Answer:
Craig's Bowling, Inc
Income Statement for the month of July
Sales ($13,300 + $8,000) $21,300
Less: Cost of goods sold ($3,490)
Gross profit $17,810
Less: Expenses
Insurance ($1,800 / 3) $600
Wages $4,500
Repair expenses $1,800
Electricity bill $2,000
Total expenses ($8,900)
Net profit $8,910
Note:
Note that the purpose of the income statement is to calculate the profit or loss for a specific period, and not the cash flows during that period. Hence, transactions c., d. and e. are not to be recorded in the income statement for the month of July.
Answer:
Increased, Negatively
Explanation:
Government regulations are important to eliminate the negative effect of companies and industries on the overall environment. Government regulations help to apply certain restrictions which help to improve the environment and surrounding, but at the same time, it negatively affects the profitability of the companies. Overall, the government must implement policies to resolve environmental problems but such regulation should not negatively affect the industry and the economy.
Answer:
The discount rate on overnight loans is lowered.
Explanation:
The action that is most likely results in an increase in the money supply is (C) which is the discount rate on overnight loans is lowered.
Discount rates are used to determine today's value of money paid or received. In other words the discount rate for financial institutions is the rate of return that they will experience when they re-paid the loans that they granted to other institutions. The discount rate allows the central bank of a country to control money supply in circulation this is done by either lowering the interest rate or increasing it.
Answer:
Descriptive Research
Explanation:
Considering the scenario described above, the correct answer to the question is "DESCRIPTIVE RESEARCH."
This is because Descriptive Research is a form of research that seeks to answer the question of how, what, where, and when. However, it does not answer the question of why and does not involve the direct manipulation of the researcher.
It aims to describe a situation or population under study.
Hence, in this case, the correct answer is "Descriptive Research."
Explanation:
A diversified company is a type of company that has multiple unrelated businesses or products. A company may decide to diversify its activities by expanding into markets or products that are related to its current business.
For example, an auto company may diversify by adding a new car model or by expanding into a related market like trucks.
Diversified Industries covers a wide range of sub-sectors including Automotive, Transport & Logistics, Building Materials & Construction, Capital Goods, Business Services, Metals and Oil Field Services. Even the way industrial products are developed, manufactured and commercialized is changing. I would say the answer is <u>True</u>
