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3 years ago

Which two of the three financial statements would you find Net Income on?

Business

1 answer:

xxTIMURxx [149]3 years ago

6 0

Answer:

C) Income Statement and Cash Flow Statement

Explanation:

The Income Statement shows a clear separate entry for the Net income which is calculated after all the deductions and additions.

Net Income is the first balance shown on the cash flow statement after which the calculations are carried out to find the flow of cash in and out of the company.

Net income is also shown in the Balance Sheet but not separately but together with retained earnings. It is added to the retained earnings and the amount is shown as a whole amount of retained earnings or shown as a change in equity.

So best answer is C because the question asked is where would you find Net Income on?

Meaning separately. So it is separately present on Income Statement and Cash Flow Statement.

Otherwise it is present on all three statements ( on balance sheet as part of retained earnings or equity).

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(Last Word) Critics of the World Trade Organization (WTO) say that liberalized world trade does all of the following EXCEPT:a. p

tester [92]

The correct answer is C. Helps developing nations escape from poverty

Explanation:

The World Trade Organization (WTO) is one of the most important organizations worldwide that regulate the trade between nations, the WTO includes almost all countries in all continents and aims at facilitating trade and other economic activities. Despite this, the WTO is criticized by many for multiple reasons that include the pollution and environmental degradation due to more trade and manufacture, the irregularities in protections and conditions as some countries skip laws about workplace safety, child labor, etc. and that it supports big multinational corporations rather than small local businesses.

However, one of the reasons critics of the WTO do not mention because it is a positive aspect of the WTO and the liberalized trade is that it actually "helps developing nations escape from poverty" as it provides opportunities for all the members to trade products especially those that are exclusive from each country.

8 0

3 years ago

The cumulative feature of preferred stock

Dima020 [189]

Answer:

B) requires that dividends not paid in any year must be made up in a later year before dividends are distributed to common shareholders.

Explanation:

In cumulative feature of preferred stock, the preference shareholders have priority of shareholders over common shareholders in the year subsequent to the year in which the dividend is not distributed. All other options given in the question are incorrect.

3 0

3 years ago

Kelly and Tim Jarowski plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payment

antiseptic1488 [7]

Answer:

How long will it take them to cover the cost of refinancing = 29months

Explanation:

Number of months = $1,690 / $58

Number of months = 29 months

3 0

3 years ago

At a local business school, there is a toasted submarine sandwich process that uses a conveyor-fed oven. ( See picture below) Al

dem82 [27]

Answer:

b. 20 sandwiches

c. 25 sandwiches

Explanation:

1. I added this diagram of the flow chart as an attachment

Hourly capacity of sandwich making process:

Time it makes to 1 sandwich: 2 + 12 + 1 = 15

The time alice spends when making one sandwich = 2 + 1 = 3

oven uses 12 minutes to process one sandwich, so in 12 minutes, alice can can make 12/3 sandwiches = 4

The Oven can take 5 subs at a time,

So in one hour, the making process

= 60/3 = 20 sandwiches

To calculate Hourly capacity with additional employee:

Alice takes 2 minutes

Additional employees takes 1 minute

Oven uses 12 minutes to make one sandwich

It's only after every 2 minutes Alice can put one sandwich. The oven can take only 5 sandwiches.

So in an hour:

Since oven can take 5

Sandwiches at a time, therefore one sandwich takes,

12 / 5 = 2.4 minutes.

In 1 hour number we have number of processed sandwich as

60 / 2.4 = 25

At hourly capacity with additional employees we have 25 sandwiches

5 0

3 years ago

Fully explain the differences between the following, using examples: a. Trade-offs and Opportunity Cost b. Normative and Positiv

Natali [406]

Answer: See explanation

Explanation:

a. . Trade-offs and Opportunity Cost.

A trade-off occurs when an increase in a particular thing brings about a reduction in another thing. It involves reducing a particular resource in order to increase another resource.

Opportunity cost is the loss on a potential gain when one chooses something else.

b. Normative and Positive Economics

Normative economics is when the focus of a particular economy is about fairness and what should be right. It is based on the judgement of individuals or their opinions.

Positive statement is a statement that's backed by facts. It is a statement that's said to be true.

c. Consumer Goods and Capital Goods

Consumer goods are the goods that are consumed by individuals in order to satisfy their current wants.

Capital goods are the goods that are used to produce other goods. They are not wanted for immediate consumption but rather used for production process.

d. Resource Markets and Product Markets

A resource market is referred to as a market where a particular business can buy the resources that it need for its production process.

A product market is the market where goods are traded. In such market, one can buy goods like cars, fans, etc

e. Free Market, Mixed and Centrally-Planned

Free market is a market whereby the individuals and the firms are the one controlling the resources in such market. Prices are determined in such market based on the interaction that occurs between the demand and supply. There's minimal intervention from the government in such market.

Command economy can also be called a planned economy and it is the economy whereby the allocation off goods and the services for that economy is down by the government.

Mixed economy is an economy whereby all the economic agents like the individual, the firms and government all play a role in the production and also the distribution of goods and services.

8 0

3 years ago