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Crazy boy [7]
3 years ago
10

Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales $4,00

0,000 $3,600,000 Cost of goods sold 2,280,000 1,872,000 Selling expenses 600,000 648,000 Administrative expenses 520,000 360,000 Income tax expense 240,000 216,000 a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.

Business
1 answer:
Ierofanga [76]3 years ago
8 0

Answer:

See explanation section

Explanation:

See the image below

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In the business world, a _________________ is recognized as a legally acceptable way for any business to keep knowledge of its p
neonofarm [45]

Answer:

Trade secret

Explanation:

A trade secret refers to things like a process, formula or design that a company owns that have an economic value and provide a competitive advantage and that are known only by certain people inside the organization. According to this, the answer is that in the business world, a trade secret is recognized as a legally acceptable way for any business to keep knowledge of its particular methods of production from being known by competing firms because trade secrets refer to intellectual property that allows the organization to have a competitive advantage and they are maintained as a secret to avoid competing firms to copy its methods.

7 0
3 years ago
An industrial union: is most concerned with increasing the demand for workers in an industry restricts supply of labor through l
WARRIOR [948]
I think the correct answer is the third option.   An industrial union organizes a wide range of skilled and unskilled workers in an industry. It is a group where all workers regardless of position of a particular industry are to be members. These are organized in order to gain a bargaining power especially in strike events.
6 0
3 years ago
Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple int
siniylev [52]

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444

3 0
3 years ago
If you take and hour shower with the hot water how much water will the bill cost Avery day.
Pepsi [2]

Answer:

$1000000000000000000

7 0
3 years ago
Read 2 more answers
In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T
NemiM [27]

Answer:

C) 170000 50000

Explanation:

David spend in total 44,000 to acquire a fifth of the company

So the partnership after increasing the land accont had a value for:

44,000 / 0.2 = 220,000

Previously it had 140,000 + 40,000 = 180,000

Increase for 40,000

This increase will be allocate in a share ratio of 3:1

Allen 40,000 x 3/4 = 30,000

Daniel 10,000 x 1/4 = 10,000

Capital balance:

140,000 + 30,000 = 170,000

40,000 + 10,000 = 50,000

The cash from David was directly to Allen and Daniel it do not go through the company

6 0
3 years ago
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