When a firm is operating at an efficient scale,

The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sa

ivanzaharov [21]

Answer:

Multiple-step income statement for 2018.

Sales revenue 1,300,000

Cost of goods sold (720,000)

Gross Profit 580,000

Less Operating Expenses :

Gain on sale of investments 50,000

Selling expenses (160,000)

General and administrative expenses (75,000) (185,000)

Operating Profit 395,000

Less Non - Operating Expenses :

Interest revenue 30,000

Interest expense (40,000)

Income tax expense (130,000) (140,000)

Net Income / (Loss) 225,000

Explanation:

The Multi-step Income statement shows separately Profit derived from Primary Activities (Operating Profit) of the company against profit and the profit derived from the Secondary Activities (Net Profit) of the company.

5 0

3 years ago

Edmund would like to buy stock. What should he do? A) He should visit the stock market, open an account, and purchase stock B)He

Igoryamba

D) He should choose a broker, open an account, deposit money, and communicate with the broker what stock he wants to buy.

8 0

3 years ago

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suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her br

Alinara [238K]

Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

<h3>What is frictional Unemployment</h3>

Frictional unemployment occurs when an individual is temporarily unemployed as a result of searching for new or better job.

This is a time of transition usually from an existing job to a new one.

Therefore, Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

Learn more on frictional unemployment below,

brainly.com/question/11481076

#SPJ12

3 0

2 years ago

Sand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January

Yakvenalex [24]

Answer:

C.

Explanation:

Contibution margin means the selling price minus the variable cost incurred on the product. Is the ability of the firm to cover its variable cost with the revenue.

Contribution margin = Sales revenues - Variable expenses

Sales revenue per unit = $94,600 / 4,300 units

Sales revenue per unit = $22

Variable expenses per unit = $47,300 / 4,300 units

Variable expenses per unit = $11

Contribution margin (4,900 units) =Sales revenues (4,900 units) - Variable expenses (4,900 units)

Contribution margin (4,900 units) = ($22 * 4,900 units) - ($11* 4,900 units)

Contribution margin (4,900 units) = $107,800 - $53,900

Contribution margin (4,900 units) = $53,900

5 0

3 years ago

Gaynor Company started March with $35,000 in direct materials inventory. During the month, direct materials in the amount of $14

zavuch27 [327]

Answer:

$ 158,000

Explanation:

$

35,000 Beggining Balance (BB ) +

145,000 Purchases (P) +

-158,000 Consumption (C ) -

22,000 Ending balance (EB ) =

Formulas:

EB= BB + P - C

C= BB + P - EB

Material used ( Consumption ) = Material in Stock +  Material purchased in the period -  Material remaining at the end of period

4 0

3 years ago