An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement
<h3>What is common-size statement?</h3>
An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.
The common-size statement refers to expressing each value as a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
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Answer:
Net profit after tax = $1600
Explanation:
Below is the calculation for net profit after tax:
Net profit = Sales revenue - cost of good sold - operating expenses - interest expenses
Net profit = 11000 - 5000 - 3000 -1000
Net profit = 2000
Net profit after tax = 2000 - (20 % of 2000)
Net profit after tax = 2000 - 400
Net profit after tax = $1600
Answer:
Option C (Drop-shippers) is the correct choice.
Explanation:
- Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly.
- The products are owned by Drop shippers but they have never handled or executed them.
Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.
1. The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to decrease the federal funds rate. The answer is the first choice.
