1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grigory [225]
3 years ago
15

Blossom Corporation had net sales of $2,410,900 and interest revenue of $36,700 during 2017. Expenses for 2017 were cost of good

s sold $1,460,400, administrative expenses $218,600, selling expenses $286,400, and interest expense $50,800. Blossom’s tax rate is 30%. The corporation had 105,200 shares of common stock authorized and 73,090 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Blossom Corporation.

Business
1 answer:
BaLLatris [955]3 years ago
7 0

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

You might be interested in
If your budget allowed you extra money for this month, would you choose to consume, invest, or save that money? Why? Be specific
ruslelena [56]
Personally, I would choose to save that money. The reason why is you never know - maybe something bad is going to happen and you will need that extra cash. So instead of splurging it on material things, it's better to save it for a rainy day, in my opinion. Investing is not safe, given that you may lose a lot more than you invest. 
3 0
3 years ago
Read 2 more answers
Backflush costing is a costing method that: Charges current production costs directly to finished goods inventory. Charges curre
pychu [463]

Answer:

Charges current production cost directly to work-in-process inventory

Explanation:

The blackflush costing is the costing method in which the present cost of production would be charged to the work in process inventory in a direct way

Therefore as per the given situation the second option is correct

ANd, the rest of the options are wrong as it does not meet the criteria

So the second option would be taken into consideration

7 0
3 years ago
Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. this ____
alexgriva [62]

This "lessens" rivalry, since buyers become "less" price-sensitive.

Price sensitivity is how much the cost of an item influences customers' buying practices. In financial matters, price sensitivity is usually estimated utilizing the price elasticity of demand. For instance, a few buyers are not willing to pay even a couple of additional pennies per gallon for gas, particularly if a lower-valued station is adjacent.

7 0
3 years ago
Read 2 more answers
In East Germany, back before the Berlin wall fell, there was one manufacturer of cars (VEB Sachsenring Automobilwerke Zwickau).
Anastasy [175]

Answer:

Command

Explanation:

Based on the information given the East Germans were living with COMMAND economy.

COMMAND ECONOMY occur in a situation where people are be authoritated, instructed or directed to do something without giving them the right to Decide and acquired what they want , desire or wish to have.

A country economy can be tend to be classified as a COMMAND ECONOMY when the government of such country are in total controlled of the economy of the country just as in the case of East Germany.

Therefore East Germans were living with what COMMAND economy.

5 0
3 years ago
The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabil
BARSIC [14]

Answer:

center of gravity.

Explanation:

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's center of gravity.

Generally, the center of gravity of a company is usually the point at which it started business. The center of gravity of a company defines its strengths, success, achievement and dominant operations.

For any successful business, there is always a center of gravity. This is the point or stage where all of the strategic decisions, greatest expertise, risks management and capabilities lie.

<em>Hence, should there be an error, disagreement or disarray at the center of gravity, then the company is headed for losses and bankruptcy. </em>

8 0
3 years ago
Other questions:
  • The basic rest-activity cycle is about 30 minutes in length <br> a. True <br> b. False
    13·1 answer
  • The _______ test asks the question: is the industry profitable or capable of being profitable?
    11·1 answer
  • Suppose a new recreational neighborhood park would cost​ $20,000, including opportunity​ costs, to construct and maintain. if​ b
    6·1 answer
  • If you take out a loan, which two things do your loan payments go toward?
    7·2 answers
  • A population gathers plants and animals for survival. They need at least 360 units of​ energy, 300 units of​ protein, and 8 hide
    13·1 answer
  • In​ 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the​ year, the company declared and pa
    10·1 answer
  • A stock is expected to return 11% in a normal economy, 19% if the economy booms, and lose 8% if the economy moves into a recessi
    5·1 answer
  • You want to endow a scholarship that will pay $13000 per year​ forever, starting one year from now. If the​ school's endowment d
    7·1 answer
  • The idea of diminishing returns to an input in production suggests that if a local college adds more and more custodians, the ma
    14·1 answer
  • Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follow
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!