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lyudmila [28]
3 years ago
11

2. “A company’s net income appears directly on the income statement and the owner’s equity statement, and it is included indirec

tly in the company’s balance sheet.” Do you agree? Explain.
Business
1 answer:
Anton [14]3 years ago
6 0

Answer:

Yes, I agree with the statement

Explanation:

I agree with the statement which states that the net income of the company as well as the statement of the owner's equity both included indirectly in the balance sheet of the company. As balance sheet is the statement which states the financial position or performance of the company at a particular or specific time period.

Because the net income is the result of income statement and directly shown in income statement whereas owner's equity is the capital of the business states in balance sheet. Net income is already included in retained earnings which means shown indirectly in the balance sheet.

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Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses
Lelu [443]

Answer:

There are several ways to compute the degree of operating leverage (DOL). A fairly intuitive approach is expressed below.

DOL = (sales - variable costs) / (sales - variable costs - fixed costs)

For Kendall, the DOL is computed as follows:

DOL = (1,000 * $60 - 1,000 * $60 * .30) / (1,000 * $60 - 1,000 * $60 * .30 - $30,000) = 3.5

<em>hope this helps</em>

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8 0
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A company offered one half of its employees a bonus if the production of light bulbs increased by 30%. The other half of the emp
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A car crash woke john from his afternoon nap. when he looked out of his apartment window, he saw several people milling around t
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4 0
4 years ago
Henry's savings account has an APR of 3.65%
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3 years ago
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the followin
Tasya [4]

Answer:

See below

Explanation:

The below shows the calculation of variance

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7 0
3 years ago
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