The multiple-step income statement clearly presents the value of total expenses is a major advantage of the multiple-step income statement over the single-step income statement. The correct option is A.
<h3>What is the advantage of using the multiple-step income statement?</h3>
The main advantage of using a multi-step income statement is that it separates operating and non-operating income. This reduces financial clutter and emphasizes the most important aspect of a company's finances—the operational portion.
Multiple-step income statements' siloed breakdowns enable deeper margin analysis and more accurate representations of costs of goods sold. Such specificity provides stakeholders with a clearer picture of how a company operates by comparing gross, operating, and net margins.
Thus, the ideal selection is option A.
Learn more about the multiple-step income statement here:
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I think the answer is 1.45%
Answer:
Interest Expense 696 Interest Payable 696
Explanation:
Based on the information given the appropiate adjusting journal entry to be made on December 31, 2022 for the interest expense accrued to that date, If we assumed that no journal entries have been made previously to accrue interest is:
December 31, 2022
Dr Interest Expense $696
Cr Interest Payable $696
($34800*8%*3/12)
(To record interest expense accrued)
Answer: 25%
Explanation:
The Sharpe Ratio will be calculated by using the formula:
= (Rp−Rf)/σp
where,
Rp = return of portfolio = 0.08
Rf = risk-free rate = 0.03
σp = standard deviation of portfolio’s excess return = 0.20
Therefore, Sharpe Ratio will be:
= (Rp−Rf)/σp
= (0.08 - 0.03)/0.20
= 0.05/0.20
= 0.25 or 25%
The Sharpe ratio is 25%.
Answer:
The contribution margin dollar amount per bicycle.
Explanation:
The break-even point refers to the point in which the costs and the earnings are equal which means that you don't lose or gain money. To calculate the break-even point on units, you have to divide the fixed costs by the contribution margin and the contribution margin is equal to the price of the product per unit minus the variable costs per unit.
According to this, the answer is that the break-even point (i.e. number of bicycles) is found by dividing total fixed expenses by: the contribution margin dollar amount per bicycle.
