How do managers use information obtained in the income statement

Answers

Answer 1

Answer: The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported It then calculates operating expenses and, when deducted from the gross profit, yields income from operations.

Explanation:


Related Questions

why will the coefficient for the price elasticity of demand always be a negative number?

Answers

The coefficient for the price elasticity of demand is normally negative because the demand curve is downward sloping.

Price elasticity of demand:

Shows how quantity demanded changes as a result of a change in price Is calculated by dividing the change in quantity demanded by the change in price

For normal goods, an increase in price leads to a decrease in quantity demanded. This is why the demand curve is downward sloping. If price goes up, quantity demanded will go down.

This change in quantity demanded will be shown as a negative number which means that when it is divided by the change in price, the price elasticity coefficient will be negative.

In conclusion, the price elasticity coefficient is usually negative because the demand is negative when prices increase.

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Which customers are typical for the Agriculture, Food, and Natural Resources career cluster? SELECT FOUR OPTIONS!!!!
A) a power company needing solar panels
B) a local fresh market
C) a business working with trained animals
D) a person buying large quanities of wheat
E) a person learning about geography
F) a family on a camping trip

PLEASE HELP ITS WORTH 50 POINTS!!!!!

Answers

Answer:bcde

Explanation: kids cant work so not f and solar panels have nothing to do with the farmers so not a

The customers that are typical for the Agriculture, Food, and Natural Resources career cluster are a local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip. Thus option (B), (C), (D) and (F) are correct.

Who are customers?

Customers are individuals or organizations who purchase goods or services from a seller or provider. They are the people or entities who pay for and use the products or services that a business offers.

The relationship between a business and its customers is a crucial aspect of its success, as satisfied customers are more likely to return for future purchases and recommend the business to others.

A local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip are the customers are typical for the Agriculture, Food, and Natural Resources career cluster. Therefore, option (B), (C), (D) and (F) are correct.

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What is missing from this goal that is preventing it from being a SMART goal?
Goal: I want to be successful right after high school by getting a job.
This goal is NOT
O Specific
0 Measurable
O Attainable
O Relevant
O Timely

Answers

Timely, you can’t get a successful job that quick right after highschool

how does selling shares on the stock exchange benefit companies?

Answers

Answer:

to raise revenues

Explanation:

hope i helped

On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:

a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.

Answers

I think that its either A or C

an uber ride is considered a ________ because of its intangible nature.

Answers

Answer: Service

Explanation: It is intangible and it is offered to you and performed by someone elese

terin, the chief human resources officer for a major financial services company, has met with each of her employees to set their objectives. now, terin expects the employees to:

Answers

Given that Terin's employees have set their objectives in the company, the next thing that Terin expects from these employees would be to develop action plans.

Option D is the correct answer to this question. The action plans are sets of strategies that the employees have laid out that would help them to achieve their goals and objectives.

In order to do this, they have to make up lists of the things that they want to achieve in the firm and also list the strategies that they would employee to achieve them.

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Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?

Answers

A possible explanation for the disappearance of vocations in the past decade is advancement in technology.

With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.

 Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.

Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.

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Answer:

The low cost of foreign goods could cause manufacturing to be done overseas

what reflects the perceived quality of a company’s goods and services in the eyes of the public?

Answers

The company's reputation reflects the perceived quality of its goods and services.

A company's reputation will always show the perceived quality of its goods & services as well as prominence of the brand in the minds of the public.

A brand reputation is one of the most important intangible asset of a company because its gives rise to the tangible asset which means higher sales and increased profits.

In conclusion, brand reputation was gained through customers trust & loyalty from the company's consistent service.

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Baby you’re too controllin’
Ima feed you too the wolves when
You get nasty, back at me
But baby don’t distract me
I’m a goner, I lost her
Like why the hell yhu wanna play me that way
You’re bad babe, You double-faced enternare
LiFe GoEs On AnD oN aNd On AnD oN AnD oN aNd

Answers

Tharpist can help you.

Explanation:

They specialize in mental health and illness care and treatment.

Manufactured truck parts are part of which industry
A. Eloctronics
B. Chemicals
C.machinery
D.transportation equipment

Answers

Answer:

c

Explanation:

Answer:

c

Explanation:

Advertising plans include: (select 3 that apply)
HELP ASAPSelect 3 correct answer(s)
developing a marketing strategy
evaluating the results of the advertising
determining the target market
setting an advertising budget
o discrediting the competition

Answers

Advertising plans include defining the target market, setting an advertising budget, and evaluating advertising results.

An advertising plan can be defined as a strategy used by companies to:

attract and retain consumers.

For this, it is necessary for the organization to define its target market, the necessary budget and the communication channels where its advertising will be shown.

It is also essential to monitor and evaluate advertising results to understand how advertising has impacted audiences and achieved expected results.

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Answer:B,C,D

Explanation:

order these ideologies from those that call for the least amount of government involvement in the economy and society to those that call for the greatest amount of government involvement.

Answers

Placing different ideologies from those that support the least amount of government involvement in the economy and society to those that support the greatest amount of government involvement, we have Libertarian, Conservative, followed by Liberal, then finally Socialist.

This is because Libertarian is an ideology that is known for drastic laissez-faire political doctrine. They seek little government interference in every aspect of society.

Conservative is an ideology known for supporting sovereignty over equality. They support capitalism with no government interest in issues relating to business and social welfare policies.

Liberal this an ideology known for advocating for government involvement in education, labor, and social programs. They believe in greater equality of society and are more tolerant of others.

Socialism is an ideology known for supporting the idea of government owning and controlling everything in society, including economic and social issues. They prefer equality over freedom.

Hence, in this case, it is concluded that Libertarian ideology least wants government involvement in the society. At the same time, Socialism is the ideology that mostly wants government involvement in society.

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what is enterprenuship

Answers

Answer:

Entrepreneurship is the creation or extraction of value.

Explanation:

generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

Answer:

the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

the ________ model assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.

Answers

Considering the definition above, the model that assumes managers will make logical decisions in the firm's best interest is the Classical Model.

This is because the Classical Model, otherwise known as the rational model of decision making, is a type of decision-making model that assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.

The classical model of decision usually involves four major steps, which are:

Identifying the problem or opportunityComing up with alternative solutionsAssessing options & select a solutionExecuting and assessing the impact of the solution carried out.

Hence, in this case, it is concluded that the correct answer to the question is the Classical Model of decision making.

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An accountant passed the closing entries of the expenses and then closed all the expense accounts by crediting them. Which account should she debit to complete the dual aspect of the journal entry?
A.
income account
B.
income summary account
C.
revenue account
D.
purchase account
E.
equity account

Answers

Answer: Income Account

Explanation:

Also referred and Income Statement.

Answer:

Income summary account

Explanation:

milena, the vice president of human resources, is working on the problem of restructuring the firm’s compensation plan by using the rational model of decision making. in the first step, she identified the problem of pay and incentives not keeping up with market rates. in the second, step she thought of alternative solutions; and, in the third step, she evaluated alternatives and selected a solution. in the fourth and final, step milena needs to:

Answers

If Milena is using the rational model of decision making, in the fourth and the final step what she has to do is to implement and evaluate the compensation plan chosen.

The rational decision making model can be described as a multiple way of making decisions whereby a choice has to be picked from different choices.

In this last step he has to be analytical, logical and also objective. The best method that she has chosen has to be implemented here. Also she has to carry out an evaluation of her result here too.

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which government branch creates the federal tax law

Answers

The answer is Congress :)

The government branch that create the federal tax law is : Congress.

What is a congress?

Congress refers to the legislative arm of the federal government that represents the American people and also make the nation's laws. Congress shares power with the executive branch, led by the president, and the judicial branch.

A congress would have the following:

Very strong powers, which will enable it to execute its policies without hindrances.A good representation and understanding of the general opinion to be able to execulte the policies that people will actually want.A good understanding of the effects and consequences of the policies it executes

Hence, the government branch that create the federal tax law is Congress.

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the contribution margin income statement allows users to easily judge the impact of a change in ______ on profit.

Answers

The blank space has been correctly filled below:

The contribution margin income statement allows users to easily judge the impact of a change in selling price, cost, or volume on profit.

The contribution margin income statement is an evaluation of a former sales period. Entrepreneurs use this procedure to determine whether they made a profit or loss during the period.

After their evaluation, they realize the operating income or net income. The contribution margin is generated using this formula,

Net product revenue - Total variable cost ÷ product revenue.

A proper understanding of the fixed and variable costs is essential to accurately calculate the contribution margin.

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what is business? for a boss?

Answers

A business manager is a supervisor who leads and oversees an organization or a department's employees and operations. They work to ensure the company remains productive, efficient and organized at all times by implementing operational strategies, conducting performance reviews and overseeing all day-to-day activities.

PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics
The purpose of fractional reserve banking is to:
O A. prevent banks from charging unfair interest rates to small
businesses.
O B. combine the financial services of both commercial and retail
banks.
C. give banks the ability to make loans greater than the value of cash
deposhys.
D. give potential borrowers more options for securing short-term
bank loans.

Answers

Answer: A

Explanation:

it makes more sence

The purpose of fractional reserve banking is to prevent banks from charging unfair interest rates to small businesses. Thus, option A is correct.

What is fractional reserve banking?

A fractional reserve banking system is one in which only a portion of bank deposits must be available for withdrawal. Banks only need a certain amount of cash on hand and can make loans using the money we deposit. By releasing cash for lending, fractional reserves help to boost the economy.

Banks can utilize cash (i.e., the majority of deposits) that would otherwise be unused and idle to create returns in the form of interest rates on new loans and therefore make more money available to build the economy.

Therefore, it prevents banks from charging unfair interest rates to small businesses.

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when the supreme court judges vote unanimously on a case, this usually indicates a _____ model of decision-making.

Answers

Legal.


Hope this answers your question

A small software company interviewed candidates for two open positions as quality assurance technicians. The final two selected are equally qualified; a young woman and a fifty year old man. In order to cut employee expenses, the IT manager offered the job to the older man at a salary $15,000 lower than the salary offered to the young woman. This violates the 1963 Equal Pay Act. Which entity is charged with enforcing the Equal Pay Act of 1963 if it is notified

Answers

Considering the scenario described in the question above, the entity that is charged with enforcing the Equal Pay Act of 1963, if notified, is "The Equal Employment Opportunity Commission (EEOC)."

The EEOC is the federal agency or entity responsible for enforcing this type of employment discrimination law.

According to the Equal Pay Act of 1963, it is a violation against candidates or citizens for companies to discriminate on wages or salary due to gender.

Hence, in this case, it is concluded that the right agency to call upon is the "The Equal Employment Opportunity Commission (EEOC)."

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An example of consumer spending when calculating the GDP using the expenditures approach is _____.


rent

purchase of weapons for the military

purchase of software

none of the above

Answers

purchase of weapons for the military

Creating and providing improved working conditions has created a number of emerging careers.
True or false

Answers

Answer:

true

Explanation:

because if you improve the way thing look and the way thing work people will find working there amusing.

Growing a business often results in growing your

Answers

Answer:

Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.

Explanation:

Hope this helps! Have a great day, and spread some positivity!

liabilities are generally classified on a balance sheet as

Answers

Liabilities are classified as Current Liability and Non-Current Liability on the Balance sheet.

Liability is an accounting term used to represent debts and obligations which the business owes to others.

Examples of Liability includes Wages payable, Supplies payable, Owed Loans, Notes payable, Income taxes payable, Mortgages payable etc

However, under the balance sheet, Liability are classified into two sections and includes the Current Liability and Non-Current Liability.

The Current liabilities are known as Short term liabilities because they are liabilities that are due and payable within one year.

The Non-current liabilities are known as Long-term liabilities because they are liabilities that are due after a year or more.

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a marketing plan is an important tool for communicating details of the marketing functions. what else is the marketing plan used for?

Answers

Answer:

to attract customers or other buissness man that might want to invest

A marketing plan is used in order to attract customers or other businessman that might want to invest.

What is a Marketing plan?

A marketing plan may be included as part of a larger company plan. A solid marketing strategy is the cornerstone of a well-written marketing plan that will allow goals to be met. While a marketing strategy provides a list of tasks, it is useless to a firm without a solid strategic basis.

A marketing plan is an advertisement strategy that a company will use to sell its product or service. The marketing strategy will assist in determining who the target market is, the best way to contact them, the price point at which the product or service should be marketed, and how the firm will assess its efforts.

Therefore, it can be concluded that a marketing plan is designed to attract clients or other businessmen who may be interested in making investments.

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the amount of unemployment that the economy normally experiences is known as

Answers

Answer:

The natural rate of unemployment.

Supply chain management primarily focuses on two or more stages of the marketing channel under one management.Question 21 options:TrueFalse

Answers

The statement "Supply chain management primarily focuses on two or more stages of the marketing channel under one management" is:

False

Supply chain management is the type of management where there is a sum of all the production processes which are involved in making a raw material into a finished product that is ready for market sale.

The given question actually refers to Vertical Channel Integration because it focuses on two or more marketing channels which operate under one management.

Therefore, the correct answer is False

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An online math game gives one point for each correct answer and -1/2 point for each incorrectanswer.Alice gets 6 correct answers and 2 incorrect answers.Jasper gets 6 correct answers and 4 incorrect answers.Alice has---- more point(s) that Jasper.1twothreefourone How to find the frequency for temperature in Fahrenheit What is the value of each digit in 28.6597 what are the conditions from our notes that affect natural Selection? 5 right triangles are shown. Triangles 1, 2 and 4 have identical side lengths and angle measures. Triangle 4 is shifted down and to the right of triangle 1. Triangle 2 is rotated 180 degrees from triangle 1. Triangle 3 has a shorter base length measurement. Triangle 5 is larger than triangle 1.Which figure is a translation of figure 1?Figure 4 put these fractions in order from least to greatest 6/11 1/8 8/12 What the telling details about the character A plumber charges $75.00 each hour she works at your house and a $130.00 fee for the visit. At most it will take her is 4 hours to do the work. Graph by using the slope and the y intercept. A $1.200 television is on sale for 30% off. what will be the total price of the television? Michek Company loans Sarasota Company $2,000,000 at 6% for 3 years on January 1, 2020. Michek intends to hold this loan to maturity and has the financial ability to do so. The fair value of the loan at the end of each reporting period is as follows. December 31, 2020 $2,050,000 December 31, 2021 2,020,000 December 31, 2022 2,000,000 Prepare the journal entry(ies) at December 31, 2020, and December 31, 2022, for Michek related to these bonds, assuming (a) it does not use the fair value option, and (b) it uses the fair value option. Interest is paid on January 1. how would the meaning of the passage be affected if the phrase all come down"" were changed to advance""? the tone would become one of despair and negativity. the tone would become more angry and vengeful. the tone would be less urgent as the enemy moves more slowly. the tone would become one of indifference as both sides act indecisively. what is the function of the structural elements of a virus? Suppose the water level of a river is 34 feet. It recedes 1/2 foot a day. What is the equation you could use to calculate the water for a specific day? do private schools in california require vaccinations The height of a building is 1383 feet. How long would it take for an object to fall from the top? Luz Mara dispone de 200 euros para gastarse en las rebajas; la mitad se lo gasta en ropa, 52,73 euros en calzado y otra cierta cantidad en lencera. Si le sobran 5,30 euros. Cunto dinero se ha gastado en lencera? please answer both thank you which part of the passage gives you the best clue about the passage's theme During which change is heat energy absorbed?A. FreezingB. MeltingC. Condensation D. Deposition