Because there is less abortion
Answer:
Sales Revenue 549,500
<em><u>Less</u></em> Cost of goods sold (325,600)
Gross Profit 221,900
<em><u>Less</u></em> Expenses
Salaries and wages expense (120,500)<em> </em>
Other operating expenses (11,970)
Income tax expense (29,130) (161600)
Net Income 60300
Explanation:
A single-step income statement
Does not give distinction to Operating Incomes and expenses and Non-operating Income and expenses. All expenses are deducted in the same category.
Unrealized gain on value of patents
Patents are Intangible Assets. The gain in Patents Is Adjasted in Income statement subject to previous revaluations if Fair Value Model was elected by Ivnhoe Co for its subsequent measurement of Intangible assets
Increase in value of company reputation
Company Reputation is a special Intangible Asset called Goodwill. The gain in Goodwill. Goodwill is Internally generated. Not Recognised in Ivanhoe Co unless if it is purchased.
Answer: Which of the following would not be included in operating assets in return on investment calculations? D) Factory building rented to (and occupied by) another company
Explanation: Operating assets are assets that are used to conduct ongoing business operations. However, if they are going to yield a return on investment, it would not be counted in their operating assets due to renting the building to another company.
Answer:
Explanation:
The appropriate description for this would be that A franchisee focuses on making a franchisor’s product using the franchisor's manufacturing method or recipe. This is because the processing plant does not focus on selling the product instead their sole responsibility is creating the franchisor's product using their exact instructions in order to replicate their product for another company to sell.
