Answer:
Surry Co.
Income Statement for the year ended December 31, 2016
Sales $915000
Less Cost of Merchandise Sold $670000
Gross Profit $245000
<u>LESS OPERATING INCOME</u>
<u><em>Selling Expenses</em></u>
Customer Refunds and allowances $ 55000
Selling expenses $ 120000 $175000
<u><em>Administrative Expenses</em></u>
Administrative expenses $ 30000 $30000
Total Operating expenses $205000
Operating Income $ 40000
<u>NON-OPERATING INCOME</u>
Interest Expense ($12000)
Rent Revenue $19000
Total Non-operating Income $ 7000
Net Income $47000
Explanation:
A multiple-step Income Statement separate Operating Revenues and Operating Expenses from Non-Operating Revenues and Non-Operating Expense.
Answer:
Personal-use
Personal
Real
Explanation:
There are three types of properties which are shown below:
1. Personal use: These properties which are used by a person for their personal purpose rather than business purpose like - clothing, jewelry, home, car for their comfort and enjoyment.
2. Personal: These include those properties which are movable or transferable for one place to other like - machinery, furniture, other building, etc as per the needs.
3. Real: These properties include properties that are non-movable i.e land, building, canals, etc. This is also known as immovable properties.
Answer:
A. $205,899 thousand
Explanation:
cash flow effect = restructuring charges - the company’s balance sheet included a restructuring accrual
= $235,542 thousand - $29,643 thousand
= $205,899 thousand
Therefore, The cash flow effect of Acadia’s restructuring during fiscal 2017 was $205,899 thousand.
Answer:
Sales Incentives
Explanation:
Sales Incentives is a form of sales promotion in which sales personnel are incentivized to expend greater effort selling a specific product or brand. When salesperson is given some kind of incentives for selling a product or service, the amount or benefit paid to him other than his fixed salary is know as Sales incentive. It is paid basically to motivate him for selling the product, or keep him motivated for selling the larger amount of products.
By using the sales incentives company cant not only increase its sales but also can compete with other companies in retail format and overall. When the particular company's sales team will be more motivated by this technique then surely they will gather more traffic towards them and then converting that traffic into sales number.
