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zmey [24]
3 years ago
10

Tania, a management accountant in a cosmetics company, is asked by her manager to calculate the profit or loss earned by the com

pany in a given time period. To get the required information, Tania is most likely to: a. subtract the company's expenses from its revenue. b. subtract operating costs from the company's retained earnings. c. add the company's current liabilities to its accounts receivable. d. multiply the revenue of the company with its retained earnings.
Business
1 answer:
oee [108]3 years ago
6 0

Answer:

a. subtract the company's expenses from its revenue.

Explanation:

For computing the profit or loss we simply deduct all the expenses incurred from the revenue earned.

If the revenue is more than the expenses than it would profit to the company

And, if the revenue is less than the expenses than it would be loss suffered by the company

In mathematically,

Net income = Total revenues earned - all expenses incurred

And, the net loss = All expenses incurred - total revenues earned

Hence, the first option is correct

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Suppose Ningbo Steel had sales revenue of $11,000 sales revenue, cost of goods sold of $5,000, operating expenses of $3000, inte
Anon25 [30]

Answer:

A. $1,600

Explanation:

                               Ningbo Steel

                           Income Statement

Sales Revenue                                   $11,000

Less Cost of goods sold                    <u>$5,000 </u>

Gross Profit                                         $6,000

Less Operating Expense                    <u>$3,000 </u>

Earning Before Interest and Taxes    $3,000  

Less Interest Expense                         <u>$1,000</u>

Earning before Tax                              $2,000  

Less Tax Expenses (2,000 *20%)       <u>$400</u>

Net Profit after tax                              <u>$1,600</u>

6 0
3 years ago
Use the below information to answer the following question.
lianna [129]

Answer:

$2,253.35

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $48,900

total sales = $42,700

$ Δ sales = $5,978

current liabilities = $3,650

profit margin = net income / sales = 0.129

forecasted sales = $48,678

dividends payout ratio = dividends / net income = 0.35

EFN = [($48,900/$42,700) x ($5,978)] - [($3,650/$42,700) x ($5,978)] - [0.129 x $48,678 x (1 - 0.35)]

EFN = $6,846 - $511 - $4,081.65 = $2,253.35

7 0
3 years ago
What are 2 types of goods/services that lends themselves well to non-price competition?
Luden [163]
<h2>Answer:Non-price competition typically involves promotional expenditures (such as advertising, selling staff, the locations convenience, sales promotions, coupons, special orders, or free gifts), marketing research, new product development, and brand management costs.</h2>

Explanation:

4 0
3 years ago
You observe that the inflation rate in the United States is 1.5 percent per year and that T-bills currently yield 2.0 percent an
Kamila [148]

Answer:

(a) 7.5%

(b) 8.5%

(c) 9.5%

Explanation:

(a) Foreign country inflation rate - US inflation rate = Foreign country risk free rate - US risk free rate

Lets foreign country inflation rate = X

X - 1.5 = 8 - 2

X - 1.5 = 6

X = 6 + 1.5

   = 7.5%

(b)

Lets foreign country infllation rate = X

X - 1.5 = 9 - 2

X - 1.5 = 7

X = 7 + 1.5

   = 8.5%

(c)

Lets foreign country inflation rate = X

X - 1.5 = 10 - 2

X - 1.5 = 8

X = 7 + 1.5

   = 9.5%

6 0
2 years ago
Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and
NemiM [27]
You would get 20 basketballs at $30 and 30 basketballs at $20.
4 0
2 years ago
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