Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The calculation is shown below:
= Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense - income tax expense
where,
Income tax expense = (Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense) × income tax rate
= ($2,409,400 + $38,100 - $1,463,800 - $222,000 - $286,700 - $48,900) × 30%
= $426,100 × 30%
= $127,830
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
I’m not sure but I think it’s A
sorry if it’s wrong
<span>A.
constructive direction.</span>
Answer:
SITE A
Explanation:
Given :
FACTOR___ WEIGHT _SITE A_ SITE B _SITE C
Labor Cost __ 0.25 _____92 ____82____ 84
Curr Stability _ 0.35 _____75 ___ 85____ 88
Prox Market __ 0.30 ____ 80 ____50 ___ 60
Taxes _______ 0.10 _____69 ___ 88 ___ 91
SITE A:
(0.25 * 92) + (0.35*75) + (0.30*80) + (0.10*69) = 80.15
SITE B :
(0.25 * 82) + (0.35*85) + (0.30*50) + (0.10*88) = 74.05
SITE C :
(0.25 * 84) + (0.35*88) + (0.30*60) + (0.10*91) = 78.90
Using the weighed factor model;
The based site for locating the facility is SITE A as it has the highest weighted value
Answer:
a, The PPF intersect the Y-axis at 1000 units of luxury goods
The PPF intersect the X-axis at 500 units of necessity good
It means that when the society produces zero units of necessity, it can produce 1000 units of luxury goods and if they use all resources to produce necessity, they can produce 500 units only
b. The economy can produce at a point inside the curve IF (1) There is underutilized of the available resources. (2) There is inefficiency in the use of resources
c. I will want to produce more necessity than luxury. The decision on which point the society will want to be depend on the type of economic system being practiced by my society, if it is free market, the price system will determine it and for a socialist system, the government decides.
d. If I am a dictator, I will make decrees as to the economic direction I want for the society and where the product distribution is left to the free market, the price system decides.
Explanation:
The production possibility frontier is a graph that shows the trade-off between two commodities which a country can be assumed to produce. An economy can operate on the PPF in which case it is using its resources to the fullest. It can operate inside the curve which means under-utilization of resources or inefficiency in resources utilization. A country cannot operate outside the curve except there is technological progress or economic growth.
