Homework Answers
| sales revenue | 810000 |
| Less:- COGS | 466000 |
| Gross profit | 344000 |
| Less:- Operating exp. | 105000 |
| Operating income | 239000 |
| Add:- Other revenues and gains | 86500 |
| Less:- Other exp. And losses | -30500 |
| income before taxes | 295000 |
| Less:- income tax ( 35 % ) | 103250 |
| Net income | 191750 |
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student mainituni DOOR UKUR OWN signment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-12 a-b...
Assignment Gradebook ORION Downloadable Textbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 3 The...
Assignment Gradebook ORION Downloadable Textbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 3 The following information is available for Pharoah Corporation for the year ended December 31, 2020: sales revenue $790,000, other revenues and gains $91,000, operating expenses $101,000, cost of goods sold $468,000, other expenses and losses $34.500, and preferred stock dividends $43,050. The company's tax rate was 30% and it had 54,000 shares outstanding during the entire year Prepare a corporate income statement. (List other revenues...
signment CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK NEXT Exercise 22-9 Presented below...
signment CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK NEXT Exercise 22-9 Presented below are the comparative income and retained earnings statements for Nash Inc. for the years 2017 and 2018. 2017 334.000 95.200 Sales Cost of sales Gross profit Expenses Net income Retained earnings (Jan. 1) Net income Dividends Retained earnings (Dec. 31) $21,800 $264,000 144,000 120,000 50,700 $69,300 $76,300 69,300 (23,900) $121,700 214.800 (31,400) $112,100 $121,700 The following additional information is provided: In 2018, Nash Inc,...
signment CALCULATOR MESSAGE HY INSTRUCTOR ES FULL SCREEN PRINTER VERSION 4 BACK Exercise 22-9 NEXT Presented...
signment CALCULATOR MESSAGE HY INSTRUCTOR ES FULL SCREEN PRINTER VERSION 4 BACK Exercise 22-9 NEXT Presented below are the comparative income and retained earnings statements for Nash Inc. for the years 2017 and 2018. 2018 2017 Sales $334,000 $264,000 Cost of sales 217.000 144,000 Gross profit 117,000 120,000 Expenses 95,200 50,700 Net income $21,800 $69,300 Retained earnings (Jan. 1) $121.700 $76,300 Net income 21,800 69,300 Dividends (31,400) (23,900) Retained earnings (Dec. 31) $112,100 $121,700 The following additional information is provided:...
signment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 22-4 Ivanhoe Company started...
signment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 22-4 Ivanhoe Company started operations on January 1, 2012, and has used the FIFO method of inventory valuation since its inception. In 2018, it decides to switch to the average-cost method. You are provided with the following information. Retained Earnings (Ending Balance) nder FIFO $93.900 57.800 2012 2013 2014 2015 2016 2017 Net Income Under FIFO Under Average Cost $99,300 $89,000 75,900 71,400 81,400 70,600 122,100 132,500 323,400...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Do It Review 18-01 In its proposed 2020 income...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Do It Review 18-01 In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $490,000, income taxes $156,800 (not including unusual items), loss on operation of discontinued music division $61,000, gain on disposal of discontinued music division $42,000, and unrealized loss on available for sale securities $154,000. The income tax rate is 32% Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either...
CALCULATOR FULL SCREEN PRINTER VERSION <BACK RESOURCES er 4 HW 4-02 4-03 2 4-04 Brief Exercise...
CALCULATOR FULL SCREEN PRINTER VERSION <BACK RESOURCES er 4 HW 4-02 4-03 2 4-04 Brief Exercise 4-02 Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2020. Expenses for 2020 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. Brisky's tax rate 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2020. Prepare a single-step in statement for the year ended...
please help CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-03 Primo...
please help
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-03 Primo Industries collected $105,000 from customers in 2020. or the amount collected, $25,000 was for services performed in 2019. In addition, Primo performed services worth $40,000 in 2020, which will not be collected until 2021. Primo Industries also paid $72,000 for expenses in 2020. or the amount paid, $30,000 was for expenses incurred on account in 2019. In addition, Primo incurred $42,000 of expenses in...
е е с ament CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 14-03 a-b (Video) On...
е е с ament CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 14-03 a-b (Video) On January 1, 2020, Sandhill Corporation had $1,045,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,500. The company issued 44,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account...
signment CALCULATOR FULL SCREEN PRINTER VERSION NEXT Brief Exercise 4-5 Your answer is partially correct. Try...
signment CALCULATOR FULL SCREEN PRINTER VERSION NEXT Brief Exercise 4-5 Your answer is partially correct. Try again. The ledger of Rios Company contains the following balances: Retained Earnings $31,818; Dividends $2,431; Service Revenue $48,557; Salaries and Wages Expense $28,792; and Supplies Expense $7,536. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Post the closing entries in the order presented in the problem and use the numbers as...
oadable eTextbook n Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT URCES Brief Exercise 5-1 Presented...
oadable eTextbook n Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT URCES Brief Exercise 5-1 Presented below are the components in Gates Company's income statement. n 237 Determine the missing amounts. Exercise Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income $76,960 $34,470 $13,550 (b) $117,820 $79,760 $22,740 (c) $73,440 $82,340 $45,650 wStudy LINK TO TEXT Question Attempts: 0 of 4 used SAVE FOR LATER SUBMIT ANSWER
Assignment Gradebook ORION Downloadable Textbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 3 The following information is available for Pharoah Corporation for the year ended December 31, 2020: sales revenue $790,000, other revenues and gains $91,000, operating expenses $101,000, cost of goods sold $468,000, other expenses and losses $34.500, and preferred stock dividends $43,050. The company's tax rate was 30% and it had 54,000 shares outstanding during the entire year Prepare a corporate income statement. (List other revenues...
signment CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 BACK NEXT Exercise 22-9 Presented below are the comparative income and retained earnings statements for Nash Inc. for the years 2017 and 2018. 2017 334.000 95.200 Sales Cost of sales Gross profit Expenses Net income Retained earnings (Jan. 1) Net income Dividends Retained earnings (Dec. 31) $21,800 $264,000 144,000 120,000 50,700 $69,300 $76,300 69,300 (23,900) $121,700 214.800 (31,400) $112,100 $121,700 The following additional information is provided: In 2018, Nash Inc,...
signment CALCULATOR MESSAGE HY INSTRUCTOR ES FULL SCREEN PRINTER VERSION 4 BACK Exercise 22-9 NEXT Presented below are the comparative income and retained earnings statements for Nash Inc. for the years 2017 and 2018. 2018 2017 Sales $334,000 $264,000 Cost of sales 217.000 144,000 Gross profit 117,000 120,000 Expenses 95,200 50,700 Net income $21,800 $69,300 Retained earnings (Jan. 1) $121.700 $76,300 Net income 21,800 69,300 Dividends (31,400) (23,900) Retained earnings (Dec. 31) $112,100 $121,700 The following additional information is provided:...
signment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 22-4 Ivanhoe Company started operations on January 1, 2012, and has used the FIFO method of inventory valuation since its inception. In 2018, it decides to switch to the average-cost method. You are provided with the following information. Retained Earnings (Ending Balance) nder FIFO $93.900 57.800 2012 2013 2014 2015 2016 2017 Net Income Under FIFO Under Average Cost $99,300 $89,000 75,900 71,400 81,400 70,600 122,100 132,500 323,400...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Do It Review 18-01 In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $490,000, income taxes $156,800 (not including unusual items), loss on operation of discontinued music division $61,000, gain on disposal of discontinued music division $42,000, and unrealized loss on available for sale securities $154,000. The income tax rate is 32% Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either...
CALCULATOR FULL SCREEN PRINTER VERSION <BACK RESOURCES er 4 HW 4-02 4-03 2 4-04 Brief Exercise 4-02 Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2020. Expenses for 2020 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. Brisky's tax rate 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2020. Prepare a single-step in statement for the year ended...
please help
CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION « BACK NEXT Exercise 3-03 Primo Industries collected $105,000 from customers in 2020. or the amount collected, $25,000 was for services performed in 2019. In addition, Primo performed services worth $40,000 in 2020, which will not be collected until 2021. Primo Industries also paid $72,000 for expenses in 2020. or the amount paid, $30,000 was for expenses incurred on account in 2019. In addition, Primo incurred $42,000 of expenses in...
е е с ament CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 14-03 a-b (Video) On January 1, 2020, Sandhill Corporation had $1,045,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,500. The company issued 44,500 shares of common stock at par on July 1 and earned net income of $405,000 for the year. Journalize the declaration of a 16% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account...
signment CALCULATOR FULL SCREEN PRINTER VERSION NEXT Brief Exercise 4-5 Your answer is partially correct. Try again. The ledger of Rios Company contains the following balances: Retained Earnings $31,818; Dividends $2,431; Service Revenue $48,557; Salaries and Wages Expense $28,792; and Supplies Expense $7,536. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Post the closing entries in the order presented in the problem and use the numbers as...
oadable eTextbook n Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT URCES Brief Exercise 5-1 Presented below are the components in Gates Company's income statement. n 237 Determine the missing amounts. Exercise Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income $76,960 $34,470 $13,550 (b) $117,820 $79,760 $22,740 (c) $73,440 $82,340 $45,650 wStudy LINK TO TEXT Question Attempts: 0 of 4 used SAVE FOR LATER SUBMIT ANSWER
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