Answer: B.
Explanation: The multi-step income statement is ultimately used in determining Net Income which is calculated by separately determining :
1. Gross profit( Net sales - cost of goods sold)
2. Operating income( Operating expenses - Gross profit)
3. Operating income combined with non - operating revenue, losses, profit and expenses to obtain the net income or loss.
Conclusively, Gross profit(margin) will be calculated separately, which then be used to obtain the operating income.
A. True, Yield to Maturity or called YTM is a measure of your annualized return if a bond, or all the bonds in a fund, are held to maturity.
To get the break-even point, the Total Cost must equal to
the Total Revenue or Profit. The Total Cost is the sum of Fixed Costs and
Incremental Costs. Fixed costs are depreciation, advertising and insurance which
is equal to $5,871 per month. Incremental Costs are weed and feed materials,
direct labor, and fuel which is equal to $32 per lawn. The Marginal Revenue is
equal to $89 per lawn. Letting “N” to be the break-even point in number of
lawns, the break-even equation becomes: $5,871 + $32N = $89N. Then calculating
N, the break-even number of lawns is equal to 103.
Answer:
OPTION A
Explanation:
In economics elasticity refers to the calculation of an empirical parameter's relative shift in reaction to a change in the other. It depicts how difficult it is for both distributor and customer to change their habits and replace another product, the power of an opportunity over options per the relative price of opportunities.
Elasticity could be measured as proportion of variation in magnitude in one parameter to change in magnitude in an other parameter if the latter variable has a substantive effect on the previous. In form of the algebra a more precise description is provided. This is a tool to measure one factor's sensitivity to variations in the other, correlative static.
Answer:
The ending inventory value at cost is ($100,000)
Explanation:
To calculate the cost of ending inventory using the retail inventory method, we need to know:
- The cost-to-retail percentage = COGS/ sales during current year = (sales – net markup)/sales = ($2,500,000-$200,000)/$2,500,000 = 92%
- The cost of goods available for sale= Cost of beginning inventory + Cost of purchases = $200,000 + $2,000,000 = $2,200,000
- The cost of sales during the period = Sales × cost-to-retail percentage = $2,500,000 x 92% = $2,300,000
- The ending inventory = Cost of goods available for sale - Cost of sales during the period = $2,200,000 - $2,300,000 = ($100,000)
