Answer: the answer is confrontation
Explanation:
Confrontation is a style of conflict resolution whereby all the conflicting groups brings all the issues in the open in an attempt to resolve the conflict.
Its is most effective when the groups need to cooperate to get the jib done effectively and there is a maximum level of trust among the group.
Why should campaigns with different marketing objectives be separated into different Performance Planner plans?
Answer:
•To prevent budget from limiting campaign.
•So that there won't be reallocation of spend within two separate marketing objective.
•So that there won't be duplicating of any potential keywords between different marketing objectives.
•To identity better seasons trends for individuals.
Fiona is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstores and discount stores. Her daily activities include straightening the cards, pulling outdated or slow sellers, and installing new cards. Fiona is called a(n) _____.
Answer:
These are the options for the question:
a. specialty-line wholesalers.
b. assemblers.
c. full-service stockers.
d. in-store maintainers.
e. rack jobbers.
And this is the correct answer:
c. full-service stockers.
Explanation:
Fiona is a full-service stocker, or retail stocker. A retail stocker is a person who is responsible for organizing (stocking) products in the shelves of a retail space (a large store, a supermarket, a convenience store).
Retail stocker also help customers by giving directions within the store, or by helping elderly, disabled, and other people reach products that they might not be able to reach by themselves.
Fiona, given her responsibilities of maintaining and updating the displays of greeting cards, can be referred to as a Merchandiser. She replaces outdated cards, adjusts displays, and incorporates new products, which are the typical roles of a merchandiser.
Explanation:Based on the responsibilities of maintaining and updating greeting card displays in stores, Fiona could be referred to as a Merchandiser for Hallmark Cards, Inc. A merchandiser is accountable for not only presenting the products accurately, but also replacing outdated or slow sellers and incorporating new items. Not to be mistaken with a 'part-time promotion assistant,' which includes tasks more linked to scheduling, advertising, subscription methods, and fundraising, the role Fiona is handling is specifically centered around the physical display and turnover of products, a typical role of a merchandiser.
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Match the following intangible assets to their definitions by writing the respective alphabet (A-E) on the line.
Part A:
a. Patents
b. Goodwill
c. Trademarks and trade
d. Franchises and licenses
e. Copyrights
Part B:
1. Distinctive identifications of products or services
2. The excess of the cost of purchasing another company over the sum of the market values of the acquired company’s net assets
3. Give holder the exclusive rights for 20 years names to produce and sell an invention
4. Exclusive rights to reproduce and sell a book, musical composition, film, or other work of art
5. Privileges granted by a private business or a government to sell a product or service in accordance with specified conditions
Answer:
a. Patents: 3.
b. Goodwill : 2
c. Trademarks and trade: 1
d. Franchises and licenses: 5
e. Copyrights :5
Explanation:
a. Patents: 3. A patent is a group of rights of an invention given for a period of time, normally to its inventor in order to sell, produce and use his product with exclusivity leaving aside the competitors.
b. Goodwill : 2 the goodwil in business is calculated as the adquisitoin cost of a business minus the intangible and tangibles assets and liabilities obtained in the purchases
c. Trademarks and trade: 1 A trade mark is a logo, drawion, word or phrase tahat identifies a product or a services among others.
d. Franchises and licenses: 5 Is a type of business (for example Mc Donald's) where one (the franchisor) gives the fanchisee the right to use it's trademark and business model and processes in exchange of licensing fees.
e. Copyrights :5 the copyrights protects tha author of an artistic work in order not to be reproduced without its permission
____ can be defined as the degree to which an obtained measure represents the true level of the trait being measured.
Answer:
let try validity as the rightful answer.
The delivery of services can be expressed as a __________ with mass produced, low-customer contact systems at one end, and highly customized, high-customer-contact systems at the other end.
Answer: Continuum
Explanation:
The question is given a description of the service delivery system, a kind of system which is targeted at meeting customers needs while profit is being made by the organization.
Continuum is a word used to describe a process with stages that vary slightly and lies between two eventualities.
The continuum in the question is used to describe the stages in the service delivery system, from the level of low customer contact that gradually progresses to a level of high customer contact.
The percentage of network programming on broadcast TV that involves sports is _______________________.
Answer: Fifty percent.
Explanation:
Sports programming has a significant presence on both broadcast TV and cable.
Explanation:Based on the information provided, it is difficult to determine the specific percentage of network programming on broadcast TV that involves sports. However, the information suggests that sports programming is a significant part of network programming. Major networks like ABC, CBS, NBC, and Fox produce sports programs in addition to news and other types of programming. Sports programming is also popular on cable channels like ESPN. Overall, sports programming has a significant presence on both broadcast TV and cable.
In 2008 a California man named Gladwin Gill was sentenced to a year in prison for making $66,700 in conduit contributions to presidential candidates, two United States Senate candidates, and a political committee endorsing a U.S. House of Representatives candidate..
Answer:
In 2008 a California man named Gladwin Gill was sentenced to a year in prison for making $66,700 in conduit contributions to presidential candidates, two United States Senate candidates, and a political committee endorsing a U.S. House of Representatives candidate..
In 2008, Gladwin Gill, a resident of California, was convicted and sentenced to one year in prison for orchestrating $66,700 in conduit contributions to various political candidates.
These contributions were made to presidential candidates, two candidates running for the United States Senate, and a political committee that endorsed a candidate for the U.S. House of Representatives. Conduit contributions involve using intermediaries to funnel money into political campaigns, with the intention of hiding the true source of the funds. This practice is illegal because it undermines campaign finance regulations designed to ensure transparency and prevent corruption.
Gill's actions were viewed as a violation of election laws, as he attempted to bypass contribution limits and manipulate the political process by disguising the true origin of the funds. As a result, he faced legal consequences to uphold the integrity of campaign finance laws. Calculating the total amount of conduit contributions, which amounted to $66,700, helped shed light on the extent of Gill's illegal activities and reinforced the seriousness of the offense.
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Joe came into a sizeable inheritance about 5 years ago. His investment advisor representative recommended putting the majority if the inheritance into a variable annuity, once Joe had maxed out other tax-deferred products. Joe has seen the funds in the variable annuity grow over the past 5 years, but he wants to know more about how the variable annuity works and where the increases in value originate. Which of the following is a good statement from the IAR related to how variable annuities grow?A) "Variable annuities appreciate in value as the stock of the issuer of the variable annuity goes up."B) "Variable annuities have a fixed pay-out rate which is determined at the time of investment. Investors can look back at their original documents related to the variable annuity to see what this pre-determined rate of growth is."C) "Variable annuities include investments in various products, normally mutual funds, so the value of the variable annuity will fluctuate with increases or decreases in the values of the products held within the variable annuity."D) "You should contact the issuer of the variable annuity to find out more information on how it works. I am simply your investment advisor."
Answer:
C) "Variable annuities include investments in various products, normally mutual funds, so the value of the variable annuity will fluctuate with increases or decreases in the values of the products held within the variable annuity."
Explanation:
Joe's investment adviser should have discussed what type of investment he was recommending and why he was recommending them. If Joe wants to know more about his investments, his IAR has a fiduciary obligation to explain how a variable annuity works.
Variable annuities are a type of investment vehicle, which allows tax deferral on investment growth. Variable annuities are called variable because the investor decides which investment he will take and the value of the investments vary in time.
Usually variable annuities include different mutual funds, and if the price of the shares of the mutual funds vary, so will the value of the annuity.
Tony is the owner of Tony’s Taqueria. Tony is a profit-maximizing owner whose firm operates in a competitive market. An additional worker costs Tony $200 and has a marginal productivity of 40 tacos. Assuming no other variable costs, what is the marginal cost of a taco? a. $200 b. $8 c. $5 d. There is insufficient information available to answer this question.
Answer:
(c) $5
Explanation:
Remember, To calculate marginal cost, we divide the change in production costs by the change in quantity.
In this example, the change in production cost is $200 (for hiring an additional worker) while the change in quantity of taco is 40 (increase in marginal productivity).
The marginal cost= $200/40
we get $5 as the marginal cost.
The point with the largest vertical distance between the total revenue and total costs represents the point at which:
Answer:
The point with the largest vertical distance between the total revenue and total costs represents the point at which production is maximized and profit is maximized
Explanation:
Profit refers to the vertical distance between the total revenue and total cost. The largest vertical distance between the total revenue and total cost is the point at which production and profit are maximized.
Maximizing profit is achieved when the gap between total revenue and total cost is largest, determined by aligning the slopes of the revenue and cost curves.
The point with the largest vertical distance between the total revenue and total costs represents the point at which:
Maximizing profit occurs when the vertical gap between total revenue and total cost is the largest.This point can be identified by setting the slope of total revenue equal to the slope of total cost, where marginal revenue equals marginal cost.For a perfectly competitive firm, the optimal output level for maximum profit is where the total revenue curve and the total cost curve have the same slope.Which of the following terms refers to a regulatory agency that seems to serve, rather than oversee, the interests it monitors?
Answer:
captured agencies
Explanation:
Captured agencies are regulatory agencies that serve the commercial or political interests of an interest group instead of the interests of the whole population.
Interest groups may be constitute by people of a specific geographical area, industry, profession, or ideology. When an agency is captured by an interest group, the interest of the special group prevail over the interests of the general population. Captured agencies are closely associated with rent-seeking and political corruption.
In the split labor market theory, the group that gains the most from discriminatory institutions is:
Answer:
dominant group workers
Explanation:
From spilt labour market theory workers like natives, or part of unions in market enjoy full rights and demand higher wages and sometimes using their political power they exclude low paid workers from market.
Owners of a bowling alley have determined that the price elasticity of demand for bowling by seniors is –3.0, while the price elasticity of demand for others is –1.8. How much more should others be charged than seniors?
Others should be charged more than seniors at the bowling alley due to seniors' higher price elasticity of demand. For pharmaceutical pricing, a price should be lowered if demand is elastic (greater than 1) and raised if demand is inelastic (less than 1). Bread is an inferior good as consumption decreases with an increase in income.
The bowling alley scenario outlines that seniors have a higher price elasticity of demand at -3.0, compared to -1.8 for others. Price elasticity of demand measures how sensitive the quantity demanded is to a change in price. With a higher absolute value of price elasticity, seniors are more responsive to price changes.
Since seniors are more price-sensitive, they will likely reduce their bowling frequency significantly if prices increase. Others, with a lower price elasticity, are less sensitive to price changes and will not reduce their bowling frequency as much. Therefore, to maximize revenue without losing too much demand, the bowling alley should charge others more than seniors, capitalizing on the less elastic demand group's willingness to pay.
In terms of pricing advice for a pharmaceutical company with elastic demand for their product (1.4 elasticity), they should lower the price to increase total revenue. However, if the elasticity is 0.6, they should raise the price, as demand is inelastic and greater revenue is obtained with higher prices. At an elasticity of exactly 1, price changes do not affect total revenue, so they could maintain the current price.
For UPS or FedEx, understanding the gasoline price elasticity of supply is crucial for anticipating and planning for fuel cost changes, which are a significant part of their operational expenses. The elasticity tells how responsive the quantity of gasoline supplied is to a change in its price, affecting their cost structure and potentially their pricing strategies.
Income elasticity of demand for bread is calculated using the formula: Percentage change in quantity demanded / Percentage change in income. Since bread consumption fell when income rose, the income elasticity would be negative, indicating that bread is an inferior good, as consumption decreases when income increases.
Roberta is 25 years of age, healthy, and pregnant. Based on this information, her body is in ____ nitrogen balance. A. PositiveB. InverseC. NegativeD. Activated ..
Answer: Positive
Explanation:
The net change in total body protein is called Nitrogen balance. Neutral Nitrogen balance exists in a healthy adult. While positive Nitrogen balance exists during pregnancy. Therefore from the information in the question, Roberta will exhibit a Positive Nitrogen balance.
A ____________ is calculated as a flat percentage of income earned, regardless of level of income.
a.Progressive tax
b.Regressive tax
c.Estate and gift tax
d.Proportional tax
Answer:
d.Proportional tax
Explanation:
A Proportional tax is a tax where the same tax is paid regardless of the income earned. It is also known as a flat tax.
A progressive tax is when the tax paid by high income earners is higher when compared with low income earners.
A regressive tax is when low income earners pay more tax when compared with people who earn a higher income.
I hope my answer helps you.
A proportional tax is a tax that is a flat percentage of income earned, regardless of level of income.
Explanation:A proportional tax is a tax that is a flat percentage of income earned, regardless of level of income. This means that everyone pays the same percentage of their income in taxes, regardless of how much they earn.
For example, if the proportional tax rate is 10%, someone who earns $10,000 would pay $1,000 in taxes, while someone who earns $100,000 would pay $10,000 in taxes.
Margaret, HR manager at Frexotel Inc., recruits her cousin Linda as production manager in the company. This results in resentment among several of the company's employees. This practice of hiring relatives is called _____.Multiple Choice1. nepotism2. localism3. abstractionism4. voluntarism5. structuralism
Answer: Nepotism
Explanation: Nepotism is an act of granting special privileges to one's friends and family especially during
recruitment or any other opportunity. It entails using one's power to secure juicy opportunities for one's relatives, especially when they are not qualified for such opportunity. Nepotism is also an act of partiality in order to favour one's friends or relative or candidate over others.
The word "nepotism" is an Italian word and it advanced from the Italian word for nephew. It originated in the mid 17th century when popes and other religious leaders were in the habit of displaying favouritism towards their family members at the expenses of others.
Types of nepotism.
• Nepotism at work place or employment nepotism.
• Political nepotism.
• Organizational nepotism.
Bus Corp wants to introduce a new procedure to improve how customer requests are handled. This change will require employees to break old routines and adopt new role patterns. They decide to adopt two new programs. One asks the employees to learn how to work as teams as the company changes. The other involves forming task forces within the company to help determine new customer service practices. In Scenario C, Bus Corp is using ________ to minimize resistance to change. A) Communication B) Learning C) Stress management D) Negotiation E) Employee involvement
Answer:
Answer is Option E i.e. Employee Involvement.
Explanation:
Employee involvement can be understood as participation of employees in the important decision-making process to meet the desired objective of the organization. This process creates a sense of ownership among employees and thus, they would openly accept any change that might take place within the organization.
Borneo Inc. manufactures coffee. It used to sell its product in glass jars, but it has recently made its coffee more granular and packaged it in vacuum-packed cartons, which weigh less. This product is an example of
product diversification.
a new category entry.
product line extension.
a revamped product.
a new-to-the-market product
Answer: Revamped product
Explanation:
Borneo Inc has revamped their products, to enable them change it from the previous glass jar package to vacuum packed cartons and also to make their coffee more granular.
Revamping a product involves rebranding a product, to enable a producer add some desirable features to that product.
At your first meeting with Alex, you ask to see his most recent financial statements so that you can get an overall assessment of the restaurant's financial health. Alex looks at you blankly and says, "I'm a chef, not an accountant, and I don't know what financial statements you're talking about. Can you explain to me?" What should your response be?
Answer:
The two main financial statements are the income statement and the balance sheet.
In the income statement all the revenue and the expenses should be accounted for, resulting in net profits or net losses. The income statement shows how the restaurant has been performing over a given period (usually a year).
The balance sheet is like a photo of the restaurant itself at a specific point in time. The balance sheet shows what assets the restaurant has, how much money it owes and what percentage of the business really belongs to the owners.
The other two financial statements are the statement of owner's equity and the statement of cash flows, but they are more complicated to explain and not that basic for a small business.
All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______A. Accounting for bonds and notes under U.S. GAAP and IFRS is similar.B. Both U.S. GAAP and IFRS require companies to distinguish between operating leases and capital leases.C. The criteria for identifying a lease as a capital lease are more general under IFRS.D. Both U.S. GAAP and IFRS require companies to record costs of retirement benefits as employees work and earn them.E. Use of the fair value option to account for bonds and notes is not acceptable under U.S. GAAP or IFRS.
Answer:
A) Accounting for bonds and notes under US GAAP and IFRS is similar.
Explanation:
US GAAP and IFRS do not have the same accounting guideline for bond issue cost:
Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.
The manager is responsible for training you about food safety in your job duties. These duties include preventing foodborne illness by: a. Timing food preparation to be ready for wait staff to serve b. Keeping you productive during your entire work shift c. Storing food in a manner to prevent contamination d. Keeping food costs down by reducing food waste
Answer:
The correct answer is C
Explanation:
Food safety is used as the scientific discipline, which describe the storage, handle or preparation of the food, in a manner or way which prevent the illness of the food borne.
When the training is provided on the food safety, the one and the foremost thing is to guide or make aware on preventing the contamination on the food by storing the food in such a way that it will prevent the same.
The company is currently selling 5,000 units per month. Fixed expenses are $243,000 per month. The marketing manager believes that an $11,000 increase in the monthly advertising budget would result in a 180 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change?
Answer:
If the company decides to increase its advertising budget, its net profits will decrease by $200 (= $56,800 - $57,000).
Explanation:
The company is currently selling 5,000 units per month at $150 per unit, and its total variable costs are $90 per unit.
Fixed expenses are $243,000 per month.
Current income statement:
sales revenue = $750,000
minus variable costs = ($450,000)
minus fixed costs = ($243,000)
net income = $57,000
If the company increases its advertising budget be $11,000 it should sell 180 more units per month, the new income statement would be:
sales revenue = $777,000
minus variable costs = ($466,200)
minus fixed costs = ($254,000)
net income = $56,800
If the company decides to increase its advertising budget, its net profits will decrease by $200 (= $56,800 - $57,000).
Citing the recent increase in earnings by several computer companies, economists feel that a cycle has begun in which personal computer users, especially corporate consumers, are replacing their PCâs with more powerful models.
A. A cycle has begun in which personal computer users
B. A cycle for personal computer users has begun in which they
C. There is a cycle beginning for personal computer users
D. It is the beginning of a cycle for personal computer users
E. Personal computer users are in the beginning of a cycle when they
Answer:
The correct option is A
Explanation:
If we take a look at Subject/Verb agreement, pronoun agreements, and modifying phrases, we can see that option A tests OK for all the above tests.
In option B, using the word "they" is a wrong pronoun and does have a referent. Hence this option is also wrong.
Option C and D: The statement clearly states that users are replacing their PCs and hence using the prepositional phrase "beginning" with "for" makes this option invalid.
Option E: It is not personal computer users that are in the beginning of the cycle so this is a logically wrong.
Donna has a home currently worth $142,000, for which she still owes $63,000 on her mortgage. She has $18,000 in student loan debt and $13,000 in credit card debt. She likes to keep an emergency fund, so she has $1000, in a savings account. Her annual salary this year will be $44,000. What is Donna's net worth?
Answer:
$49,000
Explanation:
Donna's net worth is the total value of her assets minus the total value of her liabilities.
Donna's total assets = $142,000 + $1,000 = $143,000
Donna's total liabilities = $63,000 + $18,000 + $13,000 = $94,000
Donna's net worth = $143,000 - $94,000 = $49,000
A real (or constant) dollar value can be calculated by dividing the nominal (unadjusted or current dollar) value by the ____________ for that year.
a) inflation rate
b) GDP growth rate
c) price index (decimal shifted)
d) any of the above
Answer:
(C) price index (decimal shifted)
Explanation:
A real dollar value can be calculated as follows:
Real Dollar Value = [tex]\frac{Norminal Dollar Value}{Price Index}[/tex].
The price index is an adjustment figure that is computed as (the price in the current year) divided by (the price in a base year). Thus the price index expresses the price in the current year in relative terms to $1 in the base year. As such, if the price index in the current year is 1.25, it means current year prices are 25% more expensive that they were in the base year.
Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily. This implies that Barney has:
Answer:
This implies or states to low openness to experience
Explanation:
Low openness to experience, it is related to people who are mostly dedicated to work they do and make sure that their tasks or work through to the end.
So, in this case, Barney, who is the manager is very resistant to adapt the change, very conventional and does not accept the new ideas so easily. This states that the manager, is very low for experiencing the openness or to the new ideas.
Barney's management style, which is conventional and resistant to change, implies a work environment with little flexibility, resist new ideas, and may lack incentives for enhancing work performance. Embracing change and innovation, and encouraging staff creativity could improve his team's motivation and productivity.
Explanation:Barney, the manager in question, exhibits traits that suggest a reluctance to embrace change and innovation. His being conventional, resistant to change, habitual, and unwilling to accept new ideas aligns with a management style that has little flexibility, a large bureaucracy, and possibly creates an environment with a lack of incentive to work hard or better. In such a setting, team members may find it challenging to propose innovative solutions or improvements, as they could expect resistance or a lack of supportive mechanisms to bring new ideas to fruition.
Furthermore, Barney's management style could discourage employees from going above and beyond their regular duties due to a possible lack of recognition or rewards for exceptional performance. In order to improve this workplace dynamic, it would be beneficial for the management to adopt measures that encourage flexibility, support creative thinking, and provide incentives for staff to improve their work and productivity.
Los Amigo Inc., a clothing manufacturer, believes that employees must be paid above the average market rate. The company aims to provide good customer service and to increase its sales. In this case, which of the following is most likely the reaction of employees working at Los Amigo?
a. The employees will be motivated to work hard.
b. The employees will put less effort at work.
c. The employees will find their jobs less challenging.
d. The employees will find a way to increase their outcomes bystealing.
e. The employees will resign from their current jobs.
Answer: The employees will be motivated to work hard.
Explanation:
The staff of Los Amigo Incorporated, would be highly motivated to discharge their duties at their workplace and to put in extra effort, because they are better paid than their counterparts in other companies.
The increase in salaries, would take the company closer to achieving it's goal of better customer service and increased sales.
According to the Securities Act of 1933, a pooled investment fund will be classified as a federal covered security if it is____________.
Answer:
If it is registered as an Investment Company under the Investment Company Act of 1940
Explanation:
The Investment Company Act of 1940 represents a Federal Government regulation that is recognised by the 1933 Securities Act. According to the Investment Company Act, a mutual fund is considered a federal covered security when it is registered as an investment company.
An investment company represents a trust or a corporation whose main business is to invest the pooled capital of investors in financial securities. Investment companies carry out their business either through an open end fund or a closed end fund.
Final answer:
A pooled investment fund is classified as a federal covered security if it is registered under the Investment Company Act of 1940. Mutual funds are common examples of such funds, widely held by US households as part of their financial investments. The SEC oversees these funds to ensure transparency and protect investors.
Explanation:
According to the Securities Act of 1933, a pooled investment fund will be classified as a federal covered security if it is registered under the Investment Company Act of 1940 and is offered to the public or sold in a public offering. Mutual funds typically fall under this category because they are regulated investment products. These funds consist of a portfolio of stocks, bonds, or other securities, which gives individual investors access to a diversified set of investments. Mutual funds are popular financial investments; for instance, in 2021, just over 47% of U.S. households had financial investments in mutual funds, often as part of retirement savings or pension plans.
The creation of the Securities and Exchange Commission (SEC) in 1934 further reinforced this regulatory framework to protect investors by requiring issuers of securities, such as mutual funds, to register and disclose necessary financial information. The goal of these regulations is to prevent fraud and promote transparency in the financial markets.
Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lot. Which approach could be considered the most reliable for valuation?
a. cost approach
b. income approach
c. sales comparison approach
d. All are equally reliable.
Answer: Cost Approach
Explanation:
The best method Vincent should use for valuation is the cost approach.
The cost approach is a method of worth estimation that considers the cost of building an already existing structure: checking the value of the land used for building, the cost of construction and subtracting the devaluation overtime.
In Baer Food Co.’s Year 3 single-step income statement, the section titled Revenues consisted of the following: Net sales revenue $187,000 Discontinued operations: Income from operations of component unit (including gain on disposal of $21,600) 18,000 Income tax (6,000) Interest revenue 10,200 Gain on sale of equipment 4,700 Total revenues $213,900 In the revenues section of the Year 3 income statement, Baer Food should have reported total revenues of
Answer:
Total revenue will be equal to $201900
Explanation:
We have given net sales revenue = $187000
Interest revenue = $10200
Gain on sale equipment = $4700
We have to find the to total revenue
Total revenue is given by
Total revenue = net sales revenue + interest revenue + gain on sdale equipment = $187000+$10200+$4700 = $201900
So total revenue will be equal to $201900
Final answer:
Baer Food Co. should have reported total revenues of $201,900, which includes net sales revenue, interest revenue, and gain on sale of equipment, excluding income from discontinued operations and income tax.
Explanation:
In calculating the total revenues on Baer Food Co.\u2019s Year 3 single-step income statement, we must consider only the items that are typically classified as revenues. The list provided includes net sales revenue, interest revenue, and gain on sale of equipment. Items such as income from discontinued operations and income tax should not be included in the revenue total as they are not considered operating revenues. Therefore, the correct total revenue calculation would be:
Net sales revenue: $187,000Interest revenue: $10,200Gain on sale of equipment: $4,700Adding these figures together gives us:
$187,000 (Net sales revenue) + $10,200 (Interest revenue) + $4,700 (Gain on sale of equipment) = $201,900
Therefore, Baer Food Co. should have reported total revenues of $201,900 in the revenues section of the Year 3 income statement.