1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
victus00 [196]
3 years ago
8

Eskimo Pie Corporation markets a broad range of frozen treats, including its famous Eskimo Pie ice cream bars. The following ite

ms were taken from a recent income statement and balance sheet.
In each case, identify whether the item would appear on the balance sheet or income statement.
(a) Income tax expense
(b) Inventory
(c) Accounts payable
(d) Retained earnings
(e) Equipment earnings
(f) Sales revenue
(g) Cost of goods sold
(h) Common stock
(i) Accounts recieable
(j)Interest expense
Business
1 answer:
Aneli [31]3 years ago
3 0

Answer:

  1. BALANCE SHEET:

(b) Inventory

(c) Accounts payable

(d) Retained earnings

(h) Common stock

(i) Accounts receivable

     2. INCOME STATEMENT:

(b) Inventory

(c) Accounts payable

(d) Retained earnings

(h) Common stock

(i) Accounts receivable

Explanation:

The balance sheet identifies the productive resources (assets) that a firm has for the development of its activities, as well as how they are financed. Those funds may come from creditors (Obligation with creditors - Liabilities) and owners (Issuing equity shares - Shareholders' equity).

Instead, The Income Statement shows the incomes and loss than the firm operation has produced during the accountable period. It starts with Revenues and Cost of Goods to get the Gross Net Profit and follows with others incomes and loss to get the Net Income of the period.

You might be interested in
.
kobusy [5.1K]

Hi!

<em>Option C is correct.</em>

<em></em>

Explanation of the choices:

A. - This seems a good choice, however it's not the best choice. Let's come back to it.

B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.

C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.

D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.

Hope this helps! :D

5 0
2 years ago
Read 2 more answers
Why is it false that we learn about gods relationship with the people of Israel in the new testament
podryga [215]
Because the New Testament is about Jesus
8 0
2 years ago
with this type of externality, in the absence of government intervention, the market equilibrium quantity produced will be than
ikadub [295]

The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.

Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.

A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.

If there is presence of government intervention in the production, then, the production of goods or service will be halted.

Therefore, in conclusion, this type of externality is called the Negative Externality.

Read more about Negative Externality here

<em>brainly.com/question/13901028</em>

7 0
2 years ago
A stock has a beta of 1.12 and an expected return of 10.8 percent. A risk-free asset currently earns 2.7 percent. a. What is the
love history [14]

Answer:

6.75%

Explanation:

Data provided in the question:

Beta of the stock = 1.12

Expected return = 10.8% = 0.108

Return of risk free asset = 2.7% = 0.027

Now,

Since it is equally invested in two assets

Therefore,

both will have equal weight = \frac{1}{2} = 0.5

Thus,

Expected return on a portfolio = ∑(Weight × Return)

= [ 0.5 × 10.8% ] + [ 0.5 × 2.7% ]

= 5.4% + 1.35%

= 6.75%

8 0
3 years ago
The internet has changed how people shop for clothes, electronics, and other goods. Because of online shopping, many retailers h
jenyasd209 [6]

Answer: B) The supply of goods like clothes will decrease.

Explanation:

All else being equal, the local retail market for clothes will see a reduction in supply for clothes. This is simply as a result of less shops offering clothes than before because some have closed down as they couldn't keep up with online retail stores.

For example, the entire supply of Jeans for the town of Jeanophia were from 5 stores with each selling 5 jeans. 3 stores have closed down due to competition from jeanyjeans.com and now only 2 stores are open which has reduced the supply from 25 jeans to 10 jeans.

8 0
3 years ago
Other questions:
  • True or False. Within an Agent Handler group, if the handler with the highest priority is unavailable, the agent will fall back
    11·1 answer
  • Why is it important to budget some money for entertainment?
    15·2 answers
  • Bechtel Machinery stock currently sells for $65 per share. The market requires a 14 percent return on the firm's stock. The comp
    12·1 answer
  • An owner wants to sell his house and prefers to save the commission. He lists with a broker on the basis that if the property is
    10·1 answer
  • Suppose the price elasticity of supply for cheese is 0.6 in the short run and 1.4 in the long run. If an increase in the demand
    15·1 answer
  • If one is injured during the process of saving a life, the person who was trying to help is protected by what law?
    5·2 answers
  • Rhonda has an adjusted basis and an at-risk amount of $25,600 in a passive activity at the beginning of the year. She also has a
    14·1 answer
  • Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing produ
    11·1 answer
  • Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households depo
    9·1 answer
  • A goal taking which of these lengths of time to achieve is most likely to be a
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!