Answer:
This answers may help you
The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.
S stands for Selling Expenses and includes the costs of advertising, selling, and delivering goods and services. Selling expenses include sales materials, travel expenses to customers and prospects, advertising expenses, salesperson salaries and commissions, and so on.
Operating expenses — also known as selling, general, and administrative (SG&A) expenses — are the costs of running a business. These include rent and utilities, marketing costs, computer equipment, and employee benefits.
Learn more about sales and expenses at
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Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills.
Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.
The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (
Answer:
$8,000
Explanation:
<u>Changes during the year :</u>
Liabilities = $16,000 Increase ($31,000 - $15,000)
Assets = $21,000 Increase
<u>Accounting Equation states that :</u>
Assets = Equity + Liabilities
<u>Change in equity during the year will be :</u>
Equity = Assets - Liabilities
= $5,000
<u>Causes of change in equity :</u>
Capital $5,000
Add Dividends ($2,000)
Add Change $5,000
Profit during the year $8,000
therefore,
Net Income for the year was $8,000
Research and collect information.
<u>The phases of the 3 x 3 process are:</u>
1. Pre-writing: think about your audience, anticipate the reaction to your message adapt the message to the audience
2. Drafting: <u>research and collect information,</u> organize it and write the first draft
3. Revising: Edit, proofread, and make sure it meets the goals that you developed in the pre-writing process.
