A company's gross profit percentage decreases from 48% to 43%. What does this mean?
A) This means that net income will be higher.
B) This means that net income will be lower.
C) This means that there will be a net loss.
D) We cannot determine anything definite from the information given.
D) We cannot determine anything definite from the information given.
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The following is a list of selected users of accounting information. Match the appropriate user to the following decisions they make with accounting information.a. Suppliersb. Lendersc. Shareholdersd. Purchasing Managerse. Regulators____ 1. Know what, when, and how much to purchase.____ 2. Judge the soundness of a customer before making sales on credit.____ 3. Assess whether a company has paid all required taxes and complied with securities rules.____ 4. Assess whether an organization is likely to repay its loans with interest.____ 5. Decide whether to buy, hold, or sell a company's stock.
What will be an ideal response?
Carter Appliance Center sells washing machines that carry a three-year warranty against manufacturer's defects. Based on company experience, warranty costs are estimated at $60 per machine. During the year, Carter sold 48,000 washing machines and paid warranty costs of $340,000 . In its income statement for the year ended December 31 . Carter should report warranty expense of
a. $680,000. b. $960,000. c. $2,200,000. d. $2,880,000.
Since the 1970s, over a million immigrants ________ to the United States
A) have came B) had come C) have come D) had came
Baby Boomers are among the fastest-growing demographic groups on Facebook. Marketers need to study such trends because
A. very large numbers of people make up this demographic. B. Baby Boomers have played a major role in the social media revolution. C. Baby Boomers typically have little money to spend. D. online ads are most effective when seen by people of all ages. E. people in this demographic are known for being techno-savvy.