Safe place to put money. Your money if stolen is insured by the FDIC.
An income statement that includes cost of goods sold as another expense and shows only one subtotal for total expenses is a single step income statement.
A financial statement that outlines the company's revenue and outlays is called an income statement. It also displays a company's profitability or loss over a specific time frame. You can better comprehend the financial health of your company by using the income statement, balance sheet, and cash flow statement.
An overview of a company's revenue and expenses is provided by a single-step income statement. This uncomplicated report simply summarizes a company's bottom-line net income, expenses, and revenue.
Learn more about income statement here brainly.com/question/24498019
#SPJ4
Answer:
D. $18,040
Explanation:
Given the above information,
Total revenue = Interest revenue + Service revenue
= $1,340 + $37,800
= $39,140
Total expenses = Depreciation expense + Insurance expense + Salary expense
= $1,800 + $2,300 + $25,100
= $29,200
Net income = Total revenue - Total expenses
= $39,140 - $29,200
= $9,940
Therefore,
Ending retained earning balance = Beginning retained earnings + Net income - Dividends
= $10,100 + $9,940 - $2,000
= $18,040
True they belong to the bracket of unemployed citizens and are dependent on the working force or are consuming their savings
A retrenchment strategy <span>is another term for a defensive strategy.
</span>Companies use the retrenchment strategy with the goal to reduce the diversity or the overall size of the operations of the company and by doing so to cut expenses and reach to a more stable financial position.
<span>This strategy will revitalize the organizational resources.</span>
