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vivado [14]
3 years ago
8

Define what the income statement reports by completing the following sentence: The income statement describes a company's Blank

1 of 2(assets/revenues) and Blank 2 of 2(expenses/liabilities) along with the resulting net income or loss over a period of time due to earnings related activities.
Business
1 answer:
Gelneren [198K]3 years ago
3 0

Answer:

The income statement describes a company's revenus and expenses.

Explanation:

The income statement is one of the most important financial statements, along with the balance sheet and the statement of cash flows.

The income statement shows the company's revenues and expenses over a specific period of time, usually a year, but it can be a shorter period of time.

The resulting substraction between revenues and expenses results in the company's net income or profit for the corresponding period.

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examine how firms complete in a given industry

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1 year ago
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha
avanturin [10]
House is worth 275- 195= 80k equity.  Car is 12k-7500= 4.5k equity plus 3k investments plus 2700 in the bank minues 1500 credit card debit= 88,700
8 0
3 years ago
Read 2 more answers
What is another way of referring to workers and factory owners? socialists and democrats the people and the patricians labor and
klemol [59]

Answer: Labor and Capital.

Explanation:

Another way in which factory workers and factory owners can be referred to, is the laborers and the capital.

The factory workers are the laborers, because they carry out job and get paid salary/wages.

The factory owners are the ones that supply the capital needed in the factory and gain profit from their investment.

7 0
3 years ago
You own a stock which has produced annual returns of 11 percent, 3 percent, 8 percent, and 14 percent over the past four years,
Nana76 [90]

Answer:

C) 9.00; 8.92

Explanation:

The arithmetic rate of return is given by:

R_{A} = \frac{11+3+8+14}{4} \\R_{A} = 9.00

The geometric rate of return is given by:

R_{G} =  (\sqrt[4]{(1.11*1.03*1.08*1.14)} -1) *100 \%\\R_{G} =  (1.0892-1) *100 \%\\R_{G} =  8.92

Therefore, the arithmetic rate of return is 9.00 percent and the geometric rate of return is 8.92 percent

The answer is C) 9.00; 8.92.

6 0
3 years ago
Pat shopped at Target for new summer shorts. After trying on three different brands and price comparing, he decided to buy the D
Vitek1552 [10]

Answer:

Shopping and convenience

Explanation:

Pat shopped at Target for new summer shorts. After trying on three different brands and price comparing, he decided to buy the Dockers shorts. While heading to the checkout stand, he spotted earphones hanging on the endcap of the electronics area. Remembering he needed new earbuds for his iPod, he grabbed a set and paid for it all at the checkout counter. What types of product categories did Pat experience in this shopping trip

Pat experience shopping and convenience product categories; the dockers shorts is the shopping product while the ear phone is the convenience product.

Shopping products are types of products categories in which a consumer takes his or her time to deliberate, research, compared on a product before they decided to buy the said product while convenience product is one that required no deliberation, the are usually routine products.

5 0
3 years ago
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