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Pepsi [2]
1 year ago
8

check my workcheck my work button is now enableditem 1 north trails cinema, incorporated, operates movies and food concession co

unters throughout the united states. its income statement for the quarter ended june 30, 2019, reported the following (accounts are listed alphabetically in thousands): admissions revenue $ 490,100 concessions expenses 39,700 concessions revenue 311,500 film rental expenses 255,850 income tax expense 41,600 office expenses 255,400 rent expense 85,800 salaries and wages expense 74,000 net income (loss) ? required: solve for the missing amount by preparing an income statement for the quarter ended june 30, 2019. (enter your answers in thousands.)
Business
1 answer:
UNO [17]1 year ago
7 0

The Net Income for the quarter is give as: $90,850. See the attached for more explanation.

<h3>What is an Income Statement?</h3>

An income statement summarizes a company's sales, costs, and profitability over time. It is sometimes referred to as a profit-and-loss (P&L) or earnings statement.

It displays your revenue from the sale of goods or services expenditures to produce income and run your company

It is important to note that when there is a short fall between expense and income, it is referred to as Net Loss. The net financial position is derived by removing the sum of all expenses from the sum of all income streams.

The three main parts of an income statement is:

  • Revenue
  • Expenses; and
  • Profit.

Learn more about Net Income:
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Accounts Receivable from sales to customers amounted to $80,000 and $70,000 at the beginning and end the year, respectively. Inc
Kipish [7]

Answer:

$332,000

Explanation:

<u>Cash flow from operating activities</u>

Net Income                                                                                  $252,000

Adjust for changes in working capital items :

Decrease in Accounts Receivable ($80,000 - $70,000            $80,000

Net Cash Provided by Operating Activities                              $332,000

Conclusion

the cash flows from operating activities to be reported on the statement of cash flows is $332,000

5 0
3 years ago
In the post-Reconstruction era most African-Americans in the South had little opportunity for economic advancement, and worked m
grin007 [14]
<span>Overwhelmingly, blacks refused to work in gangs under the direction of an overseer and generally preferred renting land to working for wages. African American's took the opportunity of freedom to educate themselves, band together, and work towards a more equal and fair life for not only themselves, but also their families.</span>
6 0
3 years ago
What are the disadvantages of centralization of authority
andrew-mc [135]

Answer:

abuse of authority.

not smooth functioning.

3 0
3 years ago
Ratchet Manufacturing's August sales budget calls for sales of 8,000 units. Each month's unit sales are expected to grow by 5%.
abruzzese [7]

Answer:

$210,000

Explanation:

With the provided information we have,

August budgeted sales = 8,000 units

Growth every month = 5% increase in units

Sales for September = 8,000 + (8,000 \times 5%)

= 8,000 + 400 units = 8,400 units

Selling price = $25 for each unit

Therefore, expected sales total for the month of September = 8,400 \times $25 = $210,000

7 0
3 years ago
Which of the following typically involves the use of social networks to communicate and promote the benefits of products and ser
professor190 [17]

Answer:

b) social network advertising

Explanation:

Advertising on social networks is being highly targeted by marketers, as the use of social networks has been growing more and more, through it it is possible to carry out the communication and promotion of product and service in a cheap, fast and dynamic way that can generate engagement and value, retain and attract new customers, in addition to creating a stronger relationship between customer and company, which positions the company in the market in a positive and competitive way.

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3 years ago
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