Answer: Option D
Explanation: Income statement refers to the financial statement under which the organisation shows its profit and loss for the year. It depicts the revenue received and the expenses incurred to earn that revenue.
Cash flow statement shows the inflow and outflow of cash whereas balance sheet shows the position of company at a particular point of time.
Hence from the above we can conclude that the correct option is D.
Answer: Negative Sales Mix Variance
Explanation:
With regards to the above question, the company has a negative sales mix variance. First and foremost, we should know that the sales mix variance simply has to do with the difference between the actual sales mix and the budgeted sales mix of a company or organization.
From the question, there'll be negative sales mix variance and this will bring about a reduction in the revenue of the company as the budgeted sales will be lesser than actual sales. Therefore, Profit also reduces.
Answer:
B) High, low
Firms and brands that continually attempt to operate in the <u>HIGH</u> price / <u>LOW</u> benefits quadrant do not survive over the long run as customer trust is Damaged.
Explanation:
Many times new products have a very short life because companies believe that they can charge very high prices because they are innovations, but they forget to provide the corresponding benefits of a very high price. Usually short living fads result from this strategy, because the customers will demand more for their money and if the product doesn't satisfy them, they wouldn't purchase it again. And with all the social networks we have today, gossip (and videos) about bad products travel extremely fast.
Answer: d. founder: second-stage entrepreneur
Explanation:
The founder is the person who initiates the business therefore John in this scenario is the founder of the business.
A second-stage entrepreneur is the person who takes over the business after the company leaves its initial startup phase. As Larry now runs the business even though John founded it, Larry would rightly be classified as a second-stage entrepreneur as he runs the business after the startup phase where John founded it.