Most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home

John's 8−year−old Chevrolet Trail Blazer requires repairs estimated at $6,000 to make it road worthy again. His wife, Sherry, s

Sphinxa [80]

Answer:

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Explanation:

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7 0

3 years ago

New Balance recently spent $13 million for time on television and space in selected magazines to promote its athletic shoes. Wha

denpristay [2]

Answer:

The correct answer is

advertising

good luck

7 0

3 years ago

Team operating principles are sometimes included in a project charter to enhance team performance. Which of the following statem

pantera1 [17]

Answer:

d. Operating principles increase team effectiveness and ensure that all parties are aware of what is expected.

Explanation:

Operating Principles are essentially the way that organizations put their values into practice and get things done. Many companies rely on operating principles to get things done faster. They also influence culture and values.

Principles of effective teamwork are:

1. Effective Communication amongst team members.

2. Reliable team members.

3. A good approach to conflict management.

4. Strong and effective leadership.

5.Effective allocation of resources.

6.Mutual respect amongst team members.

7.Constructive working relationship.

8.A positive approach to diversity and equality

7 0

3 years ago

Read 2 more answers

A corporation records a dividend-related liability

DanielleElmas [232]

Every corporation needs to recor a dividen-related liability on the declaration date. Have in mind that the declaration date is the date on which the next dividend payment is announced by the directors of a company. In that date all the limited liability corporations do those records. A target corporation is not a limited liability corporation.

7 0

4 years ago

Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling and administrativ

tester [92]

Answer:

1. $192,200

2. $192,200

Explanation:

1. Preparation for the statement of comprehensive income using the one statement format

Splish Corporation Statement of Comprehensive IncomeFor the Year Ended December 31, 2020

Sales revenue $1,242,800

Less Cost of goods sold ($737,700)

Gross profit $505,100

Less Selling and administrative expenses ($329,500)

Net income $175,600

($505,100-$329,500)

Add Unrealized holding gain on available-for-sale debt securities $16,600

Comprehensive income $192,200

Therefore the Comprehensive income for the statement of comprehensive income using the one statement format will be $192,200

2. Preparation a statement of comprehensive income using the two statement format

Splish Corporation Statement of Comprehensive IncomeFor the Year Ended December 31, 2020

Sales revenue $1,242,800

Less Cost of goods sold ($737,700)

Gross profit $505,100

Less Selling and administrative expenses ($329,500)

Net income $175,600

($505,100-$329,500)

Comprehensive Income

Net Income $175,600

Add Unrealized holding gain on available-for-sale debt securities $16,600

Comprehensive income $192,200

Therefore the Comprehensive income for the statement of comprehensive income using the two statement format will be $192,200

8 0

4 years ago