Which of the following is NOT a useful strategy when making an informed purchase?

which of these line items appears on both the statement of stockholders' equity and the balance sheet?

Bad White [126]

Net income

What is net income?

Net income can either be added to retained earnings by the company or given as a dividend to ordinary stockholders. Net earnings and net profit are frequently used as synonyms for net income because profit and earnings are used interchangeably for income (depending on usage in the UK and the US as well). Net income is frequently substituted with the word income, but this is not preferred owing to potential ambiguity. Because net income is often located on the last line of a company's financial statement, it is colloquially known as the bottom line (a related term is top line, meaning revenue, which forms the first line of the account statement).

To learn more about Net Income

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5 0

2 years ago

"Snoop Company sells collectibles. The following information summarizes Snoop Company's operating activities for the most recent

Mkey [24]

Answer:

The answer is $30000

Explanation:

$ $

Sales 195000

Less cost of sales

Opening stock 12000

Add purchases 97000

109000

Less closing stock 6000

103000

Gross profit 92000

Less operating expenses 62000

Operating income 30000

The operating income is $30000

4 0

4 years ago

Why is Earned Value a very powerful tool? Answer: It combines the cost, scope, and ____________ as an integrated tool to calcula

nataly862011 [7]

Answers
1) Time
2) cost analysis or performance measurement.

Explanation

Earned value — it integrates cost, time and the work done (or scope) and can be used to forecast future performance and project completion dates and costs...

7 0

3 years ago

a semiannual interest of 3.5%. Any money he invests would have to be left in the fund for at least five years if he wanted to wi

Lemur [1.5K]

Answer:

Results are below.

Explanation:

Giving the following information:

The semiannual interest of 3.5%.

A) We need to calculate the nominal interest rate:

Nominal interest rate= 0.035/2= 0.0175

B) Real interest rate:

Real interest rate= (1.0175^2) - 1= 0.03531

It compounds interest twice a year. Therefore, is higher

C) Investment= $8,000

We will use the following formula:

FV= PV*(1+i)^n

n= 10

i= 0.175

PV= 8,000

FV= 8,000*(1.0175^10)

FV= $9,515.56

8 0

3 years ago

ompute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and completed. The following informati

Salsk061 [2.6K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

1. We weren't provided with enough information to calculate the plantwide predetermined overhead rate. But, I can provide the information required as an example and the formulas necessary.

Estimated overhead= 1,200,000

Estimated machine-hours= 350,000

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,200,000/350,000

Predetermined manufacturing overhead rate= $3.43 per machine hours.

2. Job 400:

Direct materials $320

Direct labor cost $240

Machine-hours used 36

Total manufacturing cost= 320 + 240 + 36*3.43

Total manufacturing cost= $683.48

3. Job 400= 50 units

Unitary cost= 683.48/50= $13.67

4. Moody uses a markup percentage of 120% of its total manufacturing cost

Selling price per unit= 13.67*1.2= $16.404

4 0

3 years ago