which of the following is true about net income?\nit is typically found on the last line of an income…

which of the following is true about net income?\nit is typically found on the last line of an income statement\nit is always distributed among stock holders\nit is always reinvested in the company\nit is the same as profit\nquestion 22 :=\nthe accounting equation approach differs from the traditional approach in that the accounting equation approach:\nclassifies accounts as real accounts\nclassifies nominal accounts as revenue and expenses\nuses the equation assets = liabilities + capital\nis used in england\nquestion 23 :=\na pricing method which calls for setting a relatively high price at first, then lowering the price over time is called:\nprice skimming\nvalue - based pricing\ndemand - based pricing\npenetration pricing\nquestion 24 :=\nwhich of the following type of good would marketers use a professional sales force, supported by engineers and technicians in order to sell?\nprocess machinery\nsupplies\nmanufactured products

which of the following is true about net income?\nit is typically found on the last line of an income statement\nit is always distributed among stock holders\nit is always reinvested in the company\nit is the same as profit\nquestion 22 :=\nthe accounting equation approach differs from the traditional approach in that the accounting equation approach:\nclassifies accounts as real accounts\nclassifies nominal accounts as revenue and expenses\nuses the equation assets = liabilities + capital\nis used in england\nquestion 23 :=\na pricing method which calls for setting a relatively high price at first, then lowering the price over time is called:\nprice skimming\nvalue - based pricing\ndemand - based pricing\npenetration pricing\nquestion 24 :=\nwhich of the following type of good would marketers use a professional sales force, supported by engineers and technicians in order to sell?\nprocess machinery\nsupplies\nmanufactured products

Answer

Brief Explanations:

  • For the Net - Income question: Net income is typically the last line item on an income statement. It's not always distributed to stock - holders (can be retained), not always reinvested, and while related to profit, not exactly the same as the term 'profit' can be used more loosely.
  • For the accounting equation approach question: The key difference of the accounting equation approach is its use of the equation Assets = Liabilities+Capital.
  • For the pricing method question: Price skimming involves setting a high initial price and then lowering it over time.
  • For the marketing question: Process machinery often requires a professional sales force supported by engineers and technicians due to its complexity.

Answer:

Question 21: It is typically found on the last line of an income statement Question 22: Uses the equation Assets = Liabilities + Capital Question 23: Price skimming Question 24: Process machinery