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zloy xaker [14]
3 years ago
9

Interest expense would be classified on a multiple-step income statement under the heading

Business
1 answer:
Trava [24]3 years ago
7 0

Answer:

Non-Operating Expenses

Explanation:

The multiple-step income statement reports separately Incomes derived from Primary Activities of the Company commonly known as Operating Income and Incomes derived from Secondary activities of the Company known as Non-Operating Income.

Interest expense is part of secondary activities of the company and thus classified under Non-Operating Expenses.

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"Marshall Enterprises charged the following amounts of overhead to jobs during the year: $20,000 to jobs still in process, $60,0
4vir4ik [10]

Answer:

Given that,

Jobs still in process = $20,000

Jobs completed but not sold = $60,000

Jobs finished and sold = $120,000

Marshall Enterprise's Factory Overhead account has a credit balance of $5,000

Therefore, the journal entry is as follows:

Factory overhead A/c Dr. $5,000

          To Cost of goods sold A/c      $5,000

(To record the cost of goods sold)

3 0
3 years ago
When weather or traffic is bad, you should____your following distance
Eddi Din [679]

Answer:

increase

Explanation:

it will give you more time to react if there is a problem, if you break it is more likely your car will slide if the weather is bad, so if the following distance is increased you can break and not rear end someone. and if traffic is bad and someone makes a sudden stop you could hit them, so keeping distance between you and the person infront of you is safer

7 0
4 years ago
Different investments have different levels of ___________ (savings, risk, or interest) and offer different rates of return. For
fiasKO [112]
I the second one is more risky I'm not really that good at business
5 0
3 years ago
Read 2 more answers
Mullineaux Corporation has a target capital structure of 46 percent common stock, 5 percent preferred stock, and the balance in
Jet001 [13]

Answer:

c. 11.02 percent

Explanation:

Weighted Average Cost of Capital (WACC) is the return that is required by the long term providers of Finance for the Business.

WACC = Ke × E/V + Kp × P/V + Kd × D/V

Where,

Ke = Cost of Equity

     = 15.8 %

E/V = Market Weight of Equity

       = 0.46

Kp = Cost of Preference Stock

     = 8.3 %

P/V = Market Weight of Preference Stock

      = 0.05

Kd = After tax Cost of Debt

     = 6.8 %

D/V = Market Weight of Debt

      = 0.49

Therefore,

WACC = 15.8 % × 0.46 + 8.3 % × 0.05 + 6.8 % × 0.49

           = 11.015 or 11.02 %

6 0
3 years ago
Which of the following is an example of the legal/regulatory environment surrounding advertising and promotional activities of b
hjlf

Answer:

the Federal Trade Commission

Explanation:

Federal Trade Commission - This commission was established in 1914 with the aim to improve the competition practice in commerce. As the year passed, some amendments have done in the commission, now authority can police illegal competition practice.

it helps the customers in filing cases against any fraud,  theft or any unfair practice against them.

8 0
4 years ago
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