What is business ethics

Total _____ is the money earned from all producers in a country. (A)output (B)income (C)expenses

Mashcka [7]

The answer is (B) income. This question is related to Business and Economics. Total income, or Total revenue, is the sum of all money received by an individual or business. It usually includes income from services, revenue from sales, payments from pension plans, income from dividends, and related sources. Total income is usually used for purposes of assessing taxes, but it can also be used when evaluating the net worth of a company and determining an individual or organization's ability to make payments on a debt.

7 0

3 years ago

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ABC Industries is a division of a major corporation. Data concerning the most recent year appears below:

Zanzabum

Answer:

the return on investment is 19.55%

Explanation:

The computation of the return on investment is shown below:

Return on investment is

= (Net operating income ÷ Average operating assets) × 100

= ($940,160 ÷ 4,810,000) × 100

= 19.55%

Hence, the return on investment is 19.55%

7 0

3 years ago

Matt wants to buy his first car, but he does not know much about cars. his friends sandy and sam are automobile enthusiasts and

BabaBlast [244]

In this scenario, the buying decision of Matt is likely to be influenced by an opinion leader. Sandy is considered as an opinion leader because he is a car enthusiast and owns several cars which mean he has a wide knowledge about cars. Matt will be confident that Sandy will be able to give a reasonable opinion about the cars.

5 0

4 years ago

When a full set of general purpose financial statements are presented, comprehensive income and its components should:

Usimov [2.4K]

When a full set of general-purpose financial statements are presented, comprehensive income and its components should (D) be presented as part of the Income Statement or as a separate financial statement following the Income Statement.

<h3>Comprehensive income and its components:</h3>

Comprehensive income and its components should be reported as part of the Income Statement or as a separate financial statement after the Income Statement when a full set of general-purpose financial statements is furnished.
Net income (or loss) plus/minus other comprehensive income items, which may include, for a period: (a) a minimum pension liability adjustment, (b) any unrealized gain or loss on available-for-sale investments, (c) a foreign currency translation adjustment and gain/loss on the related hedge, and (d) the effective portion of cash flow hedges.
For-profit entities are required by US GAAP to report comprehensive income and its components for a period (unless the entity has no other comprehensive income) in one of two statements:

In the form of a separate "Statement of Comprehensive Income"
Or when paired with the Income Statement, a "Statement of Net Income and Comprehensive Income" is produced.

Therefore, when a full set of general-purpose financial statements are presented, comprehensive income and its components should (D) be presented as part of the Income Statement or as a separate financial statement following the Income Statement.

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The correct question is given below:

When a full set of general-purpose financial statements are presented, comprehensive income and its components should:

A. Appear below income from continuing operations in the Income Statement.

B. Reported net of related income tax effect, in total and individually.

C. Appear in a supplemental schedule in the notes to the financial statements.

D. Be presented as part of the Income Statement or as a separate financial statement following the Income Statement.

5 0

2 years ago

Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs o

Gnesinka [82]

Answer:

Using equation method we have,

Sales - variable cost = Fixed Cost

Let number of units be X, at break even then,

$150 X - ($60 + $18) X = ($480,000 + $240,000)

$150 X - $78 X = $720,000

$72 X = $720,000

X = $720,000/$72 = 10,000 units.

Using contribution income statement

Contribution margin per unit approach = Selling price - Variable cost = Contribution = $150 - $60 - $18 = $72 per unit

Total fixed cost = Fixed Manufacturing cost + Fixed Selling & Administrative

= $480,000 + $240,000 = $720,000

Break Even Point = $\frac{Fixed\ Cost}{Contribution\ Per\ Unit}$

= $\frac{720,000}{72} = 10,000$

Contribution margin Income Statement:

Sales value = $150 $\times$ 10,000 = $1,500,000

Less: Variable Cost

Manufacturing = $60 $\times$ 10,000 = ($600,000)

Selling Expense = $18 $\times$ 10,000 = ($180,000)

Contribution Margin = $720,000

Less: Fixed Cost

Fixed Manufacturing Cost = ($480,000)

Fixed Selling Expense = ($240,000)

Profit = $0

8 0

4 years ago