In gathering audit evidence, the accessibility of information may be a factor thereby influencing which judgment trigger

While the four Ps help us remember the basics components of the __________, they don't have significant relevance in the marketi

Paul [167]

Answer:

Marketing mix.

Explanation:

The said term is said to be an inclusion of certain multiple areas of focus as a vital body used to explain a comprehensive marketing plan. It clearly points to a certain classifications which are common that began as the four Ps which has the inclusion of factors like product, price, placement, and promotion. All these factors are of the marketing mix and are known to influence each other. They make up the business plan for a company and handled right, can give it great success. It is of great value too because of its help in focusing on a marketing mix helps organizations make strategic decisions when launching new products or revising existing products.

7 0

3 years ago

1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sh

vagabundo [1.1K]

There are three main parts of income statements and they are:

Revenue
Expenses
Profit

<h3>What is an Income Statement?</h3>

This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.

Hence, we can see that a sample income statement would be:

BOSKA COMPANY

Income statement for August 29, 2021

NET SALES------------------ $2,000,000

GROSS SALES-------------$500,000

GROSS PROFIT-------------$1,5000,000

Read more about income statements here:

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8 0

2 years ago

Which document should a job seeker send with a résumé to a potential employer?

lesya692 [45]

A. educational certificate because if you are still in high school that's all you have and if you are an adult they need to know if you are graduated have your GED or graduated from college

4 0

3 years ago

Read 2 more answers

The following information is related to Splish Company for 2020.

finlep [7]

Answer:

Net income is $2,034,560.

Explanation:

The multiple-step income statement refers to an income statement that segregates operating revenues and operating expenses of an organisation from its nonoperating revenues, nonoperating expenses, gains, and losses. In addition, gross profit which is net sales revenue minus the cost of goods sold.

The multiple-step income statement is an alternative to the single-step income statement which reports uses just one equation to calculate profits by deducting total revenue from total expenses from segregating them.

The multiple step income statement of Splish Company for 2020 will look as follows:

Splish Company

Income Statement

For the Year Ended December 31, 2020

Particulars $ $

Sales Revenue 34,000,000

Cost of goods sold (21,760,000)

Gross profit 12,240,000

Selling and administrative expenses (6,392,000)

Income from operation 5,848,000

Other revenues and gains

Interest revenue 95,200

Gain on the sale of investments 149,600

Total other revenues and gains 244,800

6,092,800

Other expenses and losses

Write-off of goodwill (1,115,200)

Loss due to flood damage (530,400)

Total other expenses and losses (1,645,600)

Income from continuing op. b4 tax 4,447,200

Income taxes (1,691,840)

Income from continuing operation 2,755,360

Discontinued operation

Loss on disposal (net of tax) (598,400)

Loss on operations (net of tax) (122,400)

(720,800)

Net income  2,034,560 

6 0

3 years ago

Jermaine owns all 200 shares of Peach Corporation stock valued at $50,000. Kenya, a new shareholder, receives 200 newly issued s

Pie

Answer:

C. The transaction results in $10,000 of ordinary income for Kenya.

Explanation:

Kenya has received 200 newly issued shares from Peach Corporation which worth $50,000 in exchange for inventory which valued at $40,000. There is ordinary income of $10,000 to Kenya. This income is not classified as capital gains because this income is not received by selling the shares.

The correct answer is C, transaction will result in $10,000 of ordinary income for Kenya.

8 0

3 years ago