Answer:
Whispering Winds Gross profit is $402,100
Explanation:
Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.
Whispering Winds Corp.
Income statement for the year 2019
Net sales $973,000
Less: Cost of goods sold <u>$570,900</u>
Gross Profit $402,100
Less:Operating expenses <u>$220,300</u>
Operating Profit $181,800
Less: Interest expense <u>$14,600 </u>
Profit before Tax $167,200
The Economic boom<span> of the 1920s saw rapid growth in GDP, production levels and living standards. The growth was fuelled by new technologies and production processes such as the assembly line. The </span>economic<span> growth also caused an unprecedented rise in stock market values – share prices increased much more than GDP.
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Answer:
Gross Domestic Product
= $500
<em>GDP is the final value of goods and services. The haircut is valued at $500 so is GDP. </em>
Net National Product:
= GDP - Depreciation
= 500 - 80
= $420
National Income
= $420
<em>This is the income that a resident of the country earns and $420 is what Barry earned in net income.</em>
Personal Income
= National income - Retained earnings
= 420 - 120 - 50
= $250
Disposable Personal Income (Dollars)
= Personal income - income taxes
= 250 - 90
= $160
There are different types of investment. The type of investment would be an example of an investment at point B is a stock.
When you look at the graph, you will see a rise from point A to both B. With this, you can know that the asset class that has highest risk and also has the highest return is a stock.
There are different kinds of investments. They includes stocks, real estate, etc. The intention of the buyer is that they will increase the value of their savings/money over time.
Learn more about Stocks from
brainly.com/question/11514232
