1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nadya68 [22]
3 years ago
12

Ford Motor Company, one of the world’s largest automakers, reports the following income statement accounts for the year ended De

cember 31, 2015 ($ in millions). Selling and administrative costs $ 14,999 Cost of sales 124,041 Revenues 149,558 Other expenses 3,145 Using the above information prepare Ford’s income statement for the year ended December 31, 2015. (Enter your answers in millions.)

Business
1 answer:
Shtirlitz [24]3 years ago
6 0

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

Before preparing the income statement, we need to calculate the net income or net loss for the given period.

So,

The net income = Revenue - the cost of sales - Selling and administrative costs - other expenses

= $149,558 - $124,041 - $14,999 - $3,145

= $7,373

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

You might be interested in
Specific statements detailing what the organization intends to accomplish over a short period of time are call
kondor19780726 [428]

Specific statements detailing what the organization intends to accomplish over a short period of time are called objectives. Objectives are stated by the company to keep goals on track and allow the organization to monitor their growth and completion. By keeping objectives open to everyone within the organization, it makes it easier for employees to stay on task and make sure by the end of the period, everything is done.

3 0
2 years ago
To determine the effective gross income on a property, the sales associate should:________
artcher [175]

Answer:

Subtract vacancy and credit costs from potential gross income

Explanation:

Effective gross income (EGI) is actually the ratio or relationship that exists between the sale price of a property and effective gross income of that same property.

It is the potential gross income added to other income when vacancy and credit costs are subtracted from it.

EGI is used to determine the value of a rental property and the cash that the property generates.

4 0
3 years ago
​list at least five (5) priority considerations when performing a sterile dressing change.
Ray Of Light [21]
The five considerations that should be considered when performing a sterile dressing change are the following;
- hands should be clean before performing the sterile dressing change
- materials should be checked as well as its expiration date
- the area where the dressing should be placed must be checked and clean
- sterile objects should only be touched and used
- a sterile field should be considered
7 0
3 years ago
Martha loves to eat chili, especially an award-winning chili recipe that calls for using 2 tablespoons of chili powder for every
svetoff [14.1K]

Answer:

Correct Option is (A) U=min{2B,P}

Explanation:

The solution and complete explanation for the above question and mentioned conditions is given below in the attached document.i hope my explanation will help you in understanding this particular question.

7 0
2 years ago
Read 2 more answers
A country implements policies that are expected to increase taxes by €100 million, increase government spending by €50 million,
Bezzdna [24]

Answer:

A) Increase by 50 million

Explanation:

A is correct.

Below is the current account balance calculation

CA = Sp -I + (T-G- R)

CA stands for Current account balance

Sp stands for Private sector savings

I is Investments, T = Taxes

G represents government spending's, whereas R = Transfers

CA = -25-(-25) + ( 100-50-0 ) = 50, increase by 50 million euro

5 0
3 years ago
Other questions:
  • Section 1239 recharacterizes gain on the sale of depreciable property to related person as ordinary income.
    6·1 answer
  • Tool Makers, Inc. make garden rakes extremely well and of the best quality in the industry. Their rakes are difficult to copy, a
    11·1 answer
  • Although the real assets constitute the true productive capacity of an economy, it is hard to conceive of a modern economy witho
    15·1 answer
  • An expansion at Fey, Inc., would increase sales revenues by $150,000 per year and cash operating expenses by $47,000 per year. T
    13·1 answer
  • The first step in the human resources planning process is to: a. assess future labor demand. b. prepare a forecast of human reso
    14·1 answer
  • Corporate owners earn a return​ ________. A. through interest earnings and earnings per share B. through capital appreciation an
    8·1 answer
  • On June 2, 2018, Fred’s TV Sales sold Mark a large HD TV on account for $12,000. Fred’s TV Sales uses the accrual method. In 201
    15·2 answers
  • Derrick was in an automobile accident while he was going to work. The doctor advised him to stay home for eight months due to hi
    5·1 answer
  • airline tickets may be charged directly to the organization, or the traveler may pay and be reimbursed by the company?
    13·1 answer
  • Supply-side policy is designed to a. Move the economy from a point inside the production possibilities curve to a point on the c
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!