FICO is a credit score. True False

The following information is available for Splish Brothers Corp. for the year ended December 31, 2022. Other revenues and gains

Readme [11.4K]

Answer:

Net Income 195,300

Explanation:

The question is to prepare a multi-step income statement

Splish Brothres Corp

Income Statement for the year ended December 31, 2022

Particulars/Description Amount ($) Amount ($)

Sales Calculation

Sales Revenue 747,000

Subtract:

Sales Returns 9,000

Sales discounts 3,200 (12,200)

Net Sales 734,800

Cost of Goods sold (283,000)

Gross Profit 451,800

Operating Expenses (210,000)

Operational Income 241,800

Other gains and revenue 21,800

Other Expenses and losses (3,200) 18,600

Income before Income Taxes 260,400

Income tax expense (25% x 260,400) (65,100)

Net Income 195,300

4 0

3 years ago

How might the inability to provide fringe benefits affect a sole proprietors ability to run a business

Reika [66]

The inability of sole proprietors to provide fringe benefits to their employees can affect the service rendered to customers. Without fringe benefits, the employer will not be able to attract quality applicants for his business. He may have to settle for less qualified staff who may not be able to provide clients with excellent service.

4 0

3 years ago

A description of how the business will generate revenue is always included in a:

GarryVolchara [31]

Answer: business plan

Explanation:

Stock dividend, is a method used to distribute wealth to its shareholders by a company.

A stock certificate is a legal document which implies that the owner has some number of stocks or shares in a corporation.

Business loan agreement is simply an understanding that takes place between a business and a lender which contains the promises made by both parties regarding giving the money by the lender and the repayment plan by the borrower.

A business plan is a document that simply describes a business and, its products or services, its financing, leadership and staffing, its operations model, etc.

6 0

3 years ago

After managers have chosen an appropriate market for exporting, the next step is to ________. engage appropriate international t

Darina [25.2K]

The next step is to decide about the resources to be committed.

8 0

3 years ago

The strength of a cluster can be measured by comparing the average distance in a cluster to the distance between cluster centroi

swat32

Answer:

The options for this question are the following:

a. 1

b. 2

c. 0.5

d. 1.5

The correct answer is a. 1 .

Explanation:

Group analysis or grouping is the task of grouping a set of objects in such a way that the members of the same group (called a cluster) are more similar, in some sense or another. It is the main task of exploratory data mining and is a common technique in the analysis of statistical data. It is also used in multiple fields such as machine learning, pattern recognition, image analysis, information search and retrieval, bioinformatics, data compression and graphic computing.

Group analysis is not in itself a specific algorithm, but the task pending solution. Clustering can be done using several algorithms that differ significantly in your idea of what constitutes a group and how to find them efficiently. Classical group ideas include small distances between members of the group, dense areas of the data space, intervals or particular statistical distributions. Clustering, therefore, can be formulated as a multi-objective optimization problem. The appropriate algorithm and the values of the parameters (including values such as the distance function to use, a density threshold or the number of expected groups) depend on the set of data analyzed and the use that will be given to the results. Grouping as such is not an automatic task, but an iterative process of data mining or interactive multi-objective optimization that involves trial and failure. It will often be necessary to pre-process the data and adjust the model parameters until the result has the desired properties.

7 0

3 years ago