Answer:
Sales revenue 392,500
Sales returns and allowances (20,000)
Sales discounts <u> (8,600) </u>
Net Sales: 363,900
COGS (221,000)
Gross Profit 142,900
Freight-out (9,700)
Salaries and wages expense (63,400)
Rent expense (33,500)
Insurance expense <u> (14,600) </u>
Earnings before taxes 21,700
Income tax expense <u> (4,900) </u>
Operating income 16,800
OCI <u> 2,000 </u>
Net Income 18,800
Explanation:
First we solve for net sales.
Then we subtract COGS for Gross profit.
THen we subtract hte expenses and get hte earnings before taxes.
Next the inome tax expense and operationg income
then we put htis along with OCI for thenet income of the period.
I'd say fasle. many people now and days change jobs bc they arent what they thought it would be
Keynesian economists believe: <span>government can implement policy proposals that can positively impact the economy
Keynesian economist generally believed that the Economic situation in a country is a direct result from both private and public sector activities simultaneously, so both positive and negative things could derive from both sectors</span>
Factors that influence the supply of the product:
1)Price
2)Technology
Price is a direct relationship between the price of the product and its supply. There is a variation between the two if one way or another will increase in the present or in the future. If the fall of the price in the future there is an increase of supply in the market.
Technology is one of the determinant of supply. A better and innovative advanced technology would increase the production of the product. Example: communication gadget which is more high technology, effective and convenient. There is a greater extent of the increase of supply gadgets in the market.
