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Vikentia [17]
3 years ago
14

Which of the following financial statements is also called a profit and loss statement?

Business
1 answer:
Ne4ueva [31]3 years ago
5 0

Answer:

Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on the company's revenues and expenses during a particular period.

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Ormand Company uses variable costing for internal decision-making purposes and has the following information for June: Sales $90
Slav-nsk [51]

Answer:

The manufacturing margin is $460000

Explanation:

Margin is the difference between a company revenue (sales) and the cost of manufacturing. Manufacturing margin is the profit a manufacturer gets from sales of goods or services. Fixed manufacturing costs, variable selling and administrative expenses and Fixed selling and administrative expenses are not used when calculating the manufacturing margin.

Manufacturing margin = Sales - Variable costs of goods sold = $900000 - $440000 = $460000

The manufacturing margin is $460000

3 0
4 years ago
How does an investor receive a return from a zero or very low coupon​ bond? ​(Select the best choice​ below.)
Veronika [31]

Answer:

A. From the appreciation of the bonds

Explanation:

Zero or very low coupon bond do not pay much (coupon) in their life (so C eliminated). They are sold at a deep discount to investor. As time pass, the value of the bond usually increases to approach face value (hence A).

Normally investor still have to pay for the imputed ("phantom") interest that comes from their real return (B eliminated)

If interest rate increases, the bond will decreases in value to create the required return the new buyer when they eventually sell it (D eliminated)

6 0
3 years ago
The __________ occurs when members of functional units stay focused on matters internal to the function and minimize their inter
Salsk061 [2.6K]

Answer:

A

Explanation:

4 0
3 years ago
A business firm will purchase additional capital goods if the real rate of interest in the economy is less than the expected rat
Alchen [17]

Answer:

True

Explanation:

The real rate of interest = Nominal rate - Inflation.

Since the actual market rate is real rate at which the goods can be borrowed or purchased, if the expected return on assets is higher than that of the real rate the capital assets shall be brought as, in this case the revenue will be higher than the normal rate, because revenue = Expected rate of return

Real rate = Cost of borrowing and acquiring

thus there will be profit.

The statement is True

6 0
4 years ago
When researching and planning for your future career, you should consider these things about yourself?
mario62 [17]
Answer: your personality
I hope this helps u
7 0
3 years ago
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