Net income
A) is accumulated in Retained Earnings.
B) is reported on the income statement.
C) occurs when revenues exceed expenses.
D) All of these choices.
D
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What are the six basic types of entry strategies for international expansion?
What will be an ideal response?
During 2014, America Inc produced, among other products, 9,500 cameras, incurring the following unit costs: $5 in direct materials, $3 in direct labor, $2 in variable overhead, $4 in fixed overhead, $0.50 in variable selling and administrative expenses, and $1 in fixed selling and administrative expenses. An outsider had offered to produce the cameras for $12 each. Assuming that the factory space
would have been idle otherwise, acceptance of the outside offer would have A) lost the company $9,500. B) saved the company $34,250. C) saved the company $19,250. D) lost the company $14,250.
In marketing terms, benefits define a product's ________, or what the product does for a customer
A) utility B) warranty C) tangibility D) intangibility E) variability
A company purchased $10,700 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $850, was added to the invoice amount. On June 20, it returned $1360 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:
A. $11,110. B. $11,550. C. $9,224. D. $11,210. E. $10,003.2.