The two formats, or methods, for preparing the business income statement are single-step and multi-step. The single-step method reports revenues in one section and expenses in another. It is easy to comprehend, but it is not very detailed. Investors may be turned off by the difficulty in determining where a company's income is coming from, which will affect their decision to invest capital in the company.
The multi-step method states revenues and expenses in more distinct categories. It separates things like operating revenues and expenses from non-operating revenues and expenses. This structured statement gives investors a better look at a business's point of profitability, its weaknesses, and whether it is operating efficiently.
100% on Edge.
Answer:
2,4, 6, 8 are equal to 109
1, 3, 5, 7, are equal to 71
Answer:
Dealership A is correct.
In dealership A the monthly income at 10 cars is $7750 whereas at B it hasn't even reached at $7000.
Answer:
r = 8%
Step-by-step explanation:
Given that,
Interest, I = $24
Principal, P = $1200
Time, t = 90 days = 90/360 = 1/4 years
We need to find the rate.
We know that,
The simple interest is given by :
Put all the values,
So, the rate is 8%.
The formula for the area of a triangle is area=
. So when you plug in the given values: Area=
. When you convert all the numbers to fractions: Area=
. You multiply across the numerators and divide by the product of the denominators and get 137.25
.
