Distinguish between operating income and net income.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Operating income is the difference between 1 Revenue earned from customers and 2 Expenses closely ...View the full answer
Answered By
Arya J
I am MBBS student in one of the prestigious medical colleges in India.I love to learn and to teach.This will be a great experience to me and you.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Managerial Accounting questions
-
Distinguish between operating income and net income.
-
Distinguish between operating and non-operating income in relation to the income statement.
-
Distinguish between the noncontrolling, or minority, interest in net income of a consolidated subsidiary and the noncontrolling, or minority, interest in net assets of a consolidated subsidiary.
-
Rennie Plant Service completed a special landscaping job for Brenton Company. Rennie uses ABC and has the following predetermined overhead allocation rates The Brenton job included $1,500 in plants;...
-
All welders in a factory begin as apprentices. Every year the performance of each apprentice is reviewed. Past records indicate that after each review, 10% of the apprentices are promoted to...
-
What account is used to earmark the fund balance to recognize the contingent obligations of goods ordered but not yet received? a. Appropriations b. Encumbrances c. Obligations d. Fund...
-
Bristol-Myers Squibb (BMS) Company reports that it maintains a \($2\) billion, five-year revolving line of credit with a syndicate of lenders. The company disclosed in its annual report that: The...
-
A machine that lasts four years has the following net cash outflows: $12,500 to purchase the machine and $7,500 for the annual year-end operating cost. At the end of four years, the machine is sold...
-
A recording of a deed in the clerk's official records provides what type of notice to the public: A recording of a deed in the clerk's official records provides what type of notice to the public:...
-
Mr. Harish Jain, CEO of Energetic Enterprises has established the firm for the manufacture and marketing of an innovative product. The firm earned a reputation for its product within two years of its...
-
Identify four ratios or other analytical tools used to evaluate profitability. Explain briefly how each is computed.
-
Why might earnings per share be more significant to a stockholder in a large corporation than the total amount of net income?
-
Coronavirus Vaccine: When Will We Have One? Under normal circumstances the vaccine creation process takes years, but with 200 groups of researchers committed to the task, an effective vaccine is...
-
A girl with a 56.3 g yo-yo is swinging it in a horizontal circle at an angular velocity of 7.72 rad/s. If the string is tilted down at an angle of 19.7, what must the length of the yo-yo string be?
-
describe strengths and opportunities about "strategies for competing in international markets" and "ethics, corporate social responsibility, environmental sustainability and strategy" in terms of...
-
Provide a summary of aural strategy style according the VARK questionnaire. 2. Describe your preferred learning strategies. Compare your current preferred learning strategies to the identified...
-
A stock has just paid a dividend of $2.20. The next dividend on the stock will be paid one year from today and each subsequent dividend will be old one year after the previous dividend. Each annual...
-
In the fiscal year 2 0 2 1 , Horizon Enterprises reported having 4 0 0 , 0 0 0 shares of common stock and 4 0 , 0 0 0 shares of 5 % cumulative preferred stock on the books. The par value for each...
-
The following code fragments show a sequence of virus instructions and a metamorphic version of the virus. Describe the effect produced by the metamorphic code. Original Code mov eax, 5 add eax, ebx...
-
A bar of length = 1 has one fixed and one free end and stiffness function c(x) = 1 - x. Find the displacement when subjected to a unit force. Pay careful attention to the boundary condition at the...
-
What are some advantages of implementing the HSA option?
-
The Vapor Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol...
-
Manitoba Soy Products (MSP) buys soy beans and processes them into other soy products. Each tonne of soy beans that MSP purchases for $300 scan be converted for an additional $200 into 500 lbs of soy...
-
The Klein Company operates a simple chemical process to convert a single material into three separate items, referred to here as X, Y, and Z. All three end products are separated simultaneously at a...
-
(1.) Discuss the differences between financial and managerial accounting. What types of documents are prepared by business organization using financial and managerial accounting? (2.) Please visit...
-
you are looking to make an investment which has an expected return of 1 0 . 2 0 you also know the current risk - free reate is 4 . 5 0 inflation is 3 . 6 and the market risk premium is 7 . 5 0
-
Here is the optimal tableau for a standard Max problem. [ z x 1 x 2 x 3 x 4 s 1 s 2 s 3 r h s 1 0 5 3 0 6 5 0 2 7 0 0 0 1 . 3 7 . 5 0 - . 1 . 2 0 6 0 0 2 8 3 6 0 0 - 8 1 2 1 6 0 0 0 - 1 1 5 - 3 1 1 1...
Study smarter with the SolutionInn App