreciation $ 80,000 Officers’ salaries 190,000 Long-term lease 42,000 Property taxes 48,000 Required Determine the total fixed cost per unit of production, assuming that Fanning produces 4,000, 4,500, or 5,000 units.

Total fixed costs= 80,000 + 190,000 + 48,000 + 190,000= 508,000

4,000 units= 127

4,500= 112.89

5,000= 101.6

6 0
2 years ago
Sarah recently got a 10 percent raise. she now purchases 30 percent more in groceries on a weekly basis. sarah's income elastici
Tomtit [17]
Sarah's income elasticity for groceries = percentage increase in grocery / percentage raise in income.
Elasticity for groceries = 30 /10 = 3
Therefore, Sarah's income elasticity for groceries = 3.
Income elasticity is a value, which measures the responsiveness of the quantity demanded for a good or service to a change in the income of the consumers demanding for the good.
3 0
3 years ago
The word local describes:
Wewaii [24]
The answer is B because local is are around you so A and D is out of the question and C also is wrong
5 0
2 years ago
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