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torisob [31]
3 years ago
9

The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 159,000 Income Tax

Expense 16,000 Merchandise Sales (gross revenue) for Cash 228,000 Merchandise Sales (gross revenue) on Credit 39,600 Office Expenses 18,400 Sales Returns and Allowances 6,690 Salaries and Wages Expense 37,800 Required: Prepare a multistep income statement.

Business
1 answer:
Kryger [21]3 years ago
5 0

Answer:

Income Statement is attached in the pictures.

Explanation:

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In much of the United States and Canada, logging takes place in both privately owned and government-owned forests. a. Privately
never [62]

Answer:

A.) private, nonrival, and excludable

B.) Common resources

C. Faster

Explanation:

A. A privately owned forest is a private good. This goods ownership is restricted to those that bought it. No one else shares in the use of this good. Therefore the answer here is that it is private, non rival and also excludable.

B. If anyone is able to enter a government forest legally it means it is a common good. Common goods are goods with rivalry but are non excludable.

C. The rate of logging in a government owned forest would be faster since there is little cost to cutting the trees, especially when there is no regulation.

4 0
2 years ago
When conducting a swot analysis, budgets, ratios, and sales reports can be used to identify:?
Amanda [17]
The answer to this question is <span>Company strengths and weaknesses.
In this context, company strength refers to all the factors that make the company stand out among other competitors in the market (such as good products, fame, good researchers, etc)
The weakness, on the other hand, refers to something that needed to be taken care of if the company want to win the competition in the market. (such as huge debt ratio, scandals, etc)

</span>
5 0
3 years ago
Which manmade fiber is easy care
ankoles [38]

it is Polyester/cotton

7 0
2 years ago
The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of retur
svet-max [94.6K]

Answer:

a) The required rate of return is 14.75%

b) The expected return on this stock is 16% which is more than its required rate of return 14.75%, thus it is underpriced.

Explanation:

a)

Using the SML equation, we can calculate the required rate of return (r) of a stock.

r = rFR + β * (rM - rFR)

r = 6% + 1.25 * (13% - 6%)

r = 0.1475 or 14.75%

b)

The SML shows the return that is required on a security based on the risk is carries. Using SML we calculate the required rate of return which is the percentage return that investors require a security to provide.

If the expected return is greater than the required rate of return which means that security is expected to provide more than is required then the security is underpriced.

The expected return on this stock is 16% which is more than its required rate of return 14.75%, thus it is underpriced.

5 0
2 years ago
The economic problem of _____ arises because human wants and desires are unlimited and the means to satisfy these wants are limi
raketka [301]

Answer:

Insatiation

Explanation:

Insatiation is an economic problem which arises as a result of human wants and cravings being limitless with a limited means of satisfying these wants

Economic problem of insatiation can be solved when there are also unlimited means of satisfying the limitless wants and desires of human

4 0
3 years ago
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