I guess there should be an options to choose . Anyway I think that the sentence should sound like this: In the world of marketing, <span>concepts</span> are ideas about products or services
The retained earnings are affected by the net income or loss or any amount paid to the shareholders as dividends. The retained earnings balance as of December 31, 2016 shall be calculated as follows:
Retained earnings, December 31, 2015 $ 313,700
Less: Net loss for the year ended December 31, 2016 -$4,850
Less: Dividends declared and paid in 2016 -$17,000
Retained earnings, December 31, 2016 $291,850
Hence, the retained earnings balance as of December 31, 2016 is <u>$291,850</u>
Answer:
The operating income for the year is $97,000
Explanation:
For computing the operating income, first, we have to calculate the cost of goods sold. The formula to compute the cost of good sold is shown below:
= Beginning merchandise inventory + Purchases during the year - Ending merchandise inventory
= $33,200 + $92,000 - $35,000
= $90,200
Now, the operating income would be
= Sales - the cost of good sold - selling and administrative expenses
= $262,900 - $90,200 - $75,700
= $97,000
Answer:
income before extraordinary items
According to Jack Gibb’s work on supportive and defensive communication, a supervisor who doesn't show any concern for the feelings of others is promoting a disconfirming climate.