1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KengaRu [80]
2 years ago
12

The income statement begins with revenue and subtracts various operating expenses until arriving at Earnings Before Interest and

Taxes.​ Next, interest expense is subtracted to find the taxable income for the period. Then the appropriate taxes are calculated and subtracted. We finally arrive at the​ ________ , the so called bottom line of the income statement. Group of answer choices

Business
1 answer:
Serggg [28]2 years ago
6 0

Full question attached

Answer:

D. Earnings before interest and taxes(EBIT)

Explanation:

Earnings before interest and taxes abbreviated EBIT in the income statement is arrived at by deducting operating expenses from revenue/sales to get operating income. The operating income is earnings before interest and taxes which comes before gross income(subtract other expenses). Operating expenses are the main expenses concerned with operations of the business such as the Sales

You might be interested in
Larry's Lawn Care incurs significant gasoline costs. This cost would be classified as a variable cost if the total gasoline cost
mafiozo [28]

Answer:

Increases in direct proportion to the number of hours the lawn equipment is operated.

Explanation:

Variable costs refer to those costs which vary or change with the level of production output. Such costs rise as production level increases and fall with decrease in the production level.

Examples of variable costs would include direct labor cost which varies with the number of hours worked, or sales commission which varies w.r.t the volume of sales effected by a salesperson.

In the given case, the cost incurred on gasoline, which is used as fuel for lawn equipment, would be classified as a variable cost if, such cost increases when lawn equipment is operated for more hours or falls when the same equipment is operated for lesser number of hours.

Thus, such costs should increase in direct proportion to the number of hours the lawn equipment is operared, to be classified as a variable cost.

5 0
2 years ago
Great Eastern Rectangle (GER) currently has 970,000 shares of stock outstanding that sell for $29.25 per share. Assuming no mark
Nina [5.8K]

Answer:

Please see attachment

Explanation:

Please see attachment

3 0
3 years ago
You are to interview an entrepreneur, then summarize the interview questions. This assignment is worth 4 grades.
Trava [24]

Explanation:

An informational interview is a wonderful way to network and a fantastic way to learn more about a career in which you are interested in possibly pursuing. And these types of interviews don't just provide solid information to those interested in corporate careers.

If what you are interested in most is starting your own business rather than working for someone else, an informational interviews is a way to find out what it takes to be a successful entrepreneur and learn more about what running your own business entails. These types of conversations can also help you make a well-informed decision about whether running your own business fits into your vision for your life and career.

4 0
2 years ago
Which terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
AysviL [449]

Answer: Agency problem

Explanation:

Agency problem  is the issue rises when the agents fails to display appropriate interest of principles.This interest conflict usually occurs between the organisation's stakeholder and management.

In this situation,manger is the person who usually acts as the agent for providing best interest to the stakeholder to increase their wealth and benefit.But if failure in this case occurs , then conflict is experienced between both the parties.

4 0
3 years ago
Self-imposed budgets typically are:
Pepsi [2]

Answer:

C. subject to review by higher levels of management in order to prevent the budgets from becoming too loose.

Explanation:

Self-imposed budgets typically are subject to review by higher levels of management in order to prevent the budgets from becoming too loose.

Self-imposed budget also known as the participative budget is a type of budget where individuals having responsibility for controlling costs, prepares their own budget estimates and present them to the top level of management for review.

3 0
3 years ago
Other questions:
  • Total government spending (federal, state, and local) sums to approximately:
    11·1 answer
  • You manage a pension fund that promises to pay out $10 million to its contributors in five years. You buy $7472582 worth of par-
    5·1 answer
  • "The economy is doing well when the level of real GDP<br> is at Potential GDP"<br> True<br> O False
    11·1 answer
  • Carver Packing Company reports total contribution margin of $72,000 and pretax net income of $24,000 for the current month. In t
    15·1 answer
  • Which of the following is true of voluntary export restraints? a. It is a government payment to domestic firms. b. It is an exam
    10·1 answer
  • In March 2017​, the money price of a carton of milk was ​$1.76 and the money price of a gallon of gasoline was ​$2.39. Calculate
    5·1 answer
  • During the 2008 election period the United States
    6·1 answer
  • Which type of document typically includes contract contingencies?
    14·1 answer
  • Item13 Time Remaining 45 minutes 57 seconds00:45:57 Item 13 Time Remaining 45 minutes 57 seconds00:45:57 The world's largest man
    14·1 answer
  • For management, a major downside of telecommuting is ________. decreased collaboration reduced morale increased turnover decreas
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!