<span>The supplier may feel that revealing cost information to buyers may put them at a disadvantage because it would hurt their pricing strategy, they would be better of withholding the info to sell at a higher price or more convenient manner. The supplier may also not fully understand the cost information, so he or she may not want to give the buyer false information.</span>
Answer:
The table is shown below
Explanation:
The table is as follows :
Lin most likely a victim of fraud. Fraud is the intentional taking something from another individual for personal or financial gain which would make the other party at disadvantage. Committing fraud is a criminal offense and the victim could make legal actions to chase the criminal.
Answer and Explanation:
The Preparation of income statement for the year ending December 31, 2017 is shown below:-
<u> Oriole Company</u>
<u> Income Statement</u>
<u> For the Year Ended December 31, 2017</u>
Particulars Amount
Service Revenue $86,250
Less:
Expense
Salaries and Wages
Expense $38,640
Rent Expense $14,352
Utilities Expense $4,278
Advertising Expense $2,484
Total Expenses $59,754
Net Income/ (Loss) $26,496
Therefore for determining the net income/loss we simply deduct the total expenses from service revenue.
