Answer:
Net Income $238,336
Earnings per share 3.82
Explanation:
Preparation of a multiple-step income statement for 2017.
Multiple-step income statement for 2017
Sales Revenue:
Net sales 1,274,000
Less: cost of goods sold (764,400 )
Gross profit sales[A] 509,600
Operating Expenses:
Selling Expenses 63,700
Admin Expenses 47,040
Total Operating Expenses (b) 110,740
Income from Operations (a - c]=c 398,860
Other Revenue and Gains
Dividend Revenue 19,600
Interest Revenue 6,860
Total other revenues and gains(d) 26,460
Other Expenses and Losses :
Write-off of Inventory Due to Obsolescence 78,400
Casualty loss 49,000
Total Other Expenses and Losses(e) 127,400
Income before income tax(c + d -e]=f 297,920
Less: Income tax 20%(g) 59,584
Net Income(f - g) 238,336
(297,920-59,584)
Number of shares outstanding 62,370
Earnings per share 3.82
Therefore the multiple-step income statement for 2017 will be $238,336
er the statute - when a condominium is sold, specific documents must be provided from the seller to the buyer. the re-seller must provide the buyer with 7 different required documents. which of the following is not one of those 7 documents?
Board of Directors contact information is not one of those 7 documents under the condominium.
A condominium, also referred to as a "condo," is a substantial building complex made up of individual, independently owned apartments. Ownership typically involves a nonexclusive interest in a specific piece of "common property" that is managed by the condominium. In a condominium, routine maintenance of the complex, such as lawn care and snow removal, is often managed by a board of unit owners.
Ownership of a place inside a building with multiple units is one method to define a condo. The condo owner is not the owner of the four walls enclosing their unit from other units or the common areas of the building, as mentioned in this description. The floor, exterior areas, stairwells, and walkways are all regarded as belonging to the common ownership.
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2what makes person different
People differ from one other in a variety of ways depending on their personality traits, preferences, and life experiences. Finding out about other people's uniqueness and picking up on new viewpoints and civilizations is what makes life interesting.
What are some examples of personality traits?The defining characteristics of people's ideas, feelings, and behaviors are reflected in their personality traits. A person who scores highly on a certain personality trait, such as Extraversion, is likely to be sociable in a variety of contexts and throughout the course of time. Personality traits imply consistency and stability. For instance, we might use adjectives like responsible, imaginative, emotive, or extroverted to describe someone. Today, we consider these descriptors to be illustrations of personality qualities.
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In general, command and mixed economies failed to deliver the kind of sustained economic performance that was achieved by countries adopting _________-based systems.
Market-based systems is the correct answer. In general, command and mixed economies failed to deliver the kind of sustained economic performance that was achieved by countries adopting Market based systems.
Market-based systems are systems in which prices are determined by the forces of supply and demand, rather than by government regulations or subsidies.
They provide incentives for production and investment, and create an efficient allocation of resources. This helps to create economic growth and development. Additionally, market-based systems allow for competition, which leads to better quality, lower prices, and greater innovation. This helps to drive economic growth, as well as increased living standards, as more people are able to access goods and services at a lower cost.
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According to the law of supply, when prices increase, the quantity that supplies create blank?
Increases
When prices increase, suppliers tend to increase the quantity supplied in order to maximize profits. This is because suppliers can receive more money for each additional product produced. As a result, an increase in price leads to an increase in the quantity supplied.
FILL IN THE BLANK fill in the blank question. carol co. prepares a statement of cash flows starting with net income and then adjusting for items that do not affect cash. carol co. is using the_______ method of reporting the statement of cash flows.
The method is indirect method.
Carol co. prepares a statement of cash flows starting with net income and then adjusting for items that do not affect cash. carol co. is using indirect method of reporting the statement of cash flows.
The cash flow statement is a type of financial statement used in financial accounting that shows how changes in income and balance sheet accounts effect cash and cash equivalents. It also provides a breakdown of operating, financing, and investing activities.
Direct or indirect procedures might be used to report a cash flow statement.
The indirect approach can be thought of as a way that presents the cash flow statement via strategizing.
Cash flow from operational operations is determined by net income, net loss, and any subsequent additions to, or reductions of, the amount for non-cash revenue and expense components.
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Carol Company creates a cash flow statement by beginning with net income and then correcting for non-monetary items. Carol Company reports the statement of cash flows in an indirect method of reporting the statement of cash flows.
A cash flow is defined as a physical or virtual movement of money. It is in its narrowest definition a payment, particularly from one central bank account to another; the word 'cash flow' is most commonly used to indicate.
The amount of money a firm earns through continuing, regular business operations such as manufacturing and selling things or providing a service to clients is referred to as cash flow from operational activities (CFO).
Cash waft refers back to the internet stability of coins stepping into and out of a commercial enterprise at a selected factor in time. coins are constantly moving into and out of an enterprise. as an instance, when a retailer purchases stock, cash flows out of the commercial enterprise toward its suppliers.
The purpose of a cash glide declaration is to offer an in-depth photo of what occurred to a business's cash all through a targeted period, known as the accounting duration. It demonstrates an enterprise's capacity to function within the short and long time, based on how lots of cash is flowing into and out of the commercial enterprise.
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On a balance sheet, is (are) reported with fixed assets. Multiple Choice a. intangible assets b. accounts payable c. preferred stock d. inventory e. accounts receivable
On a balance sheet, the reported with fixed assets that is the intangible assets. The correct option is A.
The intangible assets are the assets which is defined as the assets that has no physical form. The intangible assets are the long term assets which has accrues the value in the long period of time or year over year.
The fixed assets are those assets that has to be purchased for the long term use and these assets are rarely converted into the cash for example land, building and any other physical form equipment.
In the balance sheet, the sheet which consist of the assets, liabilities and any other form of account or financial statement record like in the business of the capital, balance of income and expenditure.
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When the Condominium Association and Condominium Unit-Owners forms both apply to a loss:
The Association policy is primary and the Unit-Owners form is excess when both the Condominium Association and Condominium Unit-Owners forms apply to a loss.
Simply described, a condominium association is a collection of property owners that work together to uphold neighbourhood norms and property values. A mandatory association membership fee must be paid in order to purchase a unit in the development. The covenants, conditions, and restrictions (CC&Rs) of the community must be adhered to, and the fees specified in those agreements must be paid by homeowners who hold this membership. You can join a condominium association, much like a club. You make a commitment to follow the set rules and regulations when you buy a condominium. Each unit owner in a condominium, which is frequently associated housing, also owns a share of the neighbouring privately owned property.
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Fill in the blank: _____ measures customer engagement with marketing content across channels to understand what is motivating customers to take action. A.Data-driven attributionB.Data attributionC.Linear attributionD.First-click attribution
A. Data-driven attribution measures customer engagement with marketing content across channels to understand what is motivating customers to take action.
What is the purpose of data-driven attribution and how does it help businesses improve their marketing strategies?The purpose of data-driven attribution is to measure and analyze the effectiveness of different marketing channels by analyzing customer engagement data. It helps businesses understand which channels are most effective at driving conversions, and make data-driven decisions about how to optimize their marketing efforts in order to improve their overall marketing strategies.
Data-driven attribution measures customer engagement with marketing content across channels to understand what is motivating customers to take action. It uses data, such as website and social media interactions, to identify which marketing channels are most effective at driving conversions, and then allocates credit for those conversions to the appropriate channels. This helps businesses understand how their customers are interacting with their content and make data-driven decisions about how to optimize their marketing efforts.
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Each exhibit requires the following units of land (20 acres included in total). Choose from the following and fill in the grid provided.
Elephants - 3 acres
Lions - 1 acre
Polar bears -1 7 acres
Tigers - 1 acre
Giraffes - 2 acre
Ostriches - ½ acre
Zebras - 1 acre
Llamas - 1 acre
Kangaroos - ½ acre
Petting Z00 - ½ acre
Gift shop - 44 acre
Jaguar - ½ acre
Insect exhibit - ¼ acre
Howler monkeys - ½ acre
Grizzly bears - 1 ½ acres
Reptile house - 1 acre
Orangutans - 1 acre
Hippos - 7 acre
Playground - ¼ acre
Gorillas - 2 acres
White rhinos = 1 acre
Lake with waterfowl and flamingos - 3 acres
Picnic area - 1 acre
Wolves - 2 acres
Restaurant- ½ acre
Climbing wall - ½ acre
The amount of acres needed by only one of the species is listed underneath each animal. For instance, two hectares of land are needed for one lion.
What makes an ostrich weak?However, the bird has one flaw that can overwhelm all of its advantages. It believes that if you can't see it, you can't see it, either. The ostrich responds to instructors at an emu farm as if they were carnivores when they approach the bird. It attempts to flee, but it can't because it is confined.
Do ostriches possess intelligence?Although they lack intelligence, they have the biggest eye of any bird and can see up to 2.2 miles away (3.5 km). The best meat you can consume is ostrich meat, which is red meat like beef.
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Which is the purpose of the domain name?
Answer:
The domain name system (i.e., “DNS”) is responsible for translating domain names into a specific IP address so that the initiating client can load the requested Internet resources. The domain name system works much like a phone book where users can search for a requested person and retrieve their phone number.
tyler is a team member in corporate finance at a digital-content production company. he is required to forecast the free cash flows that the company will be able to generate in the next three years. tyler takes into account only the following equation in his calculation:
Tyler is a team member in corporate finance at a digital-content production company are the no, he's the calculation is not an appropriate estimate of the FCF.
What is finance?The term finance refers to borrowing money to go through tough times, saving money, and investing money. Finance is the provision of funds for credit against anything. Finance are they mostly used the businesses. Types of finance are personal, public, and business finance is the three different categories.
According to the case was if there are no calculation was the based on no calculation is not an appropriate estimate of the FCF. There was the calculation fails to include both the working capital and capital expenditures are the company's finance.
As a result, the team member in corporate finance was not to the necessary of the appropriate estimate of the FCF.
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If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 units, then the value of price elasticity of demand is
a. suggestive of an inferior good
b. inelastic
c. equal to -20
d. unit elastic e.elastic
salary expense totals $45,000 per year. dazzling dogs pays its groomers $10 per dog groomed. elegant dogs lures 2,000 customers from dazzling dogs by lowering its grooming price to $25. dazzling dogs maintains its $35 price. which of the following is true?
Salary expense totals $45,000 per year. dazzling dogs pays its groomers $10 per dog groomed will be " Dazzling Dogs' profits will decrease by more than Elegant Dogs' profits will increase.
The correct answer will be option (b).
A salary would be a type of periodic payment made by an employer to an employee, as specified inside of an employment contract. It stands in contrast to piece wages, which pay each job, hour, and perhaps other unit separately instead of on a regular basis.
The decrease in salary expense will be $20,000, since the groomers would have been paid
$10 for 2,000 dog grooms (totaling $20,000).
Thus, Dazzling Dogs' total salary expense will be
$45,000 - $20,000 = $25,000 per year.
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The question is incomplete, the complete question is:
"Elegant Dogs and Dazzling Dogs are competing canine grooming salons. Each company currently serves 4,500 customers per year. Both companies charge $35 to groom a dog. Elegant Dogs pays its dog groomers fixed salaries. Salary expense totals $45,000 per year. Dazzling Dogs pays its groomers $10 per dog groomed. Elegant Dogs lures 2,000 customers from Dazzling Dogs by lowering its grooming price to $25. Dazzling Dogs maintains its $35 price. Which of the following is true?
a)Profits at both companies will decrease.
b)Dazzling Dogs' profits will decrease by more than Elegant Dogs' profits will increase.
c)Dazzling Dogs will suffer a net loss.
d)Elegant Dogs' profits will increase by more than Dazzling Dogs' profits will decrease."
Which capitalization error do you feel is most difficult to identify? Why?
A Capitalization Errors, which is most difficult to identify is with Letter "I" because of the similarity between the Upper and lower case.
What are Capitalization Errors in English?Capitalization errors occur when a writer capitalizes a word that does not require a capital letter or fails to capitalize a word that does. Capitalization errors detract from the reader's experience and should be avoided at all costs.
Capitalization errors always look unprofessional and can affect a grade on a student assignment. However, a capitalization errors are easily avoided.
Example of a sentence with capitalization errors:
i was born in cincinnati, ohio, in september.Here, the sentence has four words that require capitalization (I, Cincinnati, Ohio, and September.)
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A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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Question 1 out of 10
Which exterior feature is specific to bronco Heritage and Heritage Limited?
Mud/Ruts and rock crawling are two additional modes that are included in the Heritage Limited. In addition, it has exclusive leather upholstery inside and all-terrain tires measuring 29 inches.
White 17-inch wheels and a contrast white roof are two distinctive exterior styling touches.
Are the interiors of Heritage and Heritage Limited distinctive?The Heritage Limited model has 29-inch all-terrain tires and the metallic "Bronco" on the fenders. Leather seats, Oxford White-painted door components, and the emblem on the center console make up the interior. The Big Bend trim is also used to construct this one.
What distinguishes Bronco?The fact that the new Bronco is a one-of-a-kind vehicle is one reason why it is so popular. The Bronco offers a manual transmission as an option in an age when manual transmissions are being phased out. The off-road roots of the Bronco are also not forgotten. Any trim level can include the Sasquatch package, which focuses on off-roading.
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suppose you are a us importer of gypsum from canada. you have a contract with a us firm to sell them 10 tons of gypsum 30 days from now. you want to use the forward market to avoid exchange rate risk and guarantee yourself a profit. the canadian dollar (cd) price of
The forward market in order to avoid exchange rate risk tend to guarantee a profit. The price of gypsum in the Canadian dollar = 5000 per ton forward rate is 1.25 CD/$.
In order to calculate your profit, first determine the cost of 10 tons of gypsum in US dollars. Multiply the cost per ton in Canadian dollars by 10 tons and multiply this by the 30-day forward rate of 1.25 CD/$. Thus, in the forward market in order to avoid exchange rate risk.
This gives a total cost of $62,500 for 10 tons of gypsum. Your profit per ton, in terms of US dollars, is then found by subtracting the total cost from the total revenue, which is $45,000 for 10 tons. This gives a profit of $3,500 per ton in US dollars.
The given question is incomplete, so the complete question is given here-
Suppose you are a US importer who is of gypsum from Canada. You tend to have a contract with a US firm in order to sell them 10 tons of gypsum. You want to use the forward market to avoid exchange rate risk and guarantee yourself a profit.The 30 day forward rate is 1.25 CD/$ and the contract with the US firm is that you are selling the gypsum is for $ 4500 per ton. Then calculate your profit, per ton, which is in terms of US dollars.
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The primary election system of selecting presidential candidates has had which of the following effects?
A.) It has increased the importance of state party organizations.
B.) It has loosened the hold of party leaders over the nomination process.
C.) It has reduced the role of citizens in the candidate selection process.
D.) It has lowered the cost of running for office.
E.) It has led to a decline in the importance of party voter-registration drives.
B.) It has loosened the hold of party leaders over the nomination process is the correct answer.The primary election system of selecting presidential candidates has had loosened the hold of party leaders over the nomination process .
The primary election system, in which citizens vote in state-level elections to select a party's presidential nominee, has decentralized the nomination process and given more power to the general electorate. This has led to an increase in the number of candidates and a loosening of the control of party leaders over the selection of nominees. The other options listed (A, C, D, E) are not direct effect of primary election system, although some of these options may be related to it.
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Household income for purpose of the premium tax credit includes all of the following except: a. Any tax-exempt income b. AGI of the taxpayer's dependents if required to file a return c. Nontaxable Social Security benefits d. AGI of the taxpayer e. All of these choices are included in household income.
Household income for purpose of the premium tax credit includes all of these choices are included in household income.
Option E is correct.
What are benefits and tax credits?Tax credits are generally considered a benefit, but unlike other social security benefits, they are calculated as an annual amount and can be paid weekly or monthly during the tax year (from April 6th to April 5th of the next year). Paid in monthly installments.
What are the 3 types of tax credits?There are three basic types of tax credits, he follows. Non-refundable, refundable, partially refundable. A non-refundable tax credit can reduce the tax payable to zero, but does not provide a refund. Refundable credits will be paid in full and any remaining tax credits above the zero tax amount will be refunded.
What is a tax credit?A refundable tax credit is a credit you receive without paying income tax.
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ordering question click and drag on elements in order rank the order in which members of a corporation are chosen in order to separate ownership from management. start at the top of the managerial hierarchy. (fig. 5.4)
What is manegerial hierarchy?
A management hierarchy is a form of organizational leadership in which employees follow the orders of their superiors and authority is distributed based on rank. Depending on the firm and the business, its structure may change.
Entry-level personnel are typically at the bottom of management hierarchies, followed by managers, and then executives. Pay, responsibility, role, and power can all be divided down into different management hierarchies.
The majority of management hierarchies can be further divided into three tiers of management.
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Which of the following market structures would you expect to yield the greatest product variety? A. Monopoly B. Monopolistic competition C. Bertrand oligopoly D. Perfect competition
You could anticipate that markets with monopolistic competition would produce the widest range of products.
Monopolistic competition: what is it?Monopolistic competition occurs when numerous companies offer comparable but subpar alternatives to each other's goods or services.
The barriers to entry are low in monopolistic competitive industries, and decisions made by one firm do not immediately affect those of its competitors. Competitor companies differentiate themselves from one another through their pricing and marketing strategies.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings.
In monopolistic competition, numerous businesses can enter the market and fight with one another for market share. This prevents one company from controlling the entire industry. Companies don't have to think about how their choices will affect rivals, allowing them to operate without worrying about intensifying rivalry.
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Table 1.1 below shows the income elasticity of demand and cross elasticity of demand. Given that product, Y, is an inferior good with no close substitutes. It is a compliment to Z. Which best describes Y? Table 1.1 Income elasticity of demand Cross elasticity of demand with products A negative positive B positive negative C negative negative D positive positive
Option (b) is correct.
What is cross elasticity of demand?
How responsively people buy more of one commodity when the price of another product rises is measured by an economic concept called the cross elasticity of demand. Divide the percentage change in the quantity demanded of one item by the percentage change in its price to arrive at this figure, also known as cross-price elasticity of demand.
How responsively people buy more of one commodity when the price of another product rises is measured by an economic concept called the cross elasticity of demand.
The cross elasticity of demand for replacement goods is always positive since demand for one thing increases as the price of the substitute good rises.
The cross-elasticity of demand for complementary goods is negative.
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Which would be least likely to cause the production possibilities curve to shift to the right?
a. An increase in the labor force
b. Improved methods of production
c. An increase in the education and training of the labor force
d. A decrease in unemployment
The correct option is A. Just because unemployment has fallen, new and/or better resources have not been added to the economy.
The required details for Resources in given paragraph
Resources refer to all materials available in our environment that are technologically available, economically feasible, and culturally sustainable and help us to satisfy our needs and desires. Resources can be broadly classified according to their availability, broken down into renewable and non-renewable resources. They can also be classified as current and potential according to their degree of development and exploitation, as biotic and abiotic according to their origin, and as ubiquitous and localized according to their distribution. The article will become a resource over time and as technology advances. The benefits of using resources can include increasing wealth, keeping the system functioning properly, or improving well-being. From a human perspective, a natural resource is anything that is extracted from the environment to meet human needs and desires.
The resource concept was developed in in many recognized fields of work in economics, biology, and ecology. , for example information technology, management and human resources - related to the concepts of competition, sustainability, protection and management.
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Which of the following is true statement about the domestic production activities deduction? A) This deduction is determined by the amount of goods manufactured in the united state for export abroad B) this deduction is calculated as a percentage of the cost of goods manufactured in the United States C) this deduction represents a subsidy to taxpayer who manufacture or construct goods in the United States D) the domestic production activities deduction is not affected by the cost of labor E) all of the choices are true
The domestic production activities deduction is this deduction represents a subsidy to taxpayer who manufacture or construct goods in the United States. Option C is correct.
The term “domestic manufacturing” permeates a wide range of companies. The IRS has determined that companies eligible for the deduction must do work in one of the following categories: Construction was done in the USA. Electricity, drinking water, or natural gas from the US.
Why Domestic Production Matters?GDP is significant because it gives information on the size and health of the economy. Real Gdp is frequently used as a measure of the state of the economy as a whole. Real GDP growth is typically seen as a positive indicator of an expanding economy.
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Which report indicates when QuickBooks Online users signed in and out?
Dashboard
Client overview
Audit log
Business snapshot
Audit trail
QuickBooks Online (QBO) still have the Audit Log feature where you can view user's activity as well as their logged in and logged out time.
What does it mean to be under audit?A tax audit by the IRS verifies that you are properly reporting income and expenses and that you are abiding by the law. In other words, the IRS is simply verifying your figures to ensure that there are no inconsistencies in your return. Also conducting audits on occasion are state tax officials.
What is the goal of conducting audits?An audit's objective is to convey a conclusion regarding whether or not the financial statements are fairly presented in accordance with suitable accounting rules.
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Comparing the benefits and costs of engaging in an activity.
Comparing the benefits and costs of engaging in an activity involves Rational decision-making.
What is the importance of cost-benefit analysis?An individual or organization can use cost-benefit analysis to analyze a choice or proposed project without prejudice. As such, it provides an unbiased and evidence-based assessment of your alternatives, which may assist your company in becoming more data-driven and rational.
Comparing the costs and advantages of that incremental adjustment is part of rational decision-making. The marginal costs are the additional expenses of engaging in a certain activity. The marginal benefits are the additional rewards of participating in that activity.
Therefore, it can be concluded that comparing the advantages and disadvantages of participating in an activity necessitates rational decision-making.
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Explain how to identify in real time the response and interaction of the advertiser to the electronic advertisement.
Direct response marketing aims to get a quick reaction from potential customers by persuading them to do something.
How would you define marketing?The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, or society at large collectively is known as marketing.
What are several sorts of marketing?The two methods of marketing are online and offline. The distinction between the two is that whereas the former uses the internet to reach its desired audience, the latter relies upon print, radio, television, & word-of-mouth. A brand has the option of using both of these or one of these.
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one way to improve productivity is by , which gives employees the range of skills they need to perform different tasks.
One way to improve productivity is by "Cross-training" , which gives employees the range of skills they need to perform different tasks.
The Cross-training is the skills or training which teaches in the job that how to perform the role in order to become the good employee and performed the role as a professional.
The time management is the skill which comes in the soft skill category. Time management is the management of priority tasks according to the requirement time to complete them.
This skills help the employee to improve the productivity. To improve productivity is by time management, which gives employees the range of skills they need to perform different tasks.
The question is incomplete, the complete question is here:
One way to improve productivity is by , which gives employees the range of skills they need to perform different tasks.
a. Innovation.
b. Cross-training.
c. Management.
d. Creativity.
The correct option is B.
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An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission period what is the total amount of money received by the investor? Hint: The answer isn’t $5257.
a. $5243
b. $5250
c. $5520
Please answer it correctly.
What is the underlying problem in this case from Edward Lampert’s perspective?
The underlying problem in this case from Edward Lampert’s perspective In this case, as suggested by Edward Lampert, the biggest concern was the decline in advertisement and usage and the increase in e-commerce. Rivals could not take note of the secret concern.
What is an advertisement?Advertising, sometimes referred to as an advert or ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some others consider the concept to be far broader than that, including any sort of sponsored advertisement intended to inform or influence
Edward Lampert's perspective underlying problem, The decline in advertisement and the usage of the increase in e-commerce. Reveals a note of the secret concern.
Therefore, The case from Edward Lampert's perspective. The decline in advertisement and usage in e-commerce is there.
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