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Molodets [167]
2 years ago
13

Grants Corporation prepared the following two income statements (simplified for illustrative purposes):

Business
1 answer:
SOVA2 [1]2 years ago
4 0

Corrected income statement for each quarter                                

   Particulars                      First Quarter        Second Quarter            

   Sales Revenue                    12200                   18800        

   Cost of goods sold                                

   Beginning inventory             4100                    4030            

   Purchases                              3100                   12700            

   Goods available for sale        7200                 16730            

   Ending inventory                    4030                 9000            

   Cost of goods sold                3170                   7730        

   Gross profit                            9030                  11070        

   Operating expenses             4800                  5700        

   Pretax income                       4230                  5370      

The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions. The basic formula for the income statement is Income - Expenses = Net Income.

Learn more about Income statements at

brainly.com/question/24498019

#SPJ4

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The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.
dsp73
It seem like there are information missing on the question posted. Let me answer this question with all I know. So here is what I believe the answer is, <span>the actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.</span>

Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.
6 0
4 years ago
Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 639,000 units, estimated beginni
Margarita [4]

Answer:

dollar value=$114452

Explanation:

We need to calculate the dollar value of material A needed during this year.

First step is to calculate how many units are necessary

Budgeted Sales= 639000 units

Ending inventory=82000 units

Beginning  Inventory= 101000 units

Production of the year= 620000 (639000+82000-101000)

Second step is to calculate how much of material A is required

620000 units*0,50lb/un= 310000lb

Finally, we need to convert lb to pounds/$

1lb=0,71 punds

310000lb*0,71=220100pounds

dollar value=220100*$0,52=114452

3 0
3 years ago
Suppose the federal reserve wants to decrease the money supply by $400 billion. if the reserve requirement (rr) is 0.2, calculat
svetlana [45]

Two main modifications be made to guard the public, avoid bank bailouts, and expand banking protection and soundness.

<h3>What is the change in required reserves?</h3>

Increasing the (reserve requirement) ratios reduces the extent of deposits that can be supported with the aid of a given level of reserves and, in the absence of different actions, reduces the money stock and raises the price of credit.

<h3>What are the three dreams of the Federal Reserve?</h3>

It is the Federal Reserve's actions, as a central bank, to acquire three dreams distinct by using Congress: maximum employment, secure prices, and average long-term hobby rates in the United States.

Learn more about federal reserves here:

<h3>brainly.com/question/25817380</h3><h3 /><h3>#SPJ4</h3>
4 0
2 years ago
In which part of a résumé would you mention the names and contact details of your previous employers?
S_A_V [24]

Answer:

work experience is the correct answer for PLATO

5 0
3 years ago
Read 2 more answers
Read questions slowly
Kobotan [32]

Answer:

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Nope, only 36 weeks since twins are conceived and born together!

Nope, i thinks thuderstorms invented n a s a!

You can't  do that to the ice cube out because your body had absorbed the water in it after melting it down.

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No, they have Short vision! :P

Yeah.... I had crush on Ariel, Snow white and Sleeping Beauty!

Explanation:

8 0
3 years ago
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