Income statement financial statement is prepared last. An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame. You may better comprehend your company's financial situation by comparing the income statement to the balance sheet, cash flow statement, and cash flow forecast.
An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss statement. One of the more crucial financial figures you might examine for a company is the income statement.
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Answer:
Company strengths and weaknesses
Explanation:
SWOT analysis is a strategic technique that help to identify company´s risk or weakness and how to overcome with it´s strength and opportunity. It can be used at any platform. It is useful analysis for future course of action that help the company to grow and prepare itself from any possible threat.
SWOT stands for Stength, Weakness, opportunity and threat.
Answer:
D.) debit Supplies Expense. $5,500; credit Supplies, $5,500
Explanation:
First, let's talk about the amount.
On June 2 they purchased supplies worth $6,500 and recorded it as an ASSET. Debited on "Supplies" Account
Then on June 30, only $1,000 is on hand. That means that $5,500 worth of supplies must have been used (Solved as 6,500 less 1,000)
Now, the entry should reduce the "Supplies" Account since there were only $1,000 left. So it's correct to credit Supplies for $5,500 to reduce $6,500 into $1,000 worth.
The corresponding debit would consequently be "Supplies Expense" since $5,500 worth of supplies was used for the month.
Answer:
(D). Average product must be rising.
Explanation:
Average product is gotten by dividing the total product of a firm, by the labor quantity (such as the number of workers). This gives the average product per worker.
Marginal product shows the change in total productivity caused by an additional unit of labor (such as a newly hired worker).
If the extra productivity brought about by an additional worker (marginal product) is higher than the average productivity per worker in a firm (the average product), then this marginal productivity, when added to the total, will raise the average productivity of the firm.
This explains why "average product must be rising as long as marginal product is greater than it."
Similarly, once marginal productivity drops below average productivity, then average product starts to decline.
Alberto determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target market was the number of times the target was exposed to his message throughout the six weeks of the campaign, representing its "frequency" is represented by this.
<h3>What is the market frequency?</h3>
- The likelihood that a particular consumer will see an advertisement during a marketing campaign is known as frequency.
- A person is more likely to engage with the advertisement in a meaningful way and to interact with your business on a number of different levels if they are exposed to it more frequently.
<h3>What is Marketing?</h3>
- Marketing describes the actions a business does to encourage the purchase or sale of a good or service.
- Advertising, selling, and delivering goods to customers or other firms are all included in marketing.
- Affiliates perform some marketing on behalf of a business.
Learn more about market frequency here:
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