s opvcal year s d the six subtotals or totals on the income statement? classific
ID: 2566249 • Letter: S
Question
s opvcal year s d the six subtotals or totals on the income statement? classifications reported on a balance sheet andor cesfiatis of toekholders' equity for a corporation. classification main and equipment, as reported on the balance sheet, explain (a) cost, (b) accumu- lassifications of stockholders' equity for a corporation. three major categories of notes or footnotes presented in annual reports? Cite an exam- (c) net book value. fpre the major hree major classifications on a statement of cash flows? what are the Brietly define de of edefine return on assets and what it measures What are the MULTIPLE-CHOICE QUE total assets increase, but net income, net sales, and average stockholders' equity remain same, w a Increases. Remains the same. i Cannot be determined without additional information. f company plans to differentiate its products by offering low prices and discounts for items pack- unt retailer that requires memberships for its customers), which component in the Rprofit driver analysis is the company attempting to boost? a. Net profit margin h. Asset turnover c. Financial leverage. d. All of the above. , If a company reported the following items on its income statement (cost of goods sold $6.000, income tax expense $2,000, interest expense $500, operating expenses $3,500, sales revenue S14.000), what amount would be reported for the subtotal "income from operations" a $8,000 h $2,000 c. $4,500 d. $4,000 4 Which of the following is one of the possible nonrecurring items that must be shown in a separate line item below the Income from Continuing Operations subtotal in the income statement? Gains and losses from the sale of fixed assets (L/Extraordinary items. d. Both a and b. b. Discontinued operations. 1 Which of the following reports is filed annually with the SEC? a. Form 10-Q Form 10-K c. Form 8-K d. Press releaseExplanation / Answer
1) option B decrease
If ROA is decreasing either average total assets are increasing or Net income is decreasing or remain constant.
2)Option B Asset Turnover
Asset turnover measures company 's efficiency and productivity .When company gives discount to the customer they will make bulk purchase this will increase the company's revenues and it increases the asset turnover ratio.
3) Operating Income = Sales - COGS - Operating Expenses = $14000 - $6000 - $3500 = $4500 (option c)
4) a
5) b
6)d
7)b
8) c
9) c
10)a ($850000)/(8500000+ 9600000) /2 = 9.39%
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