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serious [3.7K]
3 years ago
14

In a budgeted income statement, _________ is subtracted from net operating income to arrive at net income. cost of goods sold in

terest expense selling and administrative expense depreciation expense
Business
1 answer:
zepelin [54]3 years ago
6 0

Answer:

interest expense

Explanation:

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Kraft produces Lunchables, a prepackaged meal usually consisting of several crackers, small slices of meat, and small slices of
ziro4ka [17]

Answer:

Moms with school-age children who pack a simple healthy lunch for them.

Explanation:

The small portion size and types of drinks indicates that this is a product Children. But For children products, the marketing strategy will always be targeted to their parents. They do this because children do not have the resources and decision ability to make the purchase by themselves.

From the way this product is descripted,

The target would most likely parents with very little time to cook for their children (probably working moms or dads). So they fast/simple preparation make it really appealing for them.

5 0
3 years ago
The potential sources of noise and bias in accounting data are: Group of answer choices Rigidity in accounting rules Random fore
pshichka [43]

Answer: All of the above

Explanation:

Accounting data can have bias or data that should not necessarily be included due to a couple of factors.

Accounting rules are too rigid because when they are applied, the Accountants will ibe unable to remove the noise and entries made by Management without removing a substantial part of Accounting records. There is need for more flexible rules so that Accountants can restrict how easily Management can introduce bias.

Accounting works a lot of forecasted information and it is impossible to make completely accurate forecasts as events can simply happen out of nowhere and disrupt operations. Also there is Human error in the forecasts so this can lead to noise and bias.

Finally, Accounting bias and noise can be linked to pressure from Corporate management to report data in a certain way for a myriad of reasons such as to improve management benefits if they are performance related, to avoid taxes, and to avoid Government regulations amongst others.

4 0
3 years ago
Gibson Hardware is adding a new product line that will require an investment of $ 1 comma 520 comma 000. Managers estimate that
likoan [24]

Answer:

payback period is 5 years, 11 months

Explanation:

Payback Period is the length of time for the Total Cash flows to equal the initial capital Investment

Cash Flows           Project

Year 0                  (1,520,000)

Year 1                       325,000

Year 2                      270,000

Year 3                      235,000

Year 4                      235,000

Year 5                      235,000

Calculation of years

Payback period = 5 years (Total inflows are 1,300,000)

Calculation of months

Payback period = Remaining Amount/Net Cash flow in Next Month × 12

                          = (1,520,000-1,300,000)/235,000 × 12

                          = 220,000/235,000 × 12

                          = 11

Therefore payback period is 5 years 11 months

4 0
3 years ago
Paola and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI
Triss [41]

Answer: $2500

Explanation:

The American opportunity tax credit has to do with the expenses which is paid on qualified education for a student who's eligible and this is typically for the first four years.

A maximum annual credit of $2,500 can be gotten per eligible student. Since the modified AGI of $139,220 is less than $180000 which is the limit, then they'll be eligible for $2500.

6 0
3 years ago
What accounting method should hariette choose when she runs the profit and loss report?
Zinaida [17]

Hariette should choose cash basis of accounting when she runs the profit and loss report. A company's reporting guidelines and practices for revenues and expenses make up its accounting method. Cash accounting and accrual accounting are the two primary accounting techniques.

Revenues and costs are recorded in cash accounting when they are received and paid. There are three different accounting methods: modified cash basis, cash basis, and accrual basis. Let's briefly review the fundamentals before we discuss which types of firms use certain accounting techniques.

If you only consider popularity, accrual accounting comes out on top since it is both the most popular and the most accurate techniques.

To learn more about accounting, click here.

brainly.com/question/13310721

#SPJ4

4 0
2 years ago
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