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Vedmedyk [2.9K]
4 years ago
15

Duke Company's records show the following account balances at December 31, 2021:

Business
1 answer:
Triss [41]4 years ago
5 0

Answer:

Total comprehensive income = $2,250,000

Explanation:

Note: See the attached excel file for the single, continuous multiple-step statement of comprehensive income for 2021.

Multiple-step income statement is an income statement that employs multiple subtractions in the process of calculating the net income. Multiple-step income statement shows the gross profit and separates the operating revenues and expenses from the nonoperating revenues, expenses, gains, and losses.

Download xlsx
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Creative quilts studio sells hundreds of colors and types of fabric and thread. to price its inventory, the owners add 50 percen
Ierofanga [76]

Answer:

Standard markup pricing.

Explanation:

Standard markup pricing uses a fixed (standard) percentage rate of markup for different items. A common rate that is also used in this case is 50% markup.

<u>Example: </u>

If the bolt of fabric costs Creative Quilts $10, they will add 50% of that to the cost when they sell it. 50% * $10 = $5.

Markup + item cost = selling price

$5 + $10 = $15

8 0
4 years ago
The primary goal of financial management is to maximize the: Question 4 options: current net income. net working capital. the nu
diamong [38]

Answer: Market value of the exiting stock

Explanation: Financial management deals with managing the financial resources that an organisation owns. The manager under financial management tries to bring stability in financial transactions of an organisation.

The main objective of financial management is to maximize the market value of the existing outstanding stock, and this could be achieved only when the financial resources of the organisation are seemed as strong in the eyes of investors.

3 0
3 years ago
Identify the leadership style that Jack should apply in each statement below.​
icang [17]

Answer:

1.3.1 Charismatic leadership style

1.3.2 Transactional leadership style

1.3.3 Democratic leadership style

1.3.4 Laissez-faire leadership style

1.3.5 Autocratic leadership style

8 0
3 years ago
True or false: if country b has an absolute advantage over country a in producing bicycles, it must also have a comparative adva
erastova [34]
<span>This statement is false. An absolute advantage is the countries ability to carry out a certain economically advantageous activity better than another country or group while a comparative advantage is the ability to carry out an economic activity better and more efficiently than another activity.</span>
3 0
4 years ago
The manager of a store that specializes in selling tea decides to experiment with a new blend. She will mix some Earl Grey tea t
Lelechka [254]

Answer:

Amount of Grey tea = 100 pounds

Amount of Orange Pekoe tea = 300 pounds

Explanation:

let G = amount of Grey tea

let 400 - G = amount of Orange Pekoe tea

6G + 4 (400 - G) = 4.5 x 400

6G + 1,600 - 4G = 1,800

2G = 1,800 - 1,600 = 200

G = 200 / 2 = 100

400 - G = 400 - 100 = 300

3 0
4 years ago
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