Answer:
(a) Multiple-step income statement.
Sales revenue $388,710
Less Sales returns and allowances ($12,620)
Net Sales $376,090
Less Cost of Goods Sold ($215,090)
Gross Profit $161,000
Less Operating Expenses :
<em>Selling and Distribution Expenses :</em>
Freight-out $6,220
Sales discounts $7,240 ($13,460)
<em>Administration Expenses :</em>
Rent expense $31,270
Salaries and wages expense $56,180 ($87,450)
Operating Income / (Loss) $60,090
Explanation:
A multiple-step income statement, shows separately Income derived from Primary Activities of the Company (Operating Income) and the Income that includes Secondary Activities of the Company (Net Income).
Operating Expenses are further categorized under <em>Selling and Distribution Expenses </em>and<em> Administration Expenses.</em>
Answer:
Income Risk
Explanation:
income risk
she thought she had lots of income, so she took a risk
Hope this helps plz hit the crown :D
Answer:
A. reliable secondary data is both scarce and difficult to
Explanation:
Primary data are data collected or retrieved from the source. These data are obtained directly by researchers from the source where the data emanate from. Examples of primary data are survey, interview, group discussion.
Secondary data are data collected by other people other than the source or user. Examples are reports, news paper articles, journals etc.
Most international researchers collects their own primary data because of the difficulty and scarcity of collecting reliable secondary data. Both types of data are important though but the difficulties in obtaining those reliable secondary data prompts the collection of primary data.
These researchers goes to the root or source of the data to be collected because their findings will eventually be relied upon by users like individuals, government, corporate organizations, schools etc. Relying on secondary data might be hard because they might have be tampered with or altered which may not reflect the true nature of the data.
Answer:
$53
Explanation:
Call option is $3
Exercise price is $50
The stock is currently priced at $49
It rises to $55 on the expiration date
Therefore the cost price at which the speculator will break even can be calculated as follows
= ($50-$3)+($55-$49)
= $47 + $6
= $53
“it is free” is the false statement
