Are depository receipts for foreign stocks held by the U.S. depository's custodian.
A janitor (American English, Scottish English), additionally called a custodian, porter, cleanser, cleanser or caretaker, is someone who cleans and maintains buildings. In a few instances, they will additionally carry out maintenance and protection obligations. A comparable role, however generally with greater managerial duties and now not includes cleaning, is occupied by building superintendents in the united states and Canada and by using website managers in faculties within the united kingdom. cleaning is one of the maximum generally outsourced services. A comparable role, however generally with greater managerial duties and now not include cleaning, is occupied by building superintendents.
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With growing dissatisfaction with performance management processes, Agile Manifesto was developed by software developers and emphasized principles of all of these EXCEPT:________.
a. emotional intelligence.
b. regular reflection on how to work more effectively.
c. self-direction.
d. self-organization.
e. collaboration.
Considering the Agile Manifesto analysis and available options, the correct answer is emotional intelligence.
What is the Agile Manifesto?Agile Manifesto is the document that establishes the fundamental values and standards in the Agile philosophy context.
Agile Manifesto is formulated to assist the development teams in performing their tasks with efficiency and sustainability.
Four Agile Manifesto PrinciplesRegular reflection Self-directionSelf-organizationCollaborationHence, in this case, it is concluded that the correct answer is option A. "emotional intelligence."
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What kind of display is located near the cash registers to encourage impulse
buying?
Answer:
cheap things like snacks and lighters
Explanation:
To encourage impulse purchases, inexpensive items such as snacks and lighters are placed near the cash registers.
What is the cash register?A cash register is also known as a machine-controlled money handling system. It is a mechanical device used at a point of sale to register and calculate transactions.
It is typically attached to a storage space and applied to store cash and other valuables. In order to encourage impulse purchases, inexpensive items such as snacks and lighters are strategically placed near cash registers.
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Maria works for a startup tech company as an accountant. Her supervisor needs to know how much money is being spent on computers and software to prepare the company budget for the following year. The supervisor asks Maria to research and share this information with the team. Which type of document is best suited for Maria to share her research?
The best type of document for Maria to share her research on the amount of money spent on computers and software would be a financial report.
A financial report is a document that provides an overview of a company's financial performance and includes information on its expenses, revenues, and profits. It is a comprehensive document that provides an in-depth analysis of the company's financial health, and it is commonly used to inform decision-making and planning. In this case, Maria can create a financial report that details the amount of money spent on computers and software over a specific period. She can include a breakdown of the expenses, such as the cost of hardware, software licenses, maintenance, and upgrades. Additionally, Maria can provide a comparison of the expenses from previous years, and she can explain any significant changes in the cost of these items. A financial report will enable Maria's supervisor to make informed decisions about the company's budget for the following year. The report will provide insights into the company's financial health and help identify areas where cost savings can be made. Ultimately, the financial report will be a valuable tool for the entire team in making strategic decisions about the company's finances.
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Which of the following phrases is an example of structural que ?
Answer:
excuse me but where is the phrase?
Among the following, who is not a Management expert? Peter F. Drucker Mc Kinsey Albert Grahmbell Elton Mayo
Answer:
Elton mayo should be the answer
Albert Grahmbell is not a Management expert.
Peter Ferdinand Drucker was an Austrian-American author, educator, and management consultant whose works helped provide the theoretical and operational groundwork for the contemporary commercial company.
Decentralization, prioritising knowledge work, management by objectives, and SMART goals are the tenets of Drucker's theory of management.
James O. McKinsey, a professor at the University of Chicago, founded McKinsey & Company in 1926. This multinational management consulting firm provides expert services to businesses, governments, and other organisations.
The idea that social and relational elements have a greater impact on employee motivation than economic or environmental factors is supported by Elton Mayo's management theory.
Who was Albert Grahmbell?Scottish-born American audiologist and inventor Alexander Graham Bell was born in Edinburgh, Scotland, on March 3, 1847, and passed away in Nova Scotia, Canada, on August 2, 1922. In order to spread the visible-speech method created by his father, Alexander Melville Bell (1819–1905), he relocated to the United States in 1871. He started his own deaf teacher training programme in Boston in 1872, and he had a significant impact on the spread of these techniques. He was the first to send understandable words via an electric wire in 1876 (he said to his assistant Thomas Watson, "Watson, come here, I want you"). In the same year that he cofounded Bell Telephone Co., he also received a patent for the telephone. In 1880, he established Volta Laboratory in Washington, D.C., using the money from France's Volta Prize. His experiments there resulted in the development of the photophone, which used light to transmit voice, the audiometer, an early practical sound recorder called the Graphophone, and workable wax recording media in both cylindrical and flat forms for the Graphophone. The American Association to Promote Teaching of Speech to the Deaf was created by him in 1890, and he was primarily responsible for launching the journal Science. He also conducted extensive study on deafness throughout his life.
Supporting answer
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If the French bank Société Générale reported its 2019 net income was 23,561 million euros and its operating expenses totaled 16,016
million euros, what was its gross profit? (Enter your answer in millions of euros.)
Gross Profit
million euros
Answer:
39,577 million euros
Explanation:
Calculation to determine the what was its gross profit
Using this formula
Gross profit=Net income+Operating expenses
Let plug in the formula
Gross profit=23,561 million +16,016 million
Gross profit=39,577 million euros
Therefore gross profit will be 39,577 million euros
The functions of a business, whether large or small can be divided into four basic types. Which of the following is NOT a basic type of function?
ved out of
Select one:
a. Marketing
b. Admin
c Production/Operation
d. Human Resource
Answer:
b. Admin
Explanation:
The functions of any business organization are usually split into different departments or work areas. The departments or work areas are the same as functional areas. Each of the functional areas performs specific tasks that help the organization achieve its objectives.
The main functional areas present in all businesses are:
1. Marketing
2. Human resources
3. Operations
4. Finance
Vintage Manufacturing Inc makes a product which goes through three processesShaping, Baing and Packaging On May 1, 2023, Vintage Manufacturing Inc. had 120,000 units in its work in processInventory, 100% complete with respect to materials and 20% complete with respect to Conversion costs The beginning inventory. materials was valued at $130,000 and conversion:$33.600. During May, 160,000 units were startedin the Shaping Department with 170,000 units transferred to the Baking department during the month. The total cost of material is S570,000 and the total Conversion cost is S1,036.400 Materials are added at the beginning of the process. On May 31, 2023 the company's ending work in procesS was 40% complete as to conversion cost and 100% complete as to materials Required: Using the above information complete the Production Cost Report for the Shaping department
The Production Cost Report for the Shaping department is as follows:
Vintage Manufacturing Inc. - Production Cost Report (Shaping Department)
------------------------------------------------------------
Units:
- Beginning Inventory: 120,000 units
- Units started: 160,000 units
- Units transferred out: 170,000 units
- Ending Inventory: 110,000 units
Costs:
- Beginning Inventory:
- Materials: $130,000
- Conversion: $33,600
- Current Costs:
- Total Materials Cost: $570,000
- Total Conversion Cost: $1,036,400
Cost per Equivalent Unit:
- Materials: $570,000 / (160,000 + 120,000) = $1.71 per unit
- Conversion: $1,036,400 / (160,000 + 120,000) = $3.13 per unit
Cost Assignment:
- Transferred out:
- Materials Cost: 170,000 units x $1.71 per unit = $290,700
- Conversion Cost: 170,000 units x $3.13 per unit = $531,100
Ending Inventory:
Materials Cost: 110,000 units x $1.71 per unit = $188,100
Conversion Cost: 110,000 units x $3.13 per unit x 40% complete = $137,720
The Production Cost Report for the Shaping department provides information on the units and costs involved in the manufacturing process.
It shows the quantity of units in different stages, including the beginning and ending inventories, units started, and units transferred out. The report also breaks down the costs into materials and conversion costs.
To calculate the cost per equivalent unit, the total materials and conversion costs for the period are divided by the equivalent units of production (units started plus beginning inventory).
This helps in determining the cost per unit for both materials and conversion.
The cost assignment section calculates the cost of the units transferred out and the ending inventory.
For the units transferred out, the cost per unit is multiplied by the number of units transferred. For the ending inventory, the cost per unit is multiplied by the remaining units in inventory and the percentage of completion for conversion costs.
In this case, the Shaping department had a beginning inventory of 120,000 units. During May, 160,000 units were started, and 170,000 units were transferred out.
The ending inventory was 110,000 units. The costs were allocated accordingly, taking into account the cost per unit and the percentage of completion.
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Revenue bills can be proposed only by
Othe House.
O the Senate.
O the Speaker.
the President.
k
Identify TWO possible reasons for unemployment.
The two possible reasons for unemployment are:
An economic downturn when the number of jobs available have reduced. Poor health of labour which prevents labour from working. What is unemployment?Unemployment is when labour that is willing and able to get work cannot find a job. Unemployment can be increased during a recession when there are less jobs available. Also, if the wage rate is too low, it might discourage labour from working.
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Give us an example of a marketing brief you admired for a recent marketing project or program? Elaboratively discuss importance of 4 P's in the same
Product, pricing, place, and promotion make up the four Ps. They serve as an illustration of a "marketing mix," or the collection of tools and techniques utilized by marketers to accomplish their marketing goals.
A website is an illustration of a marketing project. The website could be a component of a marketing effort that conveys a consistent message for a new product launch. A press release, a social media post, and an email could all be additional campaign projects.
The marketing mix, which includes the four Ps of marketing (product, pricing, place, and promotion), is frequently used. These are the main factors that go into creating and promoting a good or service, and they interact heavily.
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The following investment activities relate to Bellows Corp. Bellows has a December 31 year end.
Year 1:
June 15
Bellows Corp. acquired 100 shares of Sonny, Inc. for $75 per share. The
purchase represented 5% of the outstanding shares of Sonny, Inc.
Bellows Corp. received dividends of $2 per share from Sonny, Inc.
The value of the Sonny stock at December 31, Year 1 was $120 per share.
Bellows sold the stock in Sonny, Inc. for $115 per share
For Year 1, prepare all journal and adjusting entries related to the investment in Sonny, Inc.
Credit
September 15
December 31
Year 2:
February 17
Date
PASSIVE INVESTMENT - EQUITY SECURITIES
Beg.
100,000
Accounts
b. Post all Year 1 entries above to the T-accounts below. The beginning Cash balance is given.
+ Cash (A) -
Debit
Instructor Manual / Appendix D/D-14
The journal and adjusting entries for the investment in Sonny, Inc. for Year 1 are given.
How to illustrate the entryJournal Entries
Date Account Debit Credit
June 15 Investment in Sonny, Inc. $7,500 Cash $7,500
September 15 Cash $200 Dividend Revenue $200
December 31 Investment in Sonny, Inc. $2,500 Unrealized Gain on Investments $2,500
Adjusting Entries
Date Account Debit Credit
December 31 Investment in Sonny, Inc. $1,500 Income Tax Expense $1,500
To record the unrealized gain on investments as a temporary difference.
T-Accounts
Cash
Date Debit Credit Balance
1/1 $100,000
6/15 $7,500 $107,500
9/15 $200 $107,300
12/31 $1,500 $105,800
Investment in Sonny, Inc.
Date Debit Credit Balance
6/15 $7,500 $7,500
9/15 $0 $7,500
12/31 $2,500 $10,000
Unrealized Gain on Investments
Date Debit Credit Balance
12/31 $2,500 $2,500
Income Tax Expense
Date Debit Credit Balance
12/31 $1,500 $1,500
Year 2
February 17 Cash $11,500 Loss on Sale of Investments $500 Investment in Sonny, Inc. $12,000
To record the sale of the investment in Sonny, Inc.
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debt financing definition
What is the purpose of consumer-advocacy groups?
to enforce consumer-protection regulations
to lobby the government for lower taxes
to promote the interest of consumers
to provide essential social services
To promote the interest of consumers is the purpose of consumer-advocacy groups. Actions performed by people or organizations to advance and defend the interests of the buying public are referred to as consumer advocacy.
Most countries have implemented legislation to safeguard customers against unsafe or subpar craftsmanship, dishonest sales tactics, and deceptive advertising. Consumer advocacy, movements, or laws that protect consumers' interests by regulating the goods, services, practices, and expectations of producers, merchants, and advertising.
Protecting the interests of the consumer or buyer is the goal of consumer advocacy groups. These organizations use a variety of tactics to expose companies that engage in unfair business practices or sell dangerous goods. These tactics include litigation, letter-writing campaigns, boycotts, and public relations. The Consumer Federation of America, which has 220 member groups, is the biggest consumer advocacy organisation in the United States.
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Which trade scenario is most beneficial for a country?
А.
appreciation of the country's currency, Increase in its imports, and decrease of its exports
B. depreciation of the country's currency, Increase in its imports, and decrease of its exports
C. depreciation of the country's currency, decrease in Its Imports, and increase of its exports
D. appreciation of the country's currency, decrease in Its Imports, and increase of its exports
It should be noted that the trade scenario that is most beneficial for a country is appreciation of the country's currency, decrease in Its Imports, and increase of its exports.
What is a trade?Trade can be regarded as the means of exchange by an organization or country.
When the currency of a a country appreciate, the money will have value, export also boast the currency.
Therefore, option D is correct.
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speedy motors LDT
identify the micro and the macro challenges of SM from the scenario
Based on the fact that Speedy Motors is in the automotive industry, some micro and macro challenges include:
Macro challenges - Government regulation and Economic growth. Micro challenges - Lack of liquidity and Retaining good labor. What are micro challenges?Micro challenges are those that affect a company alone and not the economy.
Companies in the automobile industry face the micro challenge of having poor liquidity because cars might not be sold fast enough. They also have issues with retaining good labor which can help them remain competitive.
What are macro challenges?These affect the economy and industry at large and so affect the company as well.
Some challenges here include government regulation that is aimed at reducing pollution. This will force an auto company to invest in more expensive equipment to comply.
If economic growth is poor, a car company will experience less sales as well.
In conclusion, there are several challenges affecting Speedy Motors.
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complaint was filed with the AICPA accusing the treasurer of Jam Jelly, a member, with violating integrity and objectivity under Rule 102.An investigation by the AICPA's Professional
:thics Division revealed that the treasurer had told Jam Jelly's president that Jam Jelly would have a loss for the period, not the profit that had been forecasted. The president instructed the
:reasurer to have the value of the inventory increased in the amount needed to make the book income meet the forecasted profit. The treasurer had the bookkeeper make the necessary
2ntry, an amount material to Jam Jelly's financial statements. Which of the following statements is correct?
The treasurer is not practicing public accounting, and thus the integrity or objectivity rule does not apply to him.
The treasurer was merely following the president's instructions, and therefore the treasurer did not violate integrity or objectivity.
The treasurer violated integrity or objectivity by directing another person to make a false entry in Jam Jelly's records.
The entry was made by the bookkeeper, and thus the treasurer did not violate integrity or objectivity.
The statement that which is correct is "The treasurer was merely following the president's instructions, and therefore the treasurer did not violate integrity or objectivity." Thus, option 2nd is correct.
What is AICPA Code of Professional Conduct?The full form of AICPA is American Institute of Certified Public Accountants. According to the AICPA Code of Professional Conduct, a member must maintain objectivity and integrity when performing any professional service, be free of conflicts of interest, and not deliberately falsify facts.
Service and public trust must not be subjugated to personal gain and profit in order to maintain integrity. As a result, we may infer that option two is correct.
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Company: Apple Inc.
Questions:
1. Provide a brief history of the company.
2. What is the company’s mission statement? What are the company’s goals?
3. What is the company’s general environment? What is the company’s task environment? What is the company’s internal environment?
4. How does the company handle corporate social responsibility?
5. Complete a SWOT Analysis for the company.
6. What is the company’s generic strategy (Cost Leadership, Differentiation, Focus)? Does the product life cycle strategy pertain to them? If so, give an example.
7. What is the company’s perspective on diversification (Single-Product, Related, or Unrelated) of their business? If applicable, complete a BCG Matrix for the company.
8. What are some examples of programmed decisions the company makes? What are some examples of non-programmed decisions the company makes?
9. What is the organization’s structure (basic form of an organization)? Do they utilize job specialization, enlargement, or enrichment? If so, how?
10. How do they handle HR issues, such as employee compensation, hiring, etc.?
PLEASE ANSWER FULLY AND PROVIDE THE SOURCES OF WHERE YOU GOT THE INFO FROM IN MLA OR APA FORMAT
Steve Jobs, Steve Wozniak, and Ronald Wayne established Apple Inc. in Cupertino, California on April 1, 1976. The corporation initially concentrated on producing personal computers, such as the Apple II and the Macintosh.
What are low entry barriers and competitiveness?Examples of low entry barriers include the necessity to have customers convert to a new brand without a lot of work or pain. Another example is the need to build a brand in a small market with little competition.
Why are entrance barriers so low?High exit barriers make markets unstable and incapable of self-regulation, which causes significant long-term fluctuations in profit margins. Because these markets are self-regulatory and stable, profit margins do not change much over time.
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Question 4 of 10
During a depression or recession, which of the following is most likely to
happen to interest rates?
A. Interest rates will likely decrease as the Federal Reserve Board
increases inflation rates.
O B. The Federal Reserve Board will likely lower interest rates.
O C. Interest rates will likely rise as the Federal Reserve board
decreases inflation rates.
O D. The Federal Reserve Board will likely raise interest rates.
SUBMIT
B.The federal reserve board will likely lower interest rates
Explanation:
pa brainliest po ako png taga sagot ng mga new question
What accounting book is used to capture changes to the trial balance
The accounting book used to capture changes to the trial balance is the general Journal.
The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.
Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.
The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.
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businesses use organisational structure which is based around project but employee stay in their department
An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration
Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.
In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.
On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.
By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.
This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.
Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.
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A. Monique balls is paid an hourly rate of $17.63 for a regular time work. What will her time and a half hourly rate for overtime work?
B. What will be her double-time hourly pay rate for overtime?
How can events in a process costing system affect financial statements? Provide examples.
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Jill is a warehouse clerk at a big-box appliance store. Which step should Jill take first if she wants to transition into a management position?
Answer:
Jill should first research and understand the job requirements and responsibilities of a management position in the company. This will allow her to identify any gaps in her skills or knowledge that need to be addressed in order to be considered for a management role. She can also speak with current managers in the company to gain insights into their experiences and how they prepared for their positions
Answer:
Jill should look for opportunities to be promoted.
Explanation:
Gaining a promotion gives you the opportunity to take on a more significant job within your organization, earn a larger income, and feel more accomplished. You must perform well at work in order to get your supervisors' attention and improve your career inside your firm. While performance, experience, and abilities are frequently needed for a job promotion in many industries, you can go above and beyond to improve your chances of getting the job you want.
At December 31, 2021, Hull-Meyers Corp had the following onvestments that were purchased during 2021, its first year of operations
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who will be taxed in Transnet
The South African Mining Industry is very crucial to it's economy. Transnet is one of it's major players. Given that it had a set budget for the 2021/22 financial year, much of which was supposed to be financed by the mining sector, unfortunately, the sector delivered a shortfall.
If Transnet had performed on its nameplate capacity of 78 million tons rather than the 58 million tons delivered in 2021, the industry would have gained R32 billion in revenue. The sector lost R16 billion in sales by failing to meet its objective of 68 million tons.
Because of the above shortfall, assuming current market prices, more than a third of the R140 billion in tax scheduled to be paid from all South African mining firms.
Who is Transnet?
Transnet SOC Ltd is a significant South African rail, port, and pipeline corporation located in Johannesburg's Carlton Centre.
It was established as a limited business on April 1, 1990. The South African government's Department of Public Enterprises, or DPE, owns the majority of the company's equity.
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a vendor's invoice is an example of documentary evidence created by a third party and held by the client.
a. true
b. false
Answer: true
a vendor's invoice is an example of documentary evidence created by a third party and held by the client.
In the "Input Analysis" section of the spreadsheet model, calculate the correlations between the sales of each type of product and event attendance. Use appropriate ranges from the "Past Event" worksheet for your calculations.
Answer:
The correct formula will be :
=average(past event tab then col in that tab) use this for att, programs, food, and merch
=AVERAGE('Past Events'!C4:C103)
Explanation:
To calculate the correlation between the sales of each kind of product and event attendance, from the Input analysis part of the spreadsheet model.
According to the information provided, in the targeted cell, we will use formula
=Average(data cells)
and for other part of the question is to calculate sales. For this part we can simply use the sum formula, first, we will sum the sales for a single item in past events column than at the end of the past column.
Thus, the correct formula will be :
=average(past event tab then col in that tab) use this for att, programs, food, and merch
=AVERAGE('Past Events'!C4:C103)
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance.
COOKIE CREATIONS
Adjusted Trial Balance
December 31, 2021
Debit
Credit
Cash
$1,230
Accounts Receivable
910
Supplies
360
Prepaid Insurance
1,260
Equipment
1,200
Accumulated Depreciation—Equipment
$40
Accounts Payable
80
Salaries and Wages Payable
58
Interest Payable
15
Unearned Service Revenue
310
Notes Payable
2,100
Owner’s Capital
830
Owner’s Drawings
520
Service Revenue
4,623
Salaries and Wages Expense
1,046
Utilities Expense
130
Advertising Expense
170
Supplies Expense
1,065
Depreciation Expense
40
Insurance Expense
110
Interest Expense
15
$8,056
$8,056
Using the information in the adjusted trial balance, do the following.
(a1)
Prepare an income statement for the 2 months ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
COOKIE CREATIONS
Income Statement
choose the accounting period
select an opening name for section one
enter an income statement item
$enter a dollar amount
select an opening name for section two
enter an income statement item
$enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
select a closing name for section two
enter a total amount for section two
select a closing name for this statement
$enter a total net income or loss amount
eTextbook and MediaAssistance Used
eTextbook 1
eTextbook 2
List of Accounts
Attempts: 0 of 3 used
(a2)
(a3)
(b)
(c)
The income statement for the 2 months ended December 31, 2021 is $2,047.
Income statementRevenue:
Service revenue (A) 4,623
Operating expenses:
Add: Salaries and wages expense 1,046
Add: Utilities expense 130
Add: Advertising expense 170
Add: Supplies expense 1,065
Add: Depreciation expense 40
Add: Insurance expense 110
Total operating expenses (B) 2,561
Operating income (C = A - B) 2,062
(4,623-2,561)
Less: Interest expense 15
Net income $2,047
Inconclusion the income statement for the 2 months ended December 31, 2021 is $2,047.
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