subject
Business, 02.06.2021 18:40 azaz1819

For a merchandising business, every sales dollar reported on the income statement includes . a cost of merchandise sold and total expenses only b total expenses and gross profit on sales only c total expenses and net income only d cost of merchandise sold, gross profit on sales, total expenses, and net income before income tax

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 00:30
Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale
Answers: 1
question
Business, 22.06.2019 18:10
Why would an investor invest in your stocks
Answers: 1
question
Business, 22.06.2019 23:00
You cannot make copies of media, even as a personal backup, without violating copyright. true
Answers: 3
question
Business, 23.06.2019 07:50
To record a 6% stock dividend, accountants use to record a 55% stock dividend, accountants use a. par value per share; market price per share b. par value per share; par value per share c. market price per share; market price per share d. market price per share; par value per share
Answers: 1
You know the right answer?
For a merchandising business, every sales dollar reported on the income statement includes . a cost...
Questions
question
History, 11.02.2020 19:19
question
Mathematics, 11.02.2020 19:20