The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.
S stands for Selling Expenses and includes the costs of advertising, selling, and delivering goods and services. Selling expenses include sales materials, travel expenses to customers and prospects, advertising expenses, salesperson salaries and commissions, and so on.
Operating expenses — also known as selling, general, and administrative (SG&A) expenses — are the costs of running a business. These include rent and utilities, marketing costs, computer equipment, and employee benefits.
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Answer:
5.25%
Explanation:
Mathematically, investing at the 3-year risk-free zero rate should be the same as investing at a 2-year risk-free zero rate and one-year forward rate beginning in two years as shown thus
(1+S3)^3=(1+S2)^2*(1+y2y1)^1
S3=4.75%
S2=4.5%
y2y1=unknown
(1+4.75%)^3=(1+4.5%)^2*(1+y2y1)
1+y2y1=(1+4.75%)^3/(1+4.5%)^2
y2y1=((1+4.75%)^3/(1+4.5%)^2)-1
y2y1=5.25%
The area of accounting that serves the decision-making needs of internal users is referred to as managerial accounting.
Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting. In other words, managerial accounting aids in decision-making within an organization's board of directors. Cost accounting is another name for this practice. This is how data is differentiated, examined, analyzed, and imparted to managers to support the achievement of organizational objectives. The information acquired covers every area of accounting that instructs management on how to relate company activities to the organization's financial outlays and decisions. Plans are used by accountants to evaluate an organization's overall operational strategy.
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