Answer and Explanation:
The preparation of the multi-step income statement is shown below:
Blossom Company
Income Statement
For the Month January 2022
Revenues
Sales revenue $431,000
Less:
Sales discount -$7,800
Sales return -$12,000
-$19,800
Net Sales $411,200
Less: Cost of goods sold -$270,000
Gross Profit $141,200
Less: Operating expenses:
Freight out -$6,800
Insurance expense -$13,000
Salaries and wages expense -$45,000
Rent expense -$35,000
Total Operating expenses -$99,800
Operating Income $41,400
We simply deduct the expenses from the gross profit so that the operating income could arrive
Answer:
d. a promissory note.
Explanation:
A certificate of deposit is a product offered by banks in which people deposit an amount of money for a period of time to receive a specific interest rate.
A draft is a check that is guaranteed by the bank
An order to pay is an instruction given to the bank to transfer funds to a specific account.
A promissory note is a document in which a person commits to make payment for a specific amount on a certain date.
According to this, the instrument that Ewa signed is most likely a promissory note.
he exchange of money and the receipt of the item is mutual consideration for the transaction. In every single agreement, there must be consideration in order for the agreement to be legally binding; it is a critical part of contract formation. ... In other words, each person in a contract must promise to do something.
Definition - To make your business grown larger or faster by diversifying your current product line
Hope this help :)
<u>The answer is "No".</u>
Legal compliance is regarded as a moral minimum (The base level of moral conduct expected of a business firm, which is normally characterized as consistence with the law) the base worthy standard for moral business conduct.
Business firms are liable to broad government control, practically every activity a firm attempts.
Business chiefs need to continue with alert and assess and activity and its results from a moral point of view.
