Assume that you want to determine the profit margin for a company. Which one of the following financial statements is the best source of this information?

a. Statement of retained earnings
b. Statement of cash flows
c. Statement of stockholders' equity
d. Income statement

d

Business

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A European chocolate manufacturer received several complaints from customers about the quality of its product when it began selling them in a tropical country. The firm had to re-package its chocolate bars in an extra plastic wrapper to protect it from the heat and dust. Which of the following factors in the local market dictated product adaptation in the current scenario?

A. Legal requirements. B. Economic requirements. C. Political requirements. D. Climatic requirements. E. Technological requirements.

Business

Interest payments on auto loans are not tax-deductible

Indicate whether the statement is true or false

Business