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
Levart [38]
3 years ago
15

The primary function of the Income Statement is to:a. Show the company's value as of a given point in timeb. Determine if the co

mpany will have enough cash to operate properlyc. Determine taxes owed or not owedd. Compare the company's assets against the company's liabilitiese. Measure the company's financial performance over a period of time
Business
1 answer:
mrs_skeptik [129]3 years ago
6 0

Answer: e. Measure the company's financial performance over a period of time

Explanation:

The Income statement shows how the company performed financially in a certain period in relation to their operating activities.

By subtracting the expenses from the revenue, the income statement shows how the company was able to put its investments and assets to good use to be able to provide value for the shareholders.

The Income statement is prepared per period so the information it shows is period specific.

You might be interested in
Miguel is 25 years old, has low financial health, a long time horizon and a high risk
arlik [135]

Answer:

A. 85% stocks and 15% bonds/cash equivalents.

Explanation:

Being that Miguel is 25 years old, he has a very long time horizon over which his investments can grow. The fact that he has a low financial health means that he needs to adopt an aggressive investment strategy and that complements his high tolerance for risk. Investing majority of his assets should be in stocks since stocks are riskier than bonds and a small proportion in the latter. Therefore, 85% in stocks and 15% in stocks and cash equivalents would be ideal.

7 0
3 years ago
Xyz corporation has income before taxes of $2 million and received $100,000 in preferred dividends from a company in which it ow
DaniilM [7]

I guess the correct answer is $686, 800

XYZ corporation has income before taxes of $2 million and received $100,000 in preferred dividends from a company in which it owns 25% of the outstanding shares. If XYZ corporation is in the 34% tax bracket, it will pay taxes of $686, 800.

Since XYZ corporation owns 25% of the outstanding shares, it is exempt from paying taxes on 80% of dividends received from the stock. The corporation would need to pay taxes on only $20,000 of the dividends received (20% of the $100,000 in preferred dividends) plus the $2,000,000 of income the corporation earned. Since the corporation is in the 34% tax bracket, the tax would be $686,800. (34% of $2,020,000 = $686,800.)

3 0
3 years ago
A marketing ___________ is the blending of four marketing elements product, distribution, price, and promotion.
Arturiano [62]
A market mix is the blending of four marketing elements product, distribution price and promotion
5 0
3 years ago
An individual purchased a $100,000 joint life policy on himself and his wife. Eight years later he died in an automobile acciden
Juliette [100K]

Answer:

C. $100,000

Explanation:

It is mentioned in the question that the policy is a joint life policy on the individual and his wife.

The amount of the policy is $100,000

Therefore,

Since it is a joint life policy, the death benefit will be paid upon the first death which is the death of the individual and his wife will receive the money equal to the amount of policy purchase i.e $100,000

7 0
4 years ago
Binh was recently named general manager of a newly created business unit of a multidivisional company. His first order of busine
Furkat [3]

Answer:

The answer is: B) Binh works with managers within his business unit to develop and implement concrete strategies for his division that align with corporate goals.

Explanation:

An strategic plan is a document (must be written) that communicates the company's goals, what actions are needed to achieve these goals and all other necessary elements developed and required by the planning strategy.

Since Binh was recently named general manager he has to work with his unit (departmental) managers to develop an strategic plan for the business unit that is aligned with the business plan of the whole company.

5 0
4 years ago
Other questions:
  • Assume that the quarterback has a valid employment contract with the football team, how would it be determined whether or not th
    14·1 answer
  • A CDS with a notional principal of $100 million the reference entity defaults.What is the payoff to the buyer of protection when
    10·1 answer
  • ____ is the pay that employees receive in return for their labor.
    10·1 answer
  • What are four steps I should take to prepare for a records management career?
    12·1 answer
  • Ron burgundy worked for the anchor department store as a sales associate in the leisure suits department. as he would give chang
    14·1 answer
  • The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets
    15·1 answer
  • Elroy is the sole proprietor of a gift shop in a small shopping center. Because he is a sole proprietor, any profit Elroy's busi
    5·1 answer
  • The focus of a(n) __________ strategy is high sales at low cost; the high sales are typically achieved by coming up with a produ
    13·1 answer
  • Based on the connecting letter report, salaries of which college majors are significantly different?
    14·1 answer
  • A customer makes a purchase of $22,100 of acme income fund in her margin account. the customer must deposit: _________
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!