Answer: B) Revenues minus expenses over an accounting period.
Explanation:
The Income statement lets the business know how much profit it made from its operations during the year.
It lists the revenue that was earned and then deducts all expenses that were incurred from that revenue including taxes and interest payment and then presents the net income/loss.
The first option refers to the Cashflow statement.
Answer:
B. Using census data to find information about your target market
Explanation:
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Explanation:không bít dòi
Answer:
Variable cost= $1,920,000
Explanation:
Giving the following information:
Sales= $3,000,000
Contribution margin ratio= 0.36
<u>The contribution margin ratio is the dollar remaining after deducting from sales of the variable component.</u> In 1 dollar, the contribution margin is $0.36.
<u>In this case:</u>
Variable cost= sales*(1-Contribution margin ratio)
Variable cost= 3,000,000*0.64
Variable cost= $1,920,000
