Answer and Explanation:
The preparation of the multiple-step income statement is presented below:
<u> Beasley, Inc.</u>
<u> Multiple-step income statement</u>
<u> December 31, 2021</u>
Sales revenue $350,000
Less: Cost of goods sold -$125,000
Gross profit $225,000
Less: Operating expenses
Salaries expense -$37,000
Advertising expense -$23,000
Utilities expense -$43,000
Operating income $122,000
Less: interest expense -$12,000
Income before income tax $110,000
Less: income tax expense -$39,000
Net income $71,000
We simply deduct all the expenses from the sales revenue so that the net income could arrive
Answer and Explanation:
The accounting equation effects of each required adjustment is shown below:-
Transactions Assets
a. Prepaid rent - $1,280
b. Accumulated
depreciation - $1,180
c. NE
d. NE
Transactions = Liabilities + Stockholders' Equity
a. NE Rent expenses -$1,280
b. NE Depreciation expenses -$1,180
c. Accounts payable + $8,200 Utilities expenses -$8,200
d. Income tax payable + $310 Income tax expense -$310
Answer:
It is a winning strategy.
Explanation:
As a result of joint venture, after all the ups and downs, the company is in a strong financial position, as company is producing good profits. Also the company has great market position.
Once a great market position, the influence is spread in the market.
Further, in the given instance the company has failed to acquire the manufacturing company individually, but with joint venture, the company has now established connections not only in pharma sector but also in automobiles.
These things affect the company's position and then influence the market, attracting more customers for the product, and more investors for investment.
Therefore, it is a winning strategy.
The question is incomplete:
Many years ago, Sprint Telecommunications aired an advertisement intended to demonstrate the clarity of reception Sprint customers could expect. The ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. The mix-up was probably due to the presence of _____ in the communication process.
A. noise
B. poor encoding
C. poor medium choice
D. improprer network choice
E. process loss
Answer:
A. noise
Explanation:
-Noise refers to something that affects the communication process like a sound.
-Poor encoding refers to not being able to use a medium to communicate.
-Poor medium choice refers to picking the wrong channel to communicate.
-Improprer network choice refers to picking the wrong transmission system to communicate.
-process loss refers to inefficiencies that affect the process.
According to this, the answer is that the mix-up was probably due to the presence of noise in the communication process because the statement indicates that the advertisement was intended to demonstrate the clarity of reception Sprint customers could expect and because of that, you can inferred that on the situation on the ad the probleem was due to noise that interfered with the clarity of the communication and because of that, the rancher received 100 dachshunds instead of 100 oxen.
Answer:
105
Explanation:
1+2+3+4+5+6+7+8+9+10+11+12+13+14 = 105
