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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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An auto manufacturer sends cars from two plants, I and II, to dealerships A and B located in a mid-western city. Plant I has a t
Elis [28]

Answer:

Total transportation cost = 23,750

Explanation:

We can calculate how many cars should be sent from each plant to each dealer  as follows

DATA

Plant 1 cars = 74

Plant 2 cars = 70

Demand

Dealer A needs 79 cars

dealer B needs 65

Shipping costs are

$300 per car from plant I to dealer A,

$130 per car from plant I to dealer B,

$180 per car from plant II to dealer A

$160 per car from plant II to dealer B.

limit total shipping costs to exactly $29,900

Start from the cheapest

$130 per car from plant I to dealer B.

$130 x 65 = 8,450

$180 per car from plant II to dealer A

$180 x 70 = 12,600

$300 per car from plant I to dealer A,

$300 x 9 = 2700

Total transportation cost = 8,450 + 12,600 + 2700

Total transportation cost = 23,750

3 0
4 years ago
In the vertical analysis of a balance sheet, _____________ is assigned 100 percent, with all other items expressed as a percenta
Lapatulllka [165]

In the vertical analysis of a balance sheet, net sales are assigned 100 percent, with all other items expressed as a percentage thereof.

When analyzing the balance sheet vertically, assets are divided by the base amount, total assets. Debt and equity are divided by the sum of debt and equity, which is the base amount.

Vertical analysis is a means of measuring the relationship between any two different financial statement amounts, while horizontal analysis examines the relationship between specific financial statement measures.

The next red flag relates to the balance sheet. Open receivables from customers that are difficult or impossible to identify and correct. Mass sales to companies of unknown identity or ownership.

Learn more about the balance sheet at

brainly.com/question/1113933

#SPJ4

4 0
2 years ago
True or false: An aspect of product performance that is mission-critical, such as safety for an automobile, increases price sens
MaRussiya [10]

Answer:

False

Explanation:

You can only say an aspect of product performance is mission critical is the sensitivity of the price has been suppressed. Hence the safety of an automobile is a very important factor hence price sensitivity should not increase. In a situation where the product performance is not regarded as mission-critical and if the product fails it is not so significant, then price sensitivity increases.

5 0
3 years ago
Do you really believe that having a written code of conduct will reduce fraud and other dishonest acts in an organization
kirza4 [7]

Explanation:

Yes, it is necessary to have a written code of conduct so that employees have an instrument that regulates and regularizes fraud situations in the company. The code of conduct is a necessary document so that employees can guide the ideal ethical behavior for a professional, as well as serving as a protection document for those who suffer an unethical act by third parties.

It is necessary, in addition to the written code of conduct, that behaviors be guided and valued when positive, starting with leaders, who must behave based on ethics and respect for employees. Through shared ethics, an organizational culture favorable to the development and motivation of employees is created.

4 0
2 years ago
What is the molecular unit of heredity of a living organism?
Shtirlitz [24]

The molecular unit of heredity of a living organism is a gene.

7 0
3 years ago
Read 2 more answers
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