To complement a business's internal financial performance metrics, a business needs a parallel set of external marketing metrics to track its market-based performance

Best, Inc, a merchandiser, sells office supplies

The following information summarizes Best's operating activities during the year: Utilities Expense $6,000 Rent for Store Expense 8,000 Sales Commissions Expense 4,500 Purchases of Merchandise 54,000 Merchandise Inventory on January 1 30,000 Merchandise Inventory on December 31 20,500 Sales Revenue 108,000 Required: Prepare an income statement for Best, Inc for the year ended December 31, using the format below. Sales Revenue Cost of Goods Sold: Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit Selling Expenses: Sales Commissions Expense Administrative Expenses: Rent Expense Utilities Expense Total Operating Expenses Operating Income What will be an ideal response

Accountants are generally classified as either for-profit or not profit accountants

A. True B. False