In contrast with a multiple-step income statement, a single-step income statement does not show the amount of
a. income taxes on continuing operations.
b. cost of goods sold.
c. gross profit.
d. earnings per share.
C
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The figure 47.0% shown for gross profit in 2019 signifies that the gross profit is ________.
The vertical analysis of the income statement of Bates, Inc. is as shown below:
A) equal to 47.0% of net income
B) increased by 47.0% over the previous year
C) 47.0% of net sales revenue
D) 47.0% of cost of goods sold
Wages payable is a type of expense
Indicate whether the statement is true or false
A ______ is a training method that simulates a real-life situation to teach students what actions to take in the event that they encounter a similar situation on the job.
A. selection B. simulation C. competency D. reinforcement
Which of the following is true of broad bands?
A. More use of broad brands, the less use of delayering in a firm. B. Broad bands with smaller range spread permit managers to recognize high performance with high pay. C. Broad bands with greater range spread give rise to lower labor costs. D. More use of broad brands, the less opportunity for promotions. E. Broad bands with greater range spread lead to weaker budgetary control.