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mariarad [96]
3 years ago
9

True or False: The date line of a balance sheet depicts a specific day and not a period of time.

Business
1 answer:
GalinKa [24]3 years ago
6 0
The answer is true, hope that helps!!
You might be interested in
Is psychological marketing ethical in your opinion?
a_sh-v [17]
Psychological marketing is ethical because there is a code of ethic which regulate the type of profession used it. Therefore, it has to be ethical if the professionals use it according to the code. Psychological marketing is a type of marketing which includes the psychology in its implementation. This knowledge is used<span> for analyzing the consumers' behavior.</span>
4 0
4 years ago
Developing nations have formed international commodity agreements (ICAs) between leading producing and consuming nations of comm
Stella [2.4K]

Answer: increase the income of farmers in developing nations.

Explanation:

Due to having weaker currencies, a lower standard of living and supplying raw materials, the farmers in developing nations are not paid a lot and so have to produce a significant amount of produce in order to get paid better.

International Commodity Agreements (ICAs), recognize that this is exploitative towards these farmers and so is working to increase the income that these farmers get in line with the fair trade system.

6 0
3 years ago
A company has the following items on its year-end trial balance:Net sales $500‚000Common stock 100,000Insurance expense 75,000Wa
Debora [2.8K]

Answer:

C. $400,000

Explanation:

The computation of the gross profit is shown below:

Gross profit = Net Sales - costs of goods sold

                   = $500,000 - $100,000

                   = $400,000

For determining the gross profit, we deduct the costs of goods sold from the net sales, so that the true value can come. It is shown in the income statement  

All other information which is given is not relevant. Hence, ignored it                    

4 0
3 years ago
Momentum Rollerblades has three product lineslong dash​D, ​E, and F. The following information is​ available: D E F Sales revenu
maksim [4K]

Answer:

Increase in Net Operating Income = $3,000

Explanation:

Provided Current Operating income

D = $45,000

E = $15,000

F = ($5,000)

Total operating Income = $55,000

In case product f is dropped then fixed cost of $21,000 will not be incurred.

Total fixed cost of Product F = $23,000

Avoidable fixed cost = $21,000

Fixed cost still to be incurred = $23,000 - $21,000 = $2,000

Net operating Income will arise same for Product D and E, there will be additional fixed cost of $2,000 without product F

Net Operating Income will be

D = $45,000

Add: E = $15,000

Operating Income = $60,000

Less: Fixed Cost = -$2,000

Net Operating Income = $58,000 after dropping product F

Less: Net operating income with product F = $55,000

Increase in Net Operating Income = $3,000

4 0
3 years ago
In the late nineteenth century, many businessmen argued that the United States should be prepared to compete with nations throug
lina2011 [118]

Answer:

D) movement toward American imperialism

Explanation:

Imperialism refers to a foreign policy doctrine that attempts to extend the rule of one nation over other countries. Usually imperialism is based on military power or economic control. During previous centuries, many European nations had expanded its domain over vast colonies around the world and were able to earn fortunes due to natural resources extracted from them. The US itself was a colony (or 13) of the British Empire.

American businessmen were in favor of imperialism because that way he US would be able to control the natural resources from other countries.

7 0
3 years ago
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