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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

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12/31/06Accounts receivable $525,000Allowance (45,000)Cash realizable value 480,000During 2007 sales on account were $145,000 an
alekssr [168]

Answer:

c. $42,000 increase

Explanation:

The computation of the change in cash realizable value is shown below:

= Adjusted cash balance - Cash realizable value

where,

Adjusted cash balance = Ending balance of accounts receivable + sales on account - collections - written off amount - bad debt expense

= $525,000 + $145,000 - $86,000 - $8,000 - $54,000

= $522,000

And, the cash realizable value is $480,000

Now put these values to the above formula

So, the value would be equal to

= $522,000 - $480,000

= $42,000 increase

5 0
3 years ago
If we have eight decisions to make and 3 choices for each decision, how can we represent the number of potential outcomes
AveGali [126]

We can represent the number of potential outcomes by 3 to the power 8.

<h3>What is permutation and combination?</h3>

Permutation relates to the act of arranging all the members of a set into some sequence or order.

We can assume, for two choices, we have one decision. This can be represented as, since we have eight decisions,

Representation of the potential outcomes are:

= 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1

= 3^8

= 6,561

Learn more about permutation and combination here: brainly.com/question/21014199

#SPJ1

3 0
2 years ago
"For the next three questions, assume there is $20 per unit tax levied on the consumers of guitars. What price will buyers pay a
zloy xaker [14]

Answer:

The consumer will pay $200 after the tax is imposed.

Explanation:

if the tax of $20 per unit is levied on the consumers of guitars, thenthe demand: P = 300 - 0.5*Q

180 + 20 = 300 - 0.5*Q

Therefore, The consumer will pay $200 after the tax is imposed.

5 0
3 years ago
According to anthropological ethics, the first responsibility of the anthropologist is to the people studied.
Len [333]

<span>The answer is true. The anthropologists have main ethical obligations to the people, species, and materials they research and to the people with whom they work. These duties can exchange the goal of seeking new knowledge, and can lead to decisions not to start or to stop a research project when the primary obligation conflicts with other responsibilities, such as those unsettled to sponsors or clients.</span>

8 0
3 years ago
If Q equals the units sold, P is the selling price per unit, V is the variable expense per unit, and F is the fixed expense, the
lakkis [162]

Answer:

The correct answer is: option D

Explanation:

The degree of operating leverage (DOL) is a measure used to evaluate how a company's operating income changes after a percentage change in its sales. A company's operating leverage involves fixed costs and variable costs. It is a financial ratio that measures the sensitivity of a company’s operating income to its sales. This financial metric shows how a change in the company’s sales will affect its operating income.

There are two main formulas to calculate the DOL:

DOL= Contribution Margin/ Operating Income

or

DOL= [Qx(P-V)] / [QX(P-V)-F)

Where:

Q: the number of units

P: the price per unit

V: the variable cost per unit

F: the fixed costs

7 0
4 years ago
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