A quarterly income statement is a form that can force an entrepreneur to keep track of the gains and losses from their company over the course of three months. It is also referred to as the profit or loss account.
It is a financial statement that lists both the business's expenses and potential profits. It will include information about your three-month earnings in total. It demonstrates how your revenues can be turned into earnings.
By balancing the accounting books, the quarterly income statement may be calculated. You are required to make this type of statement while taking into account the company's financial stability. A Microsoft Word template or an Excel template is a fantastic place for you to start when preparing an quarterly income statement . You must thoroughly examine your company's performance in corporate finance, and you can only accomplish that by determining your company's income. In addition to a balance sheet, you must calculate your net income and evaluate your earnings.
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Answer: 14.5%
Explanation:
The after tax return is calculated by the formula:
= Before tax return * (1 - federal tax) * (1 - State tax)
As we have the after tax return, we should work on the before tax:
9% = Before tax return * (1 - 34%) * (1 - 6%)
9% = Before tax return * 0.6204
Before tax return = 9% / 0.6204
= 14.5%
Answer:
Product Concept
Explanation:
The one which represent the perception of the consumer or customer of the product as a bundle of the values of symbolic as well as utilitarian values and that satisfy the psychological, functional, social and the other needs and wants of the customer will be referred to as the product concept. And it is basically a blueprint of the idea.
Answer:
If 11 workers can produce a total of 54 units of a product and the 20 worker has a marginal product of six units what is the average product of 12 workers?
11 workers= 54 units
12 workers= ?
12 x 54/11= 59 units
Explanation:
Answer:
The direct labor cost cannot be ascertained from the information given in the question
Explanation:
Direct materials+Direct labor cost= $8300000
In order to determine the labor cost of the $8300000, we need a clue as to the percentage of the labor cost in the total of $8300000 or the portion of $8300000 that belongs to direct materials.
Since such a hint is missing,we can simply guess, costs incurred cannot be shared out on a basis that has no relationship with reality,hence, the correct answer is that the direct labor cost cannot be determined based on details provided.
