Answer:
The major advantage of multiple step income statement is that it breaks down the operating revenues and the costs incurred in the business.
It shows separated Gross profit which can be calculated as: Sales - COGS.
Apart from that, it shows separate Operating Income: Gross Profit - Operating expenses.
Lastly, it shows Net income: Operating income + non operating income.
Hence, concluded that, multiple step income statement offers a greater and detailed picture as compared to single step income statement.
Hope this helps.
Good Luck buddy.
Answer:
d. workers are able to specialize in a particular task.
Explanation:
In Microeconomics, economies of scale can be defined as cost reductions or cost advantages that arises when a business entity is increases its production or are large in size.
This ultimately implies that, when an organization chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.
Generally, economies of scale arise when workers are able to specialize in a particular task. This is so because having a good number of professionals and experts would increase the level of production or output, as they are quite conversant with the best method of production, time management and efficiency.
Answer:
Economic profit $10,000
Explanation:
Income earned as an assistant professor = Salary + Interest on bonds = 75000 + 5% on 100,000 = 75000 + 5000
Income earned as an assistant professor = $80,000
Income from the bookstrore = $90,000
In calculating economic profit, opportunity costs are deducted from revenues earned.
Economic profit = $90,000 - $80,000 = $10,000
Answer:
The answer would be D
Explanation:
Outbound Marketing is known as the “old way of doing things, including the use of billboards, television ads, telemarketing, sales staff, direct mail, radio shows, print advertisements. It is not a completely irrelevant marketing strategy, but it depends on what type of business.
New digital ads from friendly social networks are appearing. You will know what I mean when I remind you of all the annoying advertisements that get in the way of reading or seeing what you want online. If you are ignoring them by clicking and closing the window, this is how others do too.
However, many small businesses cannot pay billboards and television reports. However, they can pay for a magazine ad only once in a local publication or a direct mail piece. The latter are very ineffective and are mostly not read and thrown in the trash, since about 44% of all direct mail and publications are thrown away.
As a result of these small outbound marketing strategies they are more accessible and end up costing you more in the short term and with nothing to show. Keep in mind that this type of marketing requires repeated connections.
The products and services are very similar but there may be differences in how they are marketed, the fees charged, and the level of customer service provided.
