Narticle in the wall street journal discussing the financial results for general electric co. (ge) for the first quarter of 2017 reported that, compared with the same quarter in the previous year, the firm's revenue had fallen from $27.94 billion to $27.66 billion, while its profit had increased from $228 million to $653 million. source: thomas gryta and joshua jamerson, "general electric, still weighed by energy, boosts profit amid cost cutting plan," wall street journal, april 21, 2017. it is possible for profits to increase even if revenue decreases if

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Which of the following events could increase the demand for labor? a. an increase in the marginal productivity of workers b. a decrease in the amount of capital available for workers to use c. a decrease in the wage paid to workers d. a decrease in output price

Each state’s organizational structure is guided by the federal government. true or false?