Answer:
Gross profit equals $420,000
Explanation:
To get gross profit , we only discount the cost of goods sold from the Total sales
Gross profit Formula= net sales – cost of goods sold
Gross profit =$800,000- $380,000
Gross profit =$420,000
We use sales returns and allowances, sales discounts and operating expenses to get net income.
Answer:
C. Selling is a larger process that involves many steps that lead to and support this narrower definition of selling.
Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .
Answer:
The employee has most likely committed a <u>Horns error</u>.
Explanation:
The horns error occurs when <u>one attribute</u> of an individual (which may be positive or negative), <u>creates a bias that influences how that individual is perceived overall</u>.
<em>If an employee is dissatisfied with his manager's disposition and this dissatisfaction influences the employee to rate the manager low on all performance criteria, then the employee has committed a horns error.</em>
