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3 years ago

QUESTION 6 of 10: The income statement is designed to measure:

Business

1 answer:

Dmitry_Shevchenko [17]3 years ago

4 0

Answer:

a) A company's performance over a certain period of time

Explanation:

An income statement reports the profit or loss that a business makes in a financial period. The statement compares the revenue a business generates in a period against the expenses for the period. If the revenues exceed the expenses, then the business made profits in that period.

A Business's financial period is usually one year or 12 months. An income statement reports profit for the 12 months. The income statement may be prepared to report performance for a shorter duration, such as three or six months.

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cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that s

klemol [59]

As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.

Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:

People are more confident in their finances and the ability to make income in future
People will spend more in the economy because they are more confident in their income
Aggregate demand will rise as more people demand goods and services

If the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.

In conclusion, spending in the economy will increase and aggregate demand will rise.

<em>Find out more at brainly.com/question/9930012. </em>

8 0

3 years ago

Coronado Corporation acquires a coal mine at a cost of $448,000. Intangible development costs total $112,000. After extraction h

SSSSS [86.1K]

Answer:

Dr Depletion expense 66,640

Cr Accumulated depletion 66,640

Explanation:

Coronado Corporation

Journal entry

Dr Depletion expense 66,640

Cr Accumulated depletion 66,640

Total Cost = $448,000+$112,000 =

$ 560,000

Depletion per ton

= ($560,000-$179,200)/4,480

= 85 per ton

Depletion first year = 784*85 = 66,640

8 0

4 years ago

A 1990 Naval Aerospace Research Laboratory Study noted that the fixations that occur during a scan require about 18 seconds.

Anastaziya [24]

This answer is A. True

7 0

3 years ago

Imagine that every year, more and more water parks are being built in cities in the state of Nevada. No other state in America i

densk [106]

The answer is B , because all the other answers aren’t important with answering that question .

7 0

3 years ago

Your grandparents would like to establish a trust fund that will pay you and your heirs $225,000 per year forever with the first

xz_007 [3.2K]

Answer:

They must deposit $5,113,636.36.

Explanation:

Giving the following information:

Cash flow= $225,000

Interest rate= 4.4 percent

To determine the amount to be deposited today, we need to use the perpetual annuity formula:

PV= Cf/i

Cf= cash flow

PV= 225,000/0.044

PV= $5,113,636.36

They must deposit $5,113,636.36.

3 0

3 years ago