38. Use this information to answer the following question Alcorn & Zeto Company Income Statement For the Year Ended December 31, 2010 Revenues $102,500 Net sales 8.750 Dividend income Total revenues Costs and expenses Costs of goods sold Selling expenses General and administrative expenses Interest expense Total costs and expenses Net income $111,250 $ 30,000 10,000 13,750 If the income statement were prepared in a multistep form, income from operations would be a. $48,750. b. $41,250. c. $51,250. d. $42,500. 39. Planning decisions in an organization involve a. what task to perform and how to complete them b. managing, controlling, and monitoring individual performance c. adapting to organization changes resulting from technological advances d. all of the above 40. Management accounting a. helps to create organizational value through better decision making b. helps in planning and controlling decision making c. is used to help compare financial performance between companies d. both a and b e. all of the above 41. Stakeholders of an organization include a. employees b. investors c. creditors d. society e. all of the above 42. What effect does competition have among firms? a. Competition drives prices of products down b. Competition eliminates inefficient firms c. Competition is affected by globalization as firms from around the world compete in the marketplace d. all of the above g