46&47

Question 46 1 pts What does the Income Statement do? Summarizes the firm's revenues and expenses and shows profit or loss over a period of time Shows the firm's financial position at a certain point in time Summarizes the cash flowing into and out of the firm Is the net profit to number of shares ratio Lets the investors know how well the firm is following Sarbanes-Oxley rules Question 47 1 pts Expectancy theory is: Everybody should make the same amount of money People expect to be treated fairly in terms of the amount of work they do and the salary they get The value of a dollar is the same for everybody People work harder depending on how much they want something and how easy it is to get. Workers expect to get the most pay possible