Answer:
Big Tommy Corporation
Profit and Loss for the year ended December 31
Sales 404,000
Cost of Goods Sold 279,000
Gross Profit 125,000
<em>Operating Expenses:</em>
Salaries and Wages Expense 58,000
Office Expenses 16,000
Travel Expenses 1,000 75,000
Operating Income: 50,000
Non-Operating Expenses
Income Tax Expense 15,000 15,000
Net Income 35,000
Explanation:
Multistep income statement makes a clear distinction on Operating Incomes and Expenses and Non-Operating Incomes and Expenses
Operating income is Profit generated from Primary activities of the company
Non-Operating Incomes and Expenses do not relate to the Primary activities of the firm.They occur as a result of secondary activities.
Answer:
The correct answer is letter "C": high rise window washer.
Explanation:
Compensating wages or compensating wages differentials are incentives given to employees so they can accept undesired or risky jobs. It is one of the most common ways to motivate employees to accomplish tasks regular workers would not be willing to perform.
In that case, <em>high-rise window washers</em> are exposed to elevated distances to perform their duties. They are most likely to receive compensating wages to motivate them to keep doing their jobs even of the height conditions.
Answer:
B) Direct materials are used to determine total inventoriable product costs.
Explanation:
Product costs includes direct materials, direct labor & manufacturing overhead.
This makes Choice B a description of direct materials in a manufacturing setting. All other choices are false.
Their is a chance to use direct labor as a basis for manufacturing overhead but not direct materials.
Direct materials can be separately and conveniently traced.
And finally, as stated above, direct materials are part of the finished product.
Answer:
B. $16.67
Explanation:
The computation of the accrued interest expense is shown below:
= Notes receivable or Principal × rate of interest × number of days ÷ (total number of days in a year)
= $5,000 × 4% × (30 days ÷ 360 days)
= $16.67
We assume there are 360 days in a year
And, the 30 days is calculated from December 1 to December 31
This is the answer and same is not mentioned in the given options
Based on the information given in the paragraph above, the measures that fill in the blanks in order are:
- Coefficient of Variation
- Standard deviation
- Expected return
- Risk
When we have an investment with a higher expected return and a higher standard deviation than another investment, we can then base our decision on the amount of risk that we incur per return of the investment.
This measure is called the coefficient of variation and it is calculated thus:
<em>= Standard deviation / Expected return </em>
This will then show you the risk incurred per unit of return. The investment with the lower coefficient is the better one.
<em>In choosing between two investments, if one has the higher expected return but the other has the lower standard deviation, we use another measure of risk called </em><em><u>Coefficient of Variation. </u></em><em>To obtain this measure we divide the </em><em><u>Standard deviation</u></em><em> by the </em><em><u>Expected return</u></em><em>. This measure shows the amount of </em><em><u>Risk</u></em><em> per unit of return...</em>
<em>Find out more at brainly.com/question/24616534.</em>
