An income statement that includes cost of goods sold as another expense and shows only one subtotal for total expenses is a single step income statement.
A financial statement that outlines the company's revenue and outlays is called an income statement. It also displays a company's profitability or loss over a specific time frame. You can better comprehend the financial health of your company by using the income statement, balance sheet, and cash flow statement.
An overview of a company's revenue and expenses is provided by a single-step income statement. This uncomplicated report simply summarizes a company's bottom-line net income, expenses, and revenue.
Learn more about income statement here brainly.com/question/24498019
#SPJ4
<u>Included in the GDP of the U.S</u>:
- Honda assembly and sale of cars in the U.S.
- Old Navy purchases mannequins to display clothes
<u>NOT included in the GDP of the U.S:</u>
- Sales of wheat to Mrs. Baird's Bakery.
- Resale of used textbooks to college students.
- GM's assembly and sale of cars in Mexico.
- Ocean Spray purchases plastic to make bottles.
<u>Explanation</u>:
Gross Domestic Product (GDP) helps in measuring the production of goods and services in the country. The economic growth of the country is estimated by observing the GDP. One way to increase GDP is by increasing the literacy rate of the country.
Based on the given goods, the following can be included in the GDP of United States of America:
Assembly and sale of cars by Honda company in America.
Mannequins are purchased by Old Navy to display clothes.
Here is the answer to your question
Hope it helps!
<span>The total price is $625.
100 - 5 = 95
100 - 2 = 98
100 - 1 = 99
.95 x .98 x .99 = .92169
Net Price = 625 x .92169
Therefore the price with the trade discount is $576.06.
First, you calculate the total discount by multiplying each discount together. After finding the total discount on the order, you multiply that by the total price to get the net price that should be paid.</span>
