The multi-step Income Statement for Lazer Industries, Inc. for the year ended December 31, 20x1 is as follows:
Lazer Industries, Inc.
Multi-step Income StatmentFor the year ended December 31, 20x1
Net sales $1,200,000
Cost of goods sold $300,000
Gross profit $900,000
Expenses:
Selling, general and administrative $170,000
Operational income $730,000
Interest expense $150,000
Ordinary Income before tax $580,000
Gain on sale of
discontinued operations $400,000
Gain on sale of investments $30,000
restructuring charges ($20,000)
Taxable income $990,000
Tax on ordinary income $207,900
Net income $782,100
What is a multiple-step income statement?A multiple-step income statement is an income statement that categorizes incomes and expenses into operating and non-operating heads so that the net income can be computed after taking into account operating, ordinary, and extraordinary revenues and expenses.
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In exchange for ________, preferred stockholders often relinquish voting rights; dividend preference. voting rights; liquidation preference over creditors. dividend preference; voting rights. dividend preference; liquidation preference over common stockholders.
In exchange for liquidation preference , preferred stockholders often relinquish voting rights; dividend preference. voting rights; liquidation preference over creditors.
What is liquidation preference?This is a term that is used to refer to the shareholders that may get to be paid first in the event of a liquidation of assets.
The preferred stakeholders would be the ones that would receive their money first in the face of such.
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what are the branches of business studies
Answer:
Essential branches of business are : Accounting. Finance. Business Administration and Management. Marketing. International Business. Business Communications. Real Estate. Human Resources Management.
Explanation:
Business Studies is a vast field comprising over two dozen branches. Business studies may be considered a single branch, but it comprises many aspects.
Business studies has its roots spread over business, management, and economics. Various branches like accountancy, finance, marketing, organizational studies, human resource management, and operations are the pillars of business studies. The academic perception of business studies is business teaching. It is prevalent in countries like South Korea, Canada, Hong Kong, etc.
Majors are available in many subjects. Under the wide spectrum of business studies, majors are common in human resources, economics, finance, etc.
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who benefits form medicare taxes?
Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.
Keith has set up a new burger joint in his locality. He is planning on introducing craft beers and milkshakes to the existing menu. Thus, the customers who visit his joint will have a range of options to choose from. This scenario exemplifies ________.
An identification of substitutes is done by Keith as he introducing new items to the existing menu so that customer will have ranges to choode from.
What is an identification of substitutes?This is a process whereby a seller plans to add some product that serves as subtitutes tp existing product.
Therefore, the identifying of substitutes is done by Keith as he introducing new items to the existing menu.
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A student is considering adding a minor to her degree. The additional courses would cost $1,500 but would allow additional income upon graduation of $10,000. The incremental income related to this decision is:
Based on the additional income that the student will get at graduation and the cost of the courses, the incremental income here is $8,500.
What is the incremental income?The is the additional income that we gain from pursuing a course of action, less the costs of that action.
In this case, the incremental income will be:
= Additional income - additional cost
= 10,000 - 1,500
= $8,500
In conclusion, the incremental income is $8,500.
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Answer:
8500
Explanation:
Why do you think that decorum and business etiquette play as essential components of business ethics and social responsibility
Proper decorum and good business etiquettes are essential components of business ethics and social responsibility because they:
Create a professional atmosphereImprove communicationMake a workplace productiveEnhance workers' respect and dignityImprove customer and suppliers relationships.What are business ethics and social responsibility?Business ethics deal with the appropriate business policies and practices that ensure the observance of ethical principles. They ensure that moral or ethical problems do not arise in a business environment.
Social responsibility refers to the cooperation that should exist among individuals and organizations for the benefit of the community.
Thus, Proper decorum and good business etiquettes remain essential components of business ethics and social responsibility.
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True or false: Emphasis is given to short-run aggregate supply because this is the version of aggregate supply that can explain changes in output and prices.
It is true that short-run aggregate supply is emphasised because it is the version of aggregate supply that can explain changes in output and prices.
Effect of Short-Run and Long-Run Aggregate Supply on Output and PricesThe above statement is true because the short-run aggregate supply can be used to provide explanation for variations in output and prices.
The other version is the long-run aggregate supply, however, it cannot and will not provide explanation for price and output variations at the same time.
This is the reason short-run aggregate supply is always emphasized.
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If you were to taking a loan out for a car. what loan is the best?
Answer:
a loan from the bank or the car manufacturers
Answer:
Financial loan or a loan rom the bank will be better!!!!!!!!!!!!!
Explanation:
HOPE IT HELPS UUUUUUUUUUUU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Which of the following is a positive externality?
Answer:
Research and development (R&D) conducted by a company can be a positive externality. R&D increases the private profits of a company but also has the added benefit of increasing the general level of knowledge within a society. Similarly, the emphasis on education is also a positive externality.
Explanation:
Choosing a beautiful design for a building will give benefits to everybody in society. Education or learning new skills. With better education, you are more productive and can gain more skills. But, also the rest of society benefits from your new skills
advise businesses on the difference between the public sector and private sector
Prepare the adjusting entry to record bad debts under each separate assumption.
a. bad debts are estimated to be 4% of credit sales.
b. bad debts are estimated to be 3% of total sales.
c. an aging analysis estimates that 7% of year-end accounts receivable are uncollectible.
The preparation of the adjusting entries to record bad debts for Hawke Company under each separate assumption are as follows:
A) Bad Debts $169,790 Allowance for Doubtful Accounts $169,790
B) Bad Debts $189,173 Allowance for Doubtful Accounts $189,173
C) Bad Debts $102,935 Allowance for Doubtful Accounts $102,935
Data and Calculations:A) Allowance for doubtful accounts = $142,320 ($3,558,000 x 4%)
Bad Debts Expense = $169,790 ($142,320 + $27,470)
B) Allowance for doubtful accounts = $161,703 ($3,558,000+ $1,832,100 x 3%)
Bad Debts Expense = $189,173 ($161,703 + $27,470)
C) Allowance for doubtful accounts = $75,465 ($1,078,074 x 7%)
Bad Debts Expense = $102,935 ($75,465 + $27,470)
Question Completion:On December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales
$1,832 100 $3,558,000
In addition, its unadjusted trial balance includes the following items. Accounts receivable $1.078.074 debit
Allowance for doubtful accounts $27,470 debit.
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What needs to happen to the money supply to recession?
Answer:
In order for your money suppy to recession you need credit.
Explanation:
Your credit needs to be good.
According to the national institute for occupational safety and health, how many united states employees feel stressed at work?.
The national institute indicated that about 40% of U.S. workers feel stressed at work.
What is a job stress?This refers to any harmful physical and emotional responses that occur when the requirements of the job do not correspond with the resources or need of the worker.
These job stress have a tendency to result to bad mental health, risk of anxiety, burnout, depression etc.
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A career path that involves horizontal movement within or across organizations is referred to as a(n) _____.
When a person moves horizontally within or across organizations, this is called a horizontal career growth.
What is a horizontal career growth?This is when someone moves across job titles from one company to another or within the same company.
It is called a horizontal move because the person will still be at the same job level that they were at the job they moved from.
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5 creative ideas that have changed how we live
Answer:
talent without Hard work is nothing
don't waste time
believe in yourself never lose hope and dream big and chase them
work hard now and be proud later
sometime doing smart work with hard work is really important
never judge anyone coz. you never know a person's suffering ......
always be kind but never lose your self respect for anyone you love coz. if that person really loves you than he/she never make a thing that much big that affects your self respect or make you depress
be consistent maintain your time properly and complete your daily to daily tasks and think positive which develops confidence in you
don't run on towards the different different peeples to find love just improve yourself day by day and one day you automatically will have the person whom deserves you .....
respect elders especially parents and teachers and listen to them
don't hurt somebody just went away from the place you don't like
and eat healthy stay happy be confidence accept your faults and flaws and try to improve them never think what others says just do what you want the people will gonna demotivate you and taunt you but will also come to you when they need at the time when you will get success
Also, try to wake up early and be the part of humanity
THERE ARE SO MANY THINGS AND I AM TIRED OF WRITING NOW BUT YA I HOPE ITS HELP YOU TO BRINGS IMPROVEMENT IN YOUR LIFE ........
Billy Witz sells vacuum cleaners door-to-door. After showing Mrs. Davis several models and demonstrations, Billy can tell she is hesitant but interested. Which trial closing is Billy likely to use to ensure a sale
The trial closing that Billy is most likely to use to ensure a sale will be:
"Do you want the standard model or one with the special options package?What is a trial closing?In sales negotiation, this technique is employed by the seller to assess the buyer's readiness to make a purchase decision.
The technique usually comes in the form of questions that ask for decisions on minor selling points.
Therefore, the technique are used in a way to ensure and finalize a sale with the intending buyer.
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Commercial banks and investment banks offer the same services and are very competitive in landing new customers?
true
or
false
The statement "Commercial banks and investment banks offer the same services and are very competitive in landing new customers" is: False.
What is commercial bank and investment bank?A commercial bank is a financial institution that enables account holders to carryout transaction such as applying for loans, deposit, withdrawal etc.
While investment bank on the other hand rendered service to investors corporate and as well deals in buying and selling of bonds.
Commercial bank and investment banks does not provide or rendered the same service.
Inconclusion the statement is false.
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How can the two chromosomes that make up a homologous pair differ? they can contain different alleles for the same trait. they can contain genes that code for different traits. they can contain the same genes in different orders. they can contain a different number of genes.
The two chromosomes that make up a homologous pair can differ if they contain different alleles for the same trait.
What is an alleles?This means one or more genes that may occur alternatively at a given site (locus) on a chromosome.
Hence, any two chromosomes that make up a homologous pair can differ if they contain different alleles for the same trait.
Therefore, the Option A is correct.
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Answer:
A. They can contain different alleles for the same trait.
Fiscal policy that focuses on shifting the long-run aggregate supply curve to the right is _____ policy. contractionary mandatory fiscal aggregate shifts supply-side fiscal
Fiscal policy that focuses on shifting the long-run aggregate supply curve to the right is: supply-side fiscal policy.
What is supply-side fiscal policy?Supply-side fiscal policy can be defined as the type of policy which state that when their is increase in aggregate supply or increase in the amount of goods or products supply it will lead to increase a country efficiency.
Although the issue with supply-side fiscal policies is that it often take a while to work compare to demand-side fiscal policies.
Inconclusion Fiscal policy that focuses on shifting the long-run aggregate supply curve to the right is: supply-side fiscal policy.
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What is the difference between position management and job management.
The difference between position management and job management lies in the fact that;
In Position Management, a position is created for each new employee/opening while In Job Management, no positions are necessary in order to create a job requisition.Staffing ModelsConventionally, there are two types of staffing models:
Position Management and Job Management.In Position Management, it is necessary that a position is created for each new employee/opening. In such cases, reports show open positions and vacancy rates.
However, In Job Management, no positions are needed in order to create a job requisition.
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Molly has a $2500 down payment saved for this purchase, and the dealer’s $1500 Cash Allowance will come straight off her total. How much loan does Molly need?
Molly selected the Latitude trim for her Patriot SUV and the total purchase price used for this example = $25,495.
Since Molly has $2,500 for a down payment, but $1,500 are needed to pay for expenses related to the car dealer, she will need to borrow = purchase price + dealer's cash allowance - Molly's down payment = $25,495 + $1,500 - $2,500 = $24,495
How much will Molly’s monthly payment be?
If she has a $2500 down payment saved and the dealer’s is $1500. Loan needed is $21,495 and monthly payment is $597.08.
Molly’s loan needed and monthly paymentMolly loan:
Molly Loan needed =$25,495-$2,500-$1,500
Molly loan needed=$21,495
Molly’s monthly payment:
Molly’s monthly payment =$21,495/36 months
Molly’s monthly payment=$597.08
Therefore Loan needed is $21,495 and monthly payment is $597.08.
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Bookmark question for later Which of the following is not one of the seven rights of an empowerment culture? a. Communicate the right expectations b. Provide the right training c. Measure the right things d. Demand the right behavior e. Give employees the right opportunity f. None of the above; i.e., they are all elements of an empowerment culture
The Demand the right behavior is not one of the seven rights of an empowerment culture
What is empowerment culture?Empowerment culture can be defined as the rules and regulation that is used to govern a company including their policy, value and norms.
Empowerment culture is important as it enables employee to know and understand the culture of the organization they work for as well as the goals and objective of the organization.
Therefore the Demand the right behavior is not one of the seven rights of an empowerment culture
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The earnings gap in the U.S. labor market between black and white workers ___________ in the 1960s and 1970s, but, since 1980, the gap __________.
In the 1960s and the 1970s, the earnings gap between Black and White workers fell substantially. However, since 1980, it has pretty much remained the same.
Is there a gap between earnings of White and Black workers?There has always been a gap between the amounts paid to Black and White workers but this gap fell significantly in the 1960s and the 1970s.
Since the 1980s however, the gap has not moved by much which is why White workers still earn more on average.
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Which argument is made by supporters of reforms to the cash bail system in texas?.
The argument is made by supporters of reforms to the cash bail system in Texas is that it unfairly keeps poor people locked up.
What is a argument?It should be noted that an argument simply means the stance of an individual regarding a particular topic.
In this case, the argument is made by supporters of reforms to the cash bail system in Texas is that it unfairly keeps poor people locked up.
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Promotion permits are available and required for in-store demonstrations and promotions such as offering wine and beer samples. true false
In order to be able to have in-store demonstrations and promotions that offer wine and beer samples, a promotion permit is needed so this is True.
What are promotion permits?Some states such as Texas issue promotional permits to companies and individuals who wish to have in-store demonstrations that include alcoholic beverages.
The purpose of this is to ensure that the entities demonstrating, take appropriate care to ensure that minors don't take the alcohol.
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A withdrawal of cash from a bank that does not put the bank's reserves below the level of required reserves will ______.
If there is a withdrawal of cash from a bank which does not go below the required reserves, the withdrawal will not change money supply but will reduce bank checkable deposits.
What does withdrawing from a bank do?If one withdraws money from a bank, it will reduce the bank's checkable deposits as these are made of cash that was deposited by entities.
As regards total money supply however, these withdrawals will only have an impact if the withdrawal causes bank reserves to fall below the required reserves.
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which situation is an example of skimming?
a) pop-up windows on a computer asking for you pin
b) a retailer scanning your credit card to steal its number
c) bank statements stolen from your garbage
d) a phone call from someone pretending to be a bank employee
Answer:
B.) a retailer scanning your credit card to steal its number
Explanation:
The phenomena that the variability in order quantities tend to increase as you proceed upstream in the supply chain is referred to as the:.
Answer:
Bullwhip effect
Explanation:
How does your new budget help you to meet your long-term goal of saving for college?
Answer:
You may reach your long-term goals quicker by putting your cash into a savings account or certificate of deposit with a high interest rate, or by investing, especially if you don’t plan to use this money for at least five years — say you’re starting a college fund for your newborn. That way you’ll allow time to build up a positive return.
Explanation:
If the price elasticity of supply for pickles is 2 and the price of pickles increases by 10 percent, then the quantity supplied of pickles will increase by
If the price of pickles increases by 10 percent, then the quantity supplied of pickles will increase by 20%.
Increase in quantity suppliedUsing this formula
Increase in quantity supplied=Price elasticity of supply for pickle×Increase in price of pickles
Let plug in the formula
Increase in quantity supplied=2×10%
Increase in quantity supplied=20%
Therefore If the price of pickles increases by 10 percent, then the quantity supplied of pickles will increase by 20%.
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