Homework Answers
Depreciation per year of machine = ($310000 - 0) / 10
= $31000
Calculation of taxable liability
| Particular | Amount |
| Sales | $2125000 |
| Less cost of goods sold | $410000 |
| Gross profit | $1715000 |
| Less other operating expenses | $365000 |
| Less advertising expense | $40000 |
| Less depreciation | $31000 |
| Net income / taxable liability | $1279000 |
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Flip's Pizzeria Inc. has the following financial items for the current year. Advertising Expenses $40,000 Cost...
Flip's Pizzeria Inc. has the following financial items for the current year Advertising Expenses $40,000 Cost...
Flip's Pizzeria Inc. has the following financial items for the current year Advertising Expenses $40,000 Cost of Goods Sold $350,000 Other Operating Expenses $330,000 Sales $2,720,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $585,000 Calculate Flip's taxable liability for the current year. Taxable Liability = 2 3 NOS
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000 Cost...
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000 Cost of Goods Sold $390,000 Other Operating Expenses $305,000 Sales $2,085,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $375,000 Calculate Flip's taxable liability for the current year. А в с To E 2 Taxable Liability = Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $6,600,000 Interest Income $55,000...
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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $400,000 Other Operating Expenses $395,000 Sales $2,340,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $505,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct. в стр 1 А Taxable Liability = $ 303,345 %
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost...
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $400,000 Other Operating Expenses $395,000 Sales $2,340,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $505,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct. B C D A E 2 Taxable Liability = $ 303,345
please try and complete asap Flip's Pizzeria Inc. has the following financial items for the current...
please try and complete asap
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $40,000 Cost of Goods Sold $350,000 Other Operating Expenses $330,000 Sales $2.720.000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $585,000 Calculate Flip's taxable liability for the current year. SA Taxable Liability NM +0000
please post correct answer Flip's Pizzeria Inc. has the following financial items for the current year:...
please post correct answer
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $40,000 Cost of Goods Sold $350,000 Other Operating Expenses $330,000 Sales $2,720,000 Cost of Equipment purchased during the year (10 year estimate useful life, 0 salvage value) $585,000 Calculate Flip's taxable liability for the current year A В C D E 1 Taxable Liability 2 3 4 5 6 7 8 10
Hint the answer is not 144500 or 303345 Flip's Pizzeria Inc. has the following financial items...
Hint the answer is not 144500 or 303345
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $400,000 Other Operating Expenses $395,000 Sales $2,340,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $505,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct В C A 1 Taxable Liability = 303,345 2 3 4 5 6 7 8...
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $65,000 Cost...
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $65,000 Cost of Goods Sold $655,000 Other Operating Expenses $525,000 Sales $2,020,000 Wages and Salaries $525,000 Capital Gain $45,000 Calculate Flip's taxable income for the current year.
Flip's Pizzeria Inc. has the following financial items for the current year. Advertising Expenses $75,000 Cost...
Flip's Pizzeria Inc. has the following financial items for the current year. Advertising Expenses $75,000 Cost of Goods Sold $690,000 Other Operating Expenses $335.000 Sales $1,955,000 Wages and Salaries $485.000 Capital Gain $15,000 Calculate Flip's taxable income for the current year. 1 2 Taxable income (Net Operating Loss)= SH 5 7 8 10
Check my w Flip's Pizzeria Inc. has the following financial items for the current year: Advertising...
Check my w Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $90,000 Cost of Goods Sold $650,000 Other Operating Expenses $315,000 Sales $2,530,000 Wages and Salaries $495,000 Capital Gain $20,000 Calculate Flip's taxable income for the current year. B C 1 Taxable income (Net Operating Loss)= 3 4 5 6 D E General's Inc. has the following financial items for the current year: Advertising Expenses $55,000 Cost of Goods Sold $635,000 Other Operating Expenses...
Flip's Pizzeria Inc. has the following financial items for the current year Advertising Expenses $40,000 Cost of Goods Sold $350,000 Other Operating Expenses $330,000 Sales $2,720,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $585,000 Calculate Flip's taxable liability for the current year. Taxable Liability = 2 3 NOS
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000 Cost of Goods Sold $390,000 Other Operating Expenses $305,000 Sales $2,085,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $375,000 Calculate Flip's taxable liability for the current year. А в с To E 2 Taxable Liability = Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable income before Interest $6,600,000 Interest Income $55,000...
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $400,000 Other Operating Expenses $395,000 Sales $2,340,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $505,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct. в стр 1 А Taxable Liability = $ 303,345 %
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $400,000 Other Operating Expenses $395,000 Sales $2,340,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $505,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct. B C D A E 2 Taxable Liability = $ 303,345
please try and complete asap
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $40,000 Cost of Goods Sold $350,000 Other Operating Expenses $330,000 Sales $2.720.000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $585,000 Calculate Flip's taxable liability for the current year. SA Taxable Liability NM +0000
please post correct answer
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $40,000 Cost of Goods Sold $350,000 Other Operating Expenses $330,000 Sales $2,720,000 Cost of Equipment purchased during the year (10 year estimate useful life, 0 salvage value) $585,000 Calculate Flip's taxable liability for the current year A В C D E 1 Taxable Liability 2 3 4 5 6 7 8 10
Hint the answer is not 144500 or 303345
Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $400,000 Other Operating Expenses $395,000 Sales $2,340,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $505,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct В C A 1 Taxable Liability = 303,345 2 3 4 5 6 7 8...
Flip's Pizzeria Inc. has the following financial items for the current year. Advertising Expenses $75,000 Cost of Goods Sold $690,000 Other Operating Expenses $335.000 Sales $1,955,000 Wages and Salaries $485.000 Capital Gain $15,000 Calculate Flip's taxable income for the current year. 1 2 Taxable income (Net Operating Loss)= SH 5 7 8 10
Check my w Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $90,000 Cost of Goods Sold $650,000 Other Operating Expenses $315,000 Sales $2,530,000 Wages and Salaries $495,000 Capital Gain $20,000 Calculate Flip's taxable income for the current year. B C 1 Taxable income (Net Operating Loss)= 3 4 5 6 D E General's Inc. has the following financial items for the current year: Advertising Expenses $55,000 Cost of Goods Sold $635,000 Other Operating Expenses...
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