1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sveta_85 [38]
3 years ago
13

Schluster hardware, inc., had a gross profit of $380,000, operating expenses of $210,000, and income taxes of $48,000. what is s

chluster's net income after taxes?
Business
2 answers:
DENIUS [597]3 years ago
6 0

$122,000 is Shulster's net income

To find the net income, subtract expenses and taxes from the gross income.

380,000 - 210,000 - 48,000 = 122,000

NISA [10]3 years ago
4 0

Answer:

$122,000

Explanation:

Gross profit is the difference between the revenue and cost of sales.

The gross profit less the operating expenses gives operating profits while a further deduction of the income taxes gives the net income after tax.

Going by the analysis above,

gross profit = $380,000, operating expenses = $210,000, and income taxes = $48,000

net income after tax = $380,000 - $210,000 - $48,000

= $122,000

Schluster's net income after taxes is $122,000

You might be interested in
Economists normally assume that the goal of a firm is to
Elina [12.6K]

Answer:

Profit Maximisation

Explanation:

Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.

Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity

Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.

Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.

6 0
3 years ago
Peregrine Company acquires all of the voting stock of Falcon Corporation for $65,000, in a merger. Falcon’s balance sheet report
just olya [345]

Answer:

<u><em>(It seems that the amount in question is wrongly typed as 65,000 instead of 65,000,000)</em></u>

The correct answer is $40,000.000.

Explanation:

The answer is calculated from guidlines provided in IFRS 10.

As per accounting standards the price paid above fair value of net asset is taken as goodwill. Goodwill is accounted as asset in balance sheet.

As fair value is not given we will assume that book values are equal to fair value. The detail calculations are given below.

Consideration paid               $ 65,000,000

FV of net asset                      ($ 25,000,000)

Goodwill                                 $ 40,000,000

3 0
3 years ago
In an alphabetic correspondence file, an individual folder is prepared for each correspondent. TRUE FALSE
ollegr [7]

Answer:

False

Explanation:

It's not prepared for each correspondent.

5 0
4 years ago
According to the Spotlight on Small Business box, today's labor leaders claim that the tragedy at the Triangle Shirtwaist Compan
son4ous [18]

Answer:

True

Explanation:

The tragedy at the triangle shirtwaist company includes the death of 146 woman in a fire due to trapped by a locked door which was kept locked to prevent theft.

The labour leaders says the triangle fire is a proof of why labor unions are crucial to maintaining workplace balance in the U.S.

6 0
3 years ago
When must a breach be reported to the u.s. computer emergency readiness team?
Dvinal [7]
Immediantly after it happens
3 0
3 years ago
Other questions:
  • What does it mean to do time analysis which is one of the principles referred to ?
    5·1 answer
  • As the newly hired hospital marketing director, you have your first meeting with the administrator. "Okay," he says, "we need to
    14·1 answer
  • If a good is normal, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the d
    6·1 answer
  • "Which statements are TRUE about IO tranches? I When interest rates rise, the price of the tranche falls II When interest rates
    11·1 answer
  • States request assistance from other states through interstate mutual aid and assistance agreements such as:
    9·1 answer
  • What is the goals of aggression
    15·1 answer
  • Ignoring income tax effects, accelerated depreciation methods can...(a)generate funds for the earlier replacement of fixed asset
    13·1 answer
  • Identify a true statement about team norms.
    9·1 answer
  • An investment center generated a contribution margin of $400,000, fixed costs of $200,000 and sales of $2,000,000. The center's
    12·1 answer
  • in what ways is a cmbs structure different from a cmo backed by residential mortgages? why is default risk in a cmbs offering gi
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!