Answer:
The major advantage of multiple step income statement is that it breaks down the operating revenues and the costs incurred in the business.
It shows separated Gross profit which can be calculated as: Sales - COGS.
Apart from that, it shows separate Operating Income: Gross Profit - Operating expenses.
Lastly, it shows Net income: Operating income + non operating income.
Hence, concluded that, multiple step income statement offers a greater and detailed picture as compared to single step income statement.
Hope this helps.
Good Luck buddy.
Answer:
54,075 Payment at Year 3
Explanation:
Because is an interest-only loan:
It will pay the principal completely and the interest for the year.
principal x rate = interest paid
50,000 x 0.0815 = 4,075
+ 50,000 principal
54,075 Payment at Year 3
<u>Remember:</u>
interes-only loan means during the life of the loan the monthly or annual payment are for the interest. At maturity, the principal is fully paid.
Answer:
The company must not make any adjustment entries in year x3 since the FOB means "Free on board" and at the moment the buyer delivers the goods at the port of shipment, at that time the risks of loss or damage of merchandise are transferred to the buyer from the seller
When this happens, the sale is made since the seller no longer owns the merchandise.
n this case, the seller does not own the merchandise since December 28 and has already made the corresponding records. so he should not make any adjustments.
Answer:
B. Broad differentiation strategy
Explanation:
Broad differentiation strategy -
It refers to the method to strategize the business or the product in a very unique and innovative manner , is referred to as broad differentiation strategy .
The method is done by trying to adapt new method to present their goods and services , add new features , tries to relate to the likes and dislikes of the consumers .
The method is very helpful for a larger company than for smaller one .
The method is helpful to increase the production of the company , and thereby the profit of the company increases .
Hence , from the given scenario of the question ,
The correct answer is B. Broad differentiation strategy .
Answer: 13.5 minutes
Explanation:
Information turnaround time = Cycle time * Number of stations after error is made.
The most error-prone operation is step 2 so assuming an error happens there, there will be 9 more stations in the line.
Information turnaround time will therefore be:
= 1.50 * 9
= 13.5 minutes
