3 years ago

What is income statement?

1 answer:

4 0

An income statement<span> is a financial </span>statement<span> that reports a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities.

Its a statement that your bank sends out monthly to tell you how much you have in your account(s), what you spent the past month, deposited and even any interest that built up</span>

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10. If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 bill

uysha [10]

Answer:

$36 Billion

Explanation:

Given:

GDP = $65 billion

Interest payments = $15 billion

Imports = $13 billion

Profits = $7 billion

Exports = $15 billion

Rent = $7 billion

Wages = ?

Computation of Wages:

GDP from Income Method:

GDP = Interest payments + Wages + Rent + Profits

$65 billion = $15 billion + Wages + $7 billion + $7 billion

$65 billion = Wages + $29 billion

$65 billion - $29 billion = Wages

Wages = $36 Billion

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3 years ago

Do you think percentage gains

Anni [7]

I think more varied if you added additional mutual funds you would have a more diverse portfolio.

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3 years ago

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Explain your understanding of the closing process by choosing the correct statements below. (Check all that apply.) Multiple sel

elena55 [62]

Answer:

Resets the balances to zero

6 0

3 years ago

?if a corporation issued $8,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if

MrRissso [65]

$8,000,000 - corporate issued
5 % - annual interest
30 % - income tax rate
Annual net cash cost - ?

Formula and Solution - (8,000,000 x 0.05) x 0.7 = 280,000
Answer: The Annual net cash cost - $280,00

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3 years ago

A firm follows a(n) __________________ when it derives less than 70% of its revenues from a single business activity and obtains

Arlecino [84]

Answer:

Related diversification strategy

Explanation:

The related diversification is when the company enters the samilar industry like Sony enter Camera market which was similar to its television industry, it is known as related diversification. And the strategy that the company follows to generate 70% of revenue from a similar investment like its core operation, then the company is following related diversified strategy.

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4 years ago