Answer:
Whispering Winds Gross profit is $402,100
Explanation:
Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.
Whispering Winds Corp.
Income statement for the year 2019
Net sales $973,000
Less: Cost of goods sold <u>$570,900</u>
Gross Profit $402,100
Less:Operating expenses <u>$220,300</u>
Operating Profit $181,800
Less: Interest expense <u>$14,600 </u>
Profit before Tax $167,200
Answer:
C. If federal taxes are decreased will consumer spending increase?
Explanation:
One keen question that falls under the domain of macroeconomics is the behavior of consumer spending when taxes are decreased.
- Macroeconomics presents approaches the study of the economy in a holistic way.
- Every aspect of the economy is considered before strategic economic decisions are taken.
- Interest rates, inflation, unemployment rate, foreign trade etc. are all categorized under macroeconomics.
Answer: capitalism
Explanation: Capitalism defines a socio-economic system that is based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state. The ever constant revolutionizing of production, the uninterrupted disturbance of all social condition, uncertainty amongst others have been pivotal in setting is apart from other economic systems. It respects the conditions necessary for humanity to succeed as well as propelling innovation and prosperity in modern societies.
<span>GAAP stands for generally
accepted accounting principles, it is the accounting standard which is adopted
by the U.S. Securities
and Exchange Commission, it is also known as US GAAP.</span>
A GAAP standard is
that one copy of a check be attached to all documents for filing. GAAP provides the guidelines for financial accounting.
<span> </span>
Out-of-network ATM fee would end up costing you extra money assuming you have a TCF free student checking account.
<h3>What are ATMs and what do they do?</h3>
Automated teller machines (ATMs) are online financial services that let customers do transactions without visiting a bank location. While some ATMs are just straightforward cash dispensers, others support a range of services like check deposits, balance transfers, and bill payments.
<h3>How Are ATMs Operated?</h3>
Most of the time, using an ATM involves inserting a debit card, ATM card, or credit card into one of the machine's slots. No matter where the ATM is, it electronically links to your bank account over the internet or a phone connection.
To know more about ATM visit:
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