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olya-2409 [2.1K]
1 year ago
10

red line railroad inc. has three regional divisions organized as profit centers. the chief executive officer (ceo) evaluates div

isional performance, using operating income as a percent of revenues. the following quarterly income and expense accounts were provided from the trial balance as of december 31:
Business
1 answer:
amid [387]1 year ago
4 0

A quarterly income statement is a form that can force an entrepreneur to keep track of the gains and losses from their company over the course of three months. It is also referred to as the profit or loss account.

It is a financial statement that lists both the business's expenses and potential profits. It will include information about your three-month earnings in total. It demonstrates how your revenues can be turned into earnings.

By balancing the accounting books, the quarterly income statement may be calculated. You are required to make this type of statement while taking into account the company's financial stability. A Microsoft Word template or an Excel template is a fantastic place for you to start when preparing an quarterly income statement . You must thoroughly examine your company's performance in corporate finance, and you can only accomplish that by determining your company's income. In addition to a balance sheet, you must calculate your net income and evaluate your earnings.

Learn more about quarterly income statement  here

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A company has 150 employees, each working 40 hours per week and earning $11 an hour. Although the company does not pay any healt
ohaa [14]

Answer:

Total salary expense in week 1 = $440 x 150 = $66,000

Total deductions due to taxes = $121.66 x 150 = $18,249

Actual direct deposit of payroll in week is $66,000 minus $18,249 = $47,751

Explanation:

Number of employees = 150

Hourly wage = $11

Weekly hours worked = 40 hours

Weekly wage = 40 x 11 = $440 per employee

Taxes deduction:

Federal - 15% of gross earnings = $66

State - 5% of gross earnings = $22

FICA - 7.65% of first #128,400 = $33.66

Total deductions = $121.66

Net Earnings = $318.34

5 0
3 years ago
Read 2 more answers
Production Budget
9966 [12]

Answer and Explanation:

The preparation of production budget is shown below:-

                      Weightless Inc

                    Production Budget

         For the month ending October 31

                             Units Bath Scale            Units Gym Scale

Expected Units to

be sold                       150,000                         90,000

Desired Inventory,

October 31                  12,500                           8,000

Total                          162,500                           98,000

Less: Estimated Inventory,

October 1                   -18,000                           -10,000

Total Units to be

produced                  144,500                           88,000

5 0
3 years ago
When comparing two investments with the same effective rate, one with a 4-year term and semi-annual compounding and one with a 2
Delicious77 [7]

The 4-year term instrument's nominal rate is higher than the 2-year term instrument's nominal rate.

What is nominal rate?

The increase in payment you make to the lender for using the borrowed funds is known as the nominal interest rate.

The rate of compounding is higher for 2-year investments than for 4-year investments, which are compounded semi-annually.

As a result, option (b) is correct.

Learn more about on nominal rate, here:

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6 0
2 years ago
Who were some of the first big business capitalists in America?
irina [24]

Answer:

Railroads were the first "big businesses" in the United States.

Explanation:

8 0
3 years ago
Alan, 46, and Donna, 33, are filing a joint return for 2019. Neither is blind, and neither can be claimed as a dependent. They d
maksim [4K]

Answer:

$24,400

Explanation:

Assuming that Alan and Donna are married and they decide to file their taxes together, the standard deduction for 2019 taxes was $24,400.

The standard deduction increases if you or your spouse is over 65 years old, or if any of you is blind. The standard deduction generally increases a little bit every year, e.g. during 2018 it was $24,000 and for 2020 it is $24,800.

8 0
3 years ago
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