Which of the following is not a principal dimension of a servicescape?
A) spatial layout and functionality
B) signs, symbols and artifacts
C) facility location
D) ambient conditions

Answers

Answer 1

Answer:

C) facility location

Explanation:

There are three components or principle of servicescape that are applied for the study as a measure for satisfaction that involves the condition related to the ambient, spatial layout & functionality, and the symbol, sign & artifacts

But do not include the facility location

Therefore the option C is selected as it does not involed in the service scape


Related Questions

You work for a drywall company and are trying to secure a contract with a large commercial builder. The purchasing agent from the commercial builder is in town and staying at the Ramada Inn. You contact him by phone and set up a meeting. You tell him, "I’ll meet you at your hotel in an hour." You arrive at the Ramada Inn’s lobby a few minutes early. You take a seat, watching the elevator for the purchasing agent. You wait. Twenty minutes later, you’re still waiting. You ask the front desk to ring the agent’s room. The agent answers, "You’re late. I’ve been waiting for you for 15 minutes."

What communication barrier is described in this situation?

a. Distractions
b. Bypassing
c. Lack of language skills

Answers

Answer:

B

Explanation:

Bypassing is a type of communication barrier were two people communicating think they understand each other but actually they miss each other's meaning.

I and the purchasing agent thought we had effectively communicated and set up a meeting but in reality, we hadn't agreed on a meeting venue.

Answer:

B

Explanation:

I Know i am in the future

How can I apply JOB in practical ways to increase my effectiveness?

Answers

Unclear question. I inferred from a general perspective.

Explanation:

Most job applications involve a proper understanding of the job description. This allows you to compare your skills and experience with what the employer is looking for.

Also, it is important to complete all the required fields in the job application so that can state your interest in the job. Additionally, having a good social media profile that has does not have any disqualifying details, may be helpful so that employers do not look up your profile and then find reasons to dismiss your application.

How can i use knowledge of OB to enhance my job performance and career?

Answers

Explanation:

Organizational behavior (OB) put simply, refers to the study of how people in an organization behave within groups. Thus, knowing how people behave in a particular organization can help one enhance his or her job performance and career.

For example, a manager who understands that his employees are more concerned about their welfare such as their safety rather than bonuses would have a better opportunity to build good relationships with employees, thereby enhancing his or her job performance and career.

Identify the key elements in McDonald's global expansion strategy.

Answers

Answer:

The Plan to Win initiative is built around five factors that drive McDonald's business: people, products, place, price, and promotion.

Market failure implies that the market mechanism:_________.

Answers

Answer:

Leads the economy to the wrong mix of output

Explanation:

Market failure is the when there is an inefficient distribution of goods and services in the free market.

One of the types of market failure is externality

Externality is when the production or consumption activities of economic agents have effects on people not involved in the economic activity. Externality can either be positive or negative

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation  

Agency conflicts between managers and shareholders Consider the following scenario and determine whether an agency conflict exists: Alexander and Akiko equally own and manage A New Beginning (ANB), a store that sells preowned clothing and furniture. Alexander is responsible for ANB's back-office activities, and Akiko staffs the store and makes deliveries to customers. Both have equal decision- making authority and, under the terms of their partnership agreement, both are prohibited from making personal purchases using company funds without prior approval of the other partner. Alexander, without Akiko's knowledge, used the company's bank account recently to purchase a new sports car. Alexander has acknowledged that the car will not be used to support the business. Is this a potential agency conflict between Alexander and Akiko? A. Yes; Alexander is misappropriating some of Akiko's wealth by unilaterally purchasing a nonbusiness asset using ANB's funds. B. No; Alexander and Akiko are both authorized to spend ANB's money, so no conflict of interest can occur. C. No; Alexander and Akiko co-own and co-manage ANB and have a partnership agreement that makes them equal, so an agency conflict cannot exist. D. Yes; it should have been Akiko who purchased the car. Consider the following scenario and determine whether an agency conflict exists: Five years ago, Tae created a plant-care business that grew, stocked, and maintained fresh plants in office buildings throughout Houston. Over time, The Green Zone Inc. (TGZ) has grown from a proprietorship into a corporation, now reaching far beyond Houston. To finance and support this growth, TGZ issued shares that were sold to TGZ employees, Tae's family members, and selected outsiders. Tae is TGZ's chairman of the board of directors and CEO, but he is no longer the largest shareholder. At the latest annual meeting, two mutually exclusive proposals were placed on the ballot for discussion and vote. The first was put forth by Tae and TGZ's management team, and the second was proposed by a small group of other shareholders. Both groups are adamantly opposed to the other group's proposal, even though both proposals would likely have the same effect on TGZ's value and riskiness. Does an agency conflict exist between TGZ's management and the small group of opposing shareholders? A. Yes; any conflict or disagreement between the firm's managers and its shareholders constitutes an agency conflict. B. No; although an agency relationship exists between TGZ's management-including Tae as TGZ's chairman and CEO and the firm's shareholders-there is no agency conflict, because no expropriation or wasting of the shareholders' wealth has occurred. C. Yes; an agency relationship exists, and an agency relationship always gives rise to agency conflicts, regardless of the actual behavior of the participants. D. No; Tae was the original owner of TGz, so he would always be sensitive to the concerns of the firm's current owners (shareholders) and would not engage in an agency conflict. For the past 40 years, companies have attempted to attract, retain, and encourage managers by developing attractive compensation packages. These compensation packages have also been intended to reduce potential agency conflicts between these managers and the firm's shareholders. In the best interest of shareholders, compensation packages should be structured in a way such that managers have an incentive to maximize the______value of the company's common stock price. In addition to well-designed executive compensation packages, two other motivational forces can align the interests of managers with those of their shareholders. Which of the following actions could be used to reduce the potential for these agency conflicts and ensure that the firm's managers will pursue the long-term wealth interests of their shareholders? In the late 1980s and early 1990s, Congress passed legislation making it more difficult for outside investors to stage hostile takeovers. This legislation likely______conflicts between managers and stockholders.

Answers

Answer:

Agency conflicts between managers and shareholders

1. A New Beginning (ANB)

A. Yes; Alexander is misappropriating some of Akiko's wealth by unilaterally purchasing a nonbusiness asset using ANB's funds.

2. The Green Zone Inc. (TGZ):

B. No; although an agency relationship exists between TGZ's management-including Tae as TGZ's chairman and CEO and the firm's shareholders-there is no agency conflict, because no expropriation or wasting of the shareholders' wealth has occurred.

3. In the best interest of shareholders, compensation packages should be structured in a way such that managers have an incentive to maximize the__LONG-TERM____value of the company's common stock price.

4. In addition to well-designed executive compensation packages, two other motivational forces can align the interests of managers with those of their shareholders.

a. Reward the manager with a combination of salary and stock options

b. Let the manager to understand that a takeover can happen if she does not perform well.

5. In the late 1980s and early 1990s, Congress passed legislation making it more difficult for outside investors to stage hostile takeovers. This legislation likely__increases____conflicts between managers and stockholders.

Explanation:

Agency conflicts of interest exist in any relationship where one party is expected to act in another's best interests.  Agency problems or conflicts of interest usually exist between a company's management and the company's stockholders.  But, it can equally exist in a relationship where one party acts against the interest of the other.

What is the relationship between the costs of child care and the quality of
experience for the children and teachers?

Answers

While there is an extensive literature on child care quality developed from the perspectives of psychology and education,the study of the cost of child care by economists, and especially the relation between cost and quality of services, is fairly limited.

Which of the following best describes a liability? A. Liabilities are future economic benefits to which a company is entitled. B. Liabilities are a form of share capital. C. Liabilities are accounts receivable of the company. D. Liabilities are economic obligations to creditors to be paid at some future date by the company.

Answers

Answer:

The answer is D

Explanation:

Liabilities are present obligations(economic obligations) arising from past actions and the settlement of which results in an outward economic benefits. Liabilities are forms of debts that must be paid back to lenders or creditors.

Liabilities can be current (within 12 months e.g accounts payable) and non-current(more than 12 months e.g bonds).

A Process Breakdown Structure can provide a reasonable alternative to a Work Breakdown structure for an extensive development project if:__________.a. There are appropriate predecessor relationships in place.b. Phase exit criteria is firmly established.c. Deliverables are tightly aligned to milestones.d. Risk planning is included early in the project.

Answers

Answer: phase exit criteria is firmly establish

Explanation:

A work breakdown structure simply has to do with the completion of tasks in order to get the final product. The aim of the work breakdown structure is to keep project members focused and achieve their goals.

Process Breakdown Structure can provide a reasonable alternative to a work breakdown structure for an extensive development project if the phase exit criteria is firmly establish.

1. Why might someone believe the business world needs exterior ethical monitoring and correction?2. What is the argument that the business world can regulate itself, and why is that an ethics?3. In your own words, why is business ethics unavoidable?

Answers

Explanation:

Business ethics are inevitable, since all human behavior in society comes from ethical principles, that is, ethics is inherent to every individual and guides personal or professional relationships.

It is believed that the business world needs external ethical monitoring and correction due to the fact that, there is a view that companies are looking for profit above all else, which could use unethical behavior to achieve their goals and goals, using fraud and cheating to be more competitive and profitable, and external ethical monitoring and correction are then responsible for controlling such advantage-gaining maneuvers.

Therefore, there is an argument for self-regulation in the business world and this is an ethics in the sense that the market will regulate unethical actions, since there is a social search for what is ethical and responsible, which generates an collective force that transmutes behavior and leads companies to regulate themselves so that they are agents of behavior valued by their stakeholders.

For each situation listed below, indicate the effect on the debit and credit column of the trial balance.a. Journal entry for sale on account was posted for $3,000 rather than $300. b. Cash balance was entered in credit column. Total column wasn't added correctly. c. Debits should have totaled $50,000 but accountant calculated $55,000. d. Revenue account balance entered in debit column rather than the credit column. d. Accounts Payable balance was entered in wrong column. Account had normal balance.

Answers

Answer and Explanation:

The indication of the following transactions are as follows in the trail balance

Particulars          Debit                   Credit

a.                     Overstated            Overstated

b.                     Understated          Overstated

c,                     Overstated             No effect

d.                    Overstated            Understated

e.                    Overstated            Understated      

These are the effects for each of the given transaction

The experience gained by first-line managers as they perform their jobs enables them to acquire all the skills they will need when promoted to higher levels of management.
a. True
b. False

Answers

Answer:

False

Explanation:

First line managers occupy the position just above non managerial staff. They supervise teams in a department and ensure they perform to meet organisational goals.

First line managers are closest to employees.

Although the hands on experience gained as a front line manager is important when the person is promoted to a higher position, it does not provide all the skills of higher management.

Higher manager positions needs leadership skill where implementing directives of top management is balanced with the ensuring first line managers perform well.

Negotiation skills needs to be developed by higher management to resolve conflicts between competing needs.

Prompt
What is revenue?

Answers

It is gross profit.

Explanation:

revenue less all the expenses is profit. Example, you run a business you sold merchandise and the return from that merchandise is called revenue because the expenses like salary expense, depreciation, conveyance expense et cetera are not deducted from the cost of goods that you sold.

Answer:

the answer above is correct 100%

Explanation:

PlanetsProject: Scale Model of the Solar System if anybody do this project help us out

PTR#2095

For each of the following, insert one or more capital letters to identify the financial statements where the item is found. Some items are found on only one statement, while others appear on more than one statement.A. Net IncomeB. End-of-period retained earnings balanceC. Depreciation expenseD. Dividends declaredA) Income StatementB) Balance SheetC) Statement of Cash FlowsD) Statement of Retained Earnings

Answers

Answer and Explanation:

The classifications are as follows

A. For net income:

Income Statement, Statement of Retained Earnings and cash flow statement in case when indirect method is followed)

B. For ending retained earning balance

Comes under Retained Earnings Statement and Balance Sheet  

C. For depreciation expense

The Income statement, and cash flow statement in case when indirect method is followed)

D. For Dividend declared

Comes under Retained Earnings statement    

How easy is it for other companies to mimic or emulate what Danaher does? Why?

Answers

Answer: the hhhhhhhhhhhhhhhhhhhhhh

Explanation:

Answer:

Explanation:

the hhhhhhhhhhhhhhhhhhhhhh

If a company has a required rate of return of 15%, should the following project be accepted based on these expected cash flows below?Year 0 1 2 3 4 5 6 Cash Flow (274,000) 68,000 73,000 76,500 78,000 82,500 77,000 Please explain why or why not the company should move forward with this endeavor.

Answers

Answer:

Yes

Explanation:

In order for deciding whether the company should forward or not, we have to find out the net present value which is shown below:

Year              Cash flows             Discount factor       Present value  

0                        -274000                      1                        -274000

1                           68000                    0.8696                   59130.43

2                          73000                    0.7561                    55198.49

3                           76500                    0.6575                   50299.99

4                          78000                      0.5718                   44596.75

5                          82500                     0.4972                   41017.08

6                           77000                     0.4323                    33289.22

Total present value                                                           283531.97

Net present value                                                                9531.97

Since the net present value comes in positive so the project should be accpeted

The _____ is the starting point in creating a marketing mix. a. priceb. productc. distribution channeld. promotional mediae. production line

Answers

Answer:

B.  product

Explanation:

The marketing mix refers to a marketing strategy that involves four types of Ps i.e. product, price, promotion, and place

The product is the beginning point for developing a marketing mix as without product no organization could able to set the prices, no promotion took place nor any location could be set

Also the product should be decided by the company which type of product should be launched by considering all rivals in the market place

Therefore, the option B is correct

The overall evaluation scores of a laptop based on its processor, portability, screen size, touch, and computer memory are 75, 62, 63, 55, and 89, respectively. The importance of which of the following attributes is most likely to be emphasized by a salesperson when selling the laptop?

Answers

Answer: c. Computer Memory

Explanation:

The salesperson will most likely try to shore up the advantages and importance of the best performing attribute of the laptop to show its efficiency.

In this case that would be the computer's memory. Given an evaluation rating of 89, this is the best performing attribute of the computer based on the given information and so its importance will be emphasized by the salesperson as a testament of the laptop's ability to meet the customer's demands.

The purpose of a statement of retained earnings is to: __________.

Answers

Answer:

To determine the closing balance of retained earnings

Explanation:

First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.

The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth

(Analyzing the cash flow​Statement) ​Google, Inc.​ (GOOG), is one of the most successful Internet​ firms, and it experienced very rapid growth in revenues from 2011 through 2014. The cash flow statements for​ Google, Inc. spanning the period are found​ here: .Answer the following questions using the information found in these​ statements:a. Is Google generating positive cash flow from its​operations?b. How much did Google invest in new capital expenditures over the​ period?c. Describe​ Google's sources of financing in the financial markets over the​ period?d. Based solely on the cash flow statements for 2011 through​2014, write a brief narrative that describes the major activities of​ Google's management team over the period.Is Google generating positive cash flow from its​ operations?​ (Select the best choice​ below.)a. Google has generated positive cash flow from its operations during the years​ 2012, 2013, and 2014.b. Google has generated positive cash flow from its operations during the years​ 2011, 2012, and 2014.c. Google has generated positive cash flow from its operations during the years​ 2011, 2013, and 2014.d. Google has generated positive cash flow from its operations during the years​ 2011, 2012,​ 2013, and 2014.(US$ millions) 12/31/2014 1 2/31/2013 12/31/2012 12/31/2011Net income $14,463 $12,898 $10,786 $9,720Depreciation 3,470 2,780 1,909 1,357Amortization 1,470 1,131 914 483Deferred taxes (179) (441) (298) 332Noncash items 2,664 2,234 2,310 2,024Changes in working capital 349 (29) 860 631Cash from operating activities $22,237 $18,573 $16,481 $14,547Capital expenditures $(10,937) $(7,345) $(3,201) $(3,437)Other investing cash flow items (10,086) (6,327) (9,821) (15,612)Cash from investing activities $(21,023) $(13,672) $(13,022) $(19,049)Interest and financing cash flow items $(1,449) $(282) $(98) $88Total cash dividends paid 0 0 0 0Issuance (retirement) of stock 4 0 50 0Issuance (retirement) of debt (15) (532) 1,341 793Cash from financing activities $(1,460) $(814) $1,293 $881Foreign exchange effects $(467) $(3) $2 $20Net change in cash $(713) $4,084 $4,754 $(3,601)

Answers

Answer:

Analyzing the Cash Flow Statement (Google, Inc. (GOOGLE)

a. Is Google generating positive cash flow from its​ operations?

Google is generating positive cash flow from its operations.  Throughout the period under review it has generated a total of $71,738 million positive cash flow from its operations.  See the yearly breakdown below:

(US$ millions)                          12/31/2014 1 2/31/2013 12/31/2012 12/31/2011

Cash from operating activities $22,237      $18,573      $16,481    $14,547

b. How much did Google invest in new capital expenditures over the​ period?

It invested a total of $24,920 in new capital expenditures over the period.  See breakdown below:

(US$ millions)               12/31/2014   1 2/31/2013   12/31/2012   12/31/2011

Capital expenditures    $(10,937)      $(7,345)        $(3,201)        $(3,437)

c. Describe​ Google's sources of financing in the financial markets over the​ period?

Google's sources of financing in the financial markets over the period are from issuance of stock and debt.  It generated $50 million in 2012 from issuance of stock.  In 2011 and 2012, it generated $793 million and $1,341 million from issuance of debt respectively.

d. Based solely on the cash flow statements for 2011 through​2014, write a brief narrative that describes the major activities of​ Google's management team over the period.Is Google generating positive cash flow from its​ operations?​ (Select the best choice​ below.)

d. Google has generated positive cash flow from its operations during the years​ 2011, 2012,​ 2013, and 2014.

Explanation:

a) Data and Calculations:

(US$ millions)                          12/31/2014 1 2/31/2013 12/31/2012  12/31/2011

Net income                                   $14,463      $12,898     $10,786      $9,720

Depreciation                                    3,470          2,780          1,909         1,357

Amortization                                     1,470            1,131             914            483

Deferred taxes                                  (179)            (441)          (298)            332

Noncash items                               2,664          2,234          2,310         2,024

Changes in working capital              349             (29)            860             631

Cash from operating activities $22,237      $18,573       $16,481      $14,547

Capital expenditures                $(10,937)     $(7,345)       $(3,201)     $(3,437)

Other investing cash flow

    items                                     (10,086)         (6,327)        (9,821)      (15,612)

Cash from

 investing activities                $(21,023)     $(13,672)    $(13,022)   $(19,049)

Interest and financing

 cash flow items                      $(1,449)          $(282)          $(98)           $88

Total cash dividends paid                 0                   0                 0                0

Issuance (retirement) of stock          4                   0               50               0

Issuance (retirement) of debt         (15)            (532)           1,341           793

Cash from financing activities $(1,460)          $(814)        $1,293         $881

Foreign exchange effects         $(467)              $(3)               $2          $20

Net change in cash                    $(713)        $4,084         $4,754    $(3,601)

b) Google's statement of cash flows is one of the three fundamental financial statements which a company is required to prepare and present to its stockholders and the general public.  This statement shows the cash generated by the company's management from operating activities, financing activities, and investing activities.  From this statement, the management, stockholders, creditors, and investment analysts will gain invaluable data to assess management's performance in key financial variables.

Jim Brown, a tax practitioner, received a complaint from the IRS for disreputable conduct. Which of the following items was not required to be listed in the complaint?
A. The unit and employee of the Internal Revenue Service that recommended the action against Jim
B. Clear and concise description of the facts that constitute the proceeding
C. Clear and concise description of the law that constitute the proceeding
D. Specific sanction sought

Answers

Answer: a. The unit and employee of the Internal Revenue Service that recommended the action against Jim.

Explanation:

From the question, we're informed that Jim Brown, a tax practitioner, received a complaint from the IRS for disreputable conduct.

Of the options given, the item that is not required to be listed in the complaint is the unit and employee of the Internal Revenue Service that recommended the action against Jim.

This is not necessary as the necessary things are clear and concise description of the facts that constitute the proceeding, clear and concise description of the law that constitute the proceeding and specific sanction sought.

The item "the unit and employee of the Internal Revenue Service that recommended the action against Jim" was not required to be listed in the complaint of the IRS for disreputable conduct.

The Internal Revenue Service is the federal government's revenue service, in charge of collecting taxes and enforcing the Internal Revenue Code, which is the main body of statutory regulatory tax legislation.

Conviction, false or misleading information, Solicitation of employment, willfully failing, misappropriation, direct or indirect influence, Disbarment, and many more are examples of disreputable conduct for which a solicitor, certified public bookkeeper, or enrolled professional may be removed from office or stopped from exercise before the Agency.

Therefore, the correct option is A.

To know more about the  IRS for disreputable conduct, refer to the link below:

https://brainly.com/question/25248941

Select the correct answer.
What is the average period that customers spend in a restaurant for a meal called?
OA. call-ahead seating
OB. open seating
OC. reservation
OD. residence time

Answers

Answer:

c

Explanation:

usually when ppl have to reserve things it's usually booked

In most businesses, what is the most costly factor of production?

Answers

the answer is, Human capital

Data communication applications support just-in-time delivery of goods, which reduces ________.

Answers

Answer:

inventory costs and improves the competitive edge

Explanation:

Data Communication Application is a term used to describes applications that are used for transferring messages between users over the internet, often based on mobile and PC platforms. Messages and vital information can be transferred across continents or anywhere in the world, without stress other than the cost of internet data.

Hence, Data communication applications support just-in-time delivery of goods, which reduces "inventory costs and improves the competitive edge."

One of the strengths of the sole proprietorship is its ability to sustain rapid growth by raising large amounts of financial resources.a) trueb) false

Answers

Answer: False

Explanation:

A sole proprietorship is a form of business which is typically small and managed by one person. The person bears all the risk and is also entitled to all the profit made.

It should be noted that the sole proprietor usually has little capital and therefore the statement in the question that "One of the strengths of the sole proprietorship is its ability to sustain rapid growth by raising large amounts of financial resources is false".

Which of the following is true concerning the statement of cash flows? a. When pension expense exceeds cash funding, the difference is deducted from investing activities on the statement of cash flows.b. The FASB requires companies to classify all income taxes paid as operating cash outflows.c. Under GAAP, the purchase of land by issuing stock will be shown as a cash outflow under investing activities and a cash inflow under financing activities.d. All of these are true concerning the statement of cash flows.

Answers

Answer: a. When pension expense exceeds cash funding, the difference is deducted from investing activities.

c. Under GAAP, the purchase of land by issuing stock will be shown as a cash outflow under investing activities and a cash inflow under financing activities.

Explanation:

The cash flow statement gives information about the financing, operating, and investing, activities of a firm during a period.

Of the options, the ones that are true are:

a. When pension expense exceeds cash funding, the difference is deducted from investing activities.

c. Under GAAP, the purchase of land by issuing stock will be shown as a cash outflow under investing activities and a cash inflow under financing activities.

Therefore, options A and C is the right answer

What can McDonald’s do to win customers over?

Answers

Fix the ice cream machine

Which of the following is an example of external-operational communication?
a. Discussions that senior management holds to determine the goals and processes of the business
b. The orders and instructions that supervisors give employees about dealing with angry customers
c. Advertisements that companies put up on their websites for the general public
d. The reports that employees prepare concerning sales, production, inventories, finance and maintenance
e. The messages that employees write to their supervisors regarding the progress of their work

Answers

Answer:

c. Advertisements that companies put up on their websites for the general public

Explanation:

An external-operational communication can be defined as conversations, interactions or communication that are work related in nature that a business entity has with individuals or group of people such as customers, government agencies, suppliers, etc outside of the organization.

An example of external-operational communication is the advertisements that companies put up on their websites for the general public.

_________is the part of the marketing mix that aims at satisfying consumers by providing features and benefits. (Enter one word in the blank.)

Answers

Answer:

Product

Explanation:

The marketing mix can be defined as a strategy developed by Kotler, which defines 4 essential pillars for a marketing strategy to be carried out effectively and generate positive results for a company, are the so-called 4 P's of marketing, which are: Product , place, price and promotion.

The product is what the company will offer in the market to bring you financial returns, and it must exist fulfilling a series of essential requirements for it to be successful and accepted by consumers, for this the company must carry out a series of researches that will help to shape the product according to the needs and preferences of the potential audience, and then develop a strategy that is successful and makes the product well accepted and creates value for the consumer.

Below are the account balances for Cowboy Law Firm at the end of December.
Accounts Balances
Cash $ 3,700
Salaries expense 1,350
Accounts payable 1,700
Retained earnings 4,550
Utilities expense 1,000
Supplies 12,100
Service revenue 7,600
Common stock 4,300
Required:
Use only the appropriate accounts to prepare an income statement.

Answers

Answer:

                   Cowboy Law Firm

                   Income Statement

Service revenue                       $7,600

Expenses:

Salaries expense    $1,350

Utilities expense     $1,000  

Total expenses                         $2,350

Net income                     $5,250

The preparation of the income statement for the year ended December 31 is as follows:

Cowboy Law Firm

                  Income Statement

Service revenue                       $7,600

Expenses:

Salaries expense    $1,350

Utilities expense     $1,000  

Total expenses                         ($2,350)

Net income                               $5,250

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