The following incorrect income statement was prepared by the accountant of the axel corporation: axel corporation income statement for the year ended december 31, 2021 revenues and gains: sales revenue $ 660,000 interest revenue 39,000 gain on sale of investments 86,000 total revenues and gains 785,000 expenses and losses: cost of goods sold $ 360,000 selling expense 66,000 administrative expense 86,000 interest expense 23,000 restructuring costs 62,000 income tax expense 47,000 total expenses and losses 644,000 net income $ 141,000 earnings per share $ 1.41 required: prepare a multiple-step income statement for 2021 applying generally accepted accounting principles. the income tax rate is 25%. (

Afreezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. this is an example of what sub-classification of business market?

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups. b. we cannot infer anything from these data since the distribution of salaries is likely right skewed. c. you cannot draw any valid conclusions because the sample sizes are different. d. more students should complete internships because having an internship produces a higher salary.