Items that belong in the income statement include:
- Revenue, expenses and net income
<h3>The Income Statement </h3>
- Is used to calculate the total income earned by a company in a given period.
- Lists the revenue and expenses.
The net income will then be calculated by deducting the expenses from the revenue.
In conclusion, the income statement shows revenue, expenses, and income.
Find out more about the income statement at brainly.com/question/14818051.
Answer:
Open accounts resulting from short-term extensions of credit to customers
Explanation:
Trade receivables are amounts billed by a business to its customers when it delivers goods or services to them in the ordinary course of business. These billings are typically documented on formal invoices, which are summarized in an accounts receivable aging report.
Buys surfboards, wetsuits, and surf wax from rip to shreds, inc. for sale to consumers. The type of company is surf shack corp is a retail merchandiser.
Merchandising is any practice that contributes to the sale of products to retail consumers. At the retail level, merchandising refers to the presentation of products that are sold in creative ways that induce customers to purchase more items or products.
Retail store clerks are responsible for ensuring that appropriate quantities of merchandise are available in stores and sold at appropriate prices. Clever planning, careful purchases, and smart advertising campaigns can increase your profits.
Merchandisers keep merchandise on retail shelves and present it appropriately to customers. They also track inventory levels, report problems and shortages to management, and clean up unwanted items for blatant violations of store decor.
Learn more about retail merchandiser brainly.com/question/7145120
#SPJ4
Answer:
It will increase price for consumers, as well as cost for airlines (due to increased demand & supply)
Explanation:
Markets are at equilibrium when market demand = market supply.
If federal government imposes more safety measures on airlines & consumers. Cost for airlines rise due to increased security expenditures, so supply decreases (shifts leftwards). Customers might feel safer amidst more personal & organisational security measures, so demand increases (shifts rightwards).
Both these factors lead to increase price for consumers, as well as cost for airlines
Answer:
$162,000
Explanation:
Income Statement - New Offer
Sales (27,000 x $17) $459,000
Less Variable Costs of the offer :
Variable manufacturing costs (27,000 x $11) ($297,000)
Net Income (Loss) $162,000
therefore,
the amount of income from the acceptance of the offer is $162,000
