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Marrrta [24]
4 years ago
5

The contribution income statement: A. Reports gross margin B. Is allowed for external reporting to shareholders C. Categorizes c

osts as either direct or indirect D. Can be used to predict future profits at different levels of activity
Business
1 answer:
Jet001 [13]4 years ago
6 0

Answer:

The answer is D. Can be used to predict future profits at different levels of activity

Explanation:

The contribution income statement  is a company’s financial statement that indicates how the revenue is transformed into the net income.  Income statements should help investors and creditors determine the past financial performance of the enterprise, predict future performance, and assess the capability of the business to generate future revenue streams through the reporting of income and expenses.

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6 0
4 years ago
Suppose that you were trying to determine how much income was available for future monetary needs as well as for investment.
Marysya12 [62]

Answer:

A. Savings ratio

Explanation:

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4 0
4 years ago
During a company's first year, the asset account, Office Supplies, was debited for $3,900 for the purchases of supplies. At year
fiasKO [112]

Answer:

The adjusting entry will be shown below:

Explanation:

The adjusting journal which is to be recorded in the following case will be:

Office Supplies expense A/c..............................Dr  $2,275

          Office Supplies A/c.........................................Cr   $2,275

As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.

Working Note:

Amount = Debited amount of office supplies - Offices supplies on hand

= $3,900 - $1,625

= $2,275

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6 0
3 years ago
Read 2 more answers
Which of the following will increase your net worth the most?
nignag [31]
I think the correct answer from the choices listed above is the last option. It would be to purchase of house valued at $150,000 with $25,000 down and a mortgage of $125,000 that would <span> increase your net worth the most. From this option, you would gain the most. Hope this answers the question.</span>
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3 years ago
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