At the current price there is a shortage of a product. we would expect price to:

In its income statement for the year ended December 31, 2022, Whispering Winds Corp. reported the following condensed data. Oper

vagabundo [1.1K]

The Multiple Income Statement is $127,000.

<h3>Multiple Income Statement</h3>

Multiple Income Statement For the Year Ending Dec. 31, 2022

Particulars Amount ($)

Net sales 2,199,000

Less: Cost of goods sold 1,255,000

Gross profit 944,000

(2,199,000-1,255,000)

Less: Operating expenses 719,000

Operating income 225,000

(944,000-719,000)

Other revenue:

Interest revenue 32,000

Other expenses and losses:

Interest expense 70,000

Add: Loss on disposal of plant assets 16,000

Total other expenses and losses 86,000

(70,000+18,000)

Income before tax 171,000

(225,000+32,000-86,000)

Less: Income tax expense 44,000

Net income 127,000

(171,000-44,000)

Therefore the Multiple Income Statement is $127,000.

Learn more about Multiple Income Statement here:brainly.com/question/14984579

#SPJ1

5 0

2 years ago

What is one of the three functions of the central vision area of a driver?

ruslelena [56]

Although the focus vision is the one responsible for the targeting function, it is the central vision that allows the viewing of the line of sight to the target area. It is the central vision that allows a relative focus for mid distances and blurring of what's around. It is important on a motorway, for example, as what's ahead is the most important once there isn't people or very busy areas around.

7 0

3 years ago

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of . The company u

Papessa [141]

Answer:

4.2 years

Explanation:

Here is the complete question

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of $44,000. The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.

Required:

Compute Project A's payback period.

Payback = amount invested / cash flow

cash flow = net income + depreciation

depreciation = (cost of asset - salvage value) / useful life

(385,000 - 44,000) / 5 = 68,200

Cash flow = 68,200 + $ 23,100 = 91300

$ 385,000 / 91300 =4.2

6 0

3 years ago

To compete with Lexus, a successful luxury brand of Toyota, Nissan launches Infinity as its own luxury brand to seek the benefit

slava [35]

Answer:

(D). Straddling

Explanation:

Straddling positioning involves placing a product or brand in two segments at the same time such that it is possible to reap benefits from both segments.

<em>By launching its luxury brand (Infinity), while remaining in other market segments, Nissan is practicing straddling positioning</em>.

3 0

3 years ago

Rebel Sound Inc. produced 30,000 audio devices last month. Rebel started the month with $10,000 worth of inventory in Finished G

Arada [10]

Answer:

$120,000

Explanation:

Step 1 Prepare a Cost of Manufacturing Schedule

Materials ($50000-$6,000) $44,000

Various utility and rent charges on factory $15,000

Salaries and Wages $60,000

Other Costs(Balancing figure) $35,000

Less Work in Process ($24,000)

Cost of Goods Manufactured $120,000

Step 2 Prepare a cost of Goods Sold Schedule

Opening inventory in Finished Goods $10,000

Add Cost of Goods Manufactured $120,000

Less Closing inventory in Finished Goods ($5,000)

Cost of Goods Sold $125,000

7 0

3 years ago