Screen shot or take picture and make it an attachment to the duration
Answer:
Sales revenue 392,500
Sales returns and allowances (20,000)
Sales discounts <u> (8,600) </u>
Net Sales: 363,900
COGS (221,000)
Gross Profit 142,900
Freight-out (9,700)
Salaries and wages expense (63,400)
Rent expense (33,500)
Insurance expense <u> (14,600) </u>
Earnings before taxes 21,700
Income tax expense <u> (4,900) </u>
Operating income 16,800
OCI <u> 2,000 </u>
Net Income 18,800
Explanation:
First we solve for net sales.
Then we subtract COGS for Gross profit.
THen we subtract hte expenses and get hte earnings before taxes.
Next the inome tax expense and operationg income
then we put htis along with OCI for thenet income of the period.
Answer:
In your list of options there are 2 Major functions of an entrepreneur:
1. Innovate
2. Take Risks
Explanation:
Remember that being an entrepreneur and being a manager are 2 very different things. When an entrepreneur takes over the functions of a manager then things get more complicated. You can have a really big company that goes belly up because of bad management but that doesn't mean you had an incompetent entrepreneur.
The organizing function is one of my personal favorites. Here you have to get everything together, materials, machinery, material resources to operate, legal requirements etc. Then with successful leadership you can execute the plans directed by the entrepreneur.
Answer:
have customer deposits as its primary asset and loans to borrowers are their primary liabilities.
Explanation:
Bank are the institution which provide liquid asset to borrowers and earn interest on the amount lend. Banks have primary assets which are the deposits from its customers. The bank invests those deposits in some profitable projects and then give interest to the customers based on a percentage.
Answer:
D. the financial account is negative.
Explanation:
A current account deficit occurs when import exceeds export
A current account surplus implies that exports of goods and services exceed imports of goods and services. the financial account is in surplus
I hope my answer helps you
