Answer:
The major advantage of multiple step income statement is that it breaks down the operating revenues and the costs incurred in the business.
It shows separated Gross profit which can be calculated as: Sales - COGS.
Apart from that, it shows separate Operating Income: Gross Profit - Operating expenses.
Lastly, it shows Net income: Operating income + non operating income.
Hence, concluded that, multiple step income statement offers a greater and detailed picture as compared to single step income statement.
Hope this helps.
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Increase, assuming packaged coffee=coffee, people will demand more coffee being aware that its price will be increased, thus they will try to consume its benefits before its price goes up.
Answer:
sell as little natural gas as possible in the present and delay extraction until the future- reflected by a leftward shift of the current supply curve.
Explanation:
i was want answers and i got it right
Answer:
Explanation:
For representing the budgeted documents in the correct order, the following ordering should be required which is shown below:
1. Sales budget
2. Production budget
3. Direct materials budget
4. Direct labor budget
5. Selling and administrative expense budget
6. Cash budget,
7. The budgeted income statement,
8. Budgeted balance sheet
First, the company has to decide how much sale is to be done in a particular year after that company can decide the purchase amount, after that material, labor and other selling expenses are required.
Then, the cash budget should be prepared which shows the cash inflow and cash outflow position of a business. At last, the Budgeted income statement and the Budgeted balance sheet should be prepared.
<span>The loan that requires a student to pay the interest they accumulated during college is called <u>an unsubsidized loan.</u>
There are also Federal unsubsidized loans. They are charged interest on these loans while the student is in school and also during a grace period. The student who borrows the money can choose to pay the interest every month or choose to have it put on the outstanding principal of the unsubsidized loan. Many colleges will tell the students to make a all to their loan service and set up an interest payment account.</span>
