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3 years ago

companies' operating performances can be compared by looking at each firm's EBIT, often referred to as

Business

1 answer:

Andreas93 [3]3 years ago

4 0

Answer:

companies' operating performances can be compared by looking at each firm's EBIT, often referred to as operating income

________________________________

Operating income is the amount of profit after deduction operating expenses such as wages, depreciation, and cost of goods sold. It is essentially revenue minus fixed and variable cost.

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Like a good economist, you calculated the opportunity cost of getting your college degree. suppose that at your university, you

VikaD [51]

Opportunity cost of going to college is actually the salary forgone.
With a yearly salary of $15,000 and a rent of $12000 yearly (parents would not let you live at home), we are left with $15000 - $12000 = $3000 per year
For 4 years, the opportunity cost will be 4 x $3000 = $12000

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3 years ago

Read 2 more answers

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Alina [70]

The first step would be: define the problem that needs to be solved.
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3 years ago

Which aspect of the Omnibus Trade and Competitiveness Act allows a U.S. president the authority to restrict sales of a country’s

Kipish [7]

Answer:

Market Access

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Based on the information provided within the question it can be said that the aspect that is being mentioned is known formally as Market Access. This term refers to the process of making sure that anyone who may benefit has fast and easy access to the brands that are being sold and at the correct price, and that there are no unfair restrictions being imposed.

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4 years ago

Larry is declared mentally incompetent. Beth, Larry’s friend, insists that Larry transfer her considerable assets to Beth "for s

DaniilM [7]

Answer:

Donative intent.

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3 years ago

In its first year of operations, Gomes Company recognized $28,000 in service revenue, $6,000 of which was on account and still o

Mademuasel [1]

Answer:

a. The first year's net earnings under the cash basis of accounting is $7,600 and the first year's net earnings under the basis of accounting is $12,200

b. Accrual basis of accounting provides more useful information.

Explanation:

a. In order to calculate the first year's net earnings under the cash basis of accounting we would have to use the following formula:

Cash basis net earnings = Service revenue (Cash) – Cash expenses – Prepaid expenses

Cash basis net earnings =$22,000 – $12,000 – $2,400

Cash basis net earnings =$7,600

In order to calculate the first year's net earnings under the the basis of accounting we would have to use the following formula:

Accrual basis net earnings = Service revenue – Operating expenses incurred

Accrual basis net earnings= $28,000 – $15,800

Accrual basis net earnings=$12,200

b. Accrual basis of accounting provides more useful information, because in this system revenues are recorded what actually earned and expenses are recorded what actually incurred for earning such revenues. Therefore, it gives better profit picture

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3 years ago