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
Yuliya22 [10]
3 years ago
5

Presented below is information related to Coronado Company at December 31, 2017, the end of its first year of operations. Sales

revenue $322,990 Cost of goods sold 143,460 Selling and administrative expenses 49,300 Gain on sale of plant assets 27,900 Unrealized gain on available-for-sale investments 9,390 Interest expense 5,590 Loss on discontinued operations 12,730 Dividends declared and paid 4,750 Compute the following:
(a)Income from operations___$
(b)Net income ___ $
(c)Comprehensive income___$
(d)Retained earnings balance at December 31, 2017___$
Business
2 answers:
vovangra [49]3 years ago
8 0

Answer:

The answer will be below

Explanation:

a. Income from operations=$322,990-$143,460-$49,300=$130,230

b. Net Income=$322,990-$143,460-$49,300+$27,900-$5,590-$12,730=$139,810

c. Comprehensive Income=$9,390

d. Retained Earnings=$139,810-$4,750=$135,060

marissa [1.9K]3 years ago
3 0

Answer:

a) Income from operations = $322,990 -$143,460 -$49,300 = $130,230

b) Net Income = $130,230 + 27,900 -$5,590 - $12,730 = $139,810

c) comprehensive income = $139,810 + $9,390 = $149,200

d) Retained earnings = $149,200 - $4,750 =$144,450

Explanation:

You might be interested in
BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recently decide
fomenos

Answer:

Forward integration

Explanation:

Forward integration is a type of business strategy in which the business activities should be carried forward for incorporating the complete production of the product i.e. from the raw material to the end manufacturing of the product along with the supply chain and its logistics. In this, the supplier of the raw material should extend the business to the end manufacturing of the product

So as per the given situation, it is a forward integration

8 0
2 years ago
Ivory purchased a car for $24,000. The annual interest rate on the loan is 3.5%. She will make payments for 6 years. What is Ivo
Kitty [74]
11.68 $ a month, i believe thats the answer, if not its pretty close...

3 0
3 years ago
Seigel Co. maintains a defined-benefit pension plan for its employees. At each balance sheet date, Seigel should report a pensio
chubhunter [2.5K]

Answer:

d.funded status relative to the accumulated benefit obligation.

Explanation:

Employees should be informed funded status relative to the accumulated benefit.

7 0
3 years ago
Read 2 more answers
Describe the types of information employees at an apple store require and compare it to the types of information the executives
labwork [276]
Both must be familiar with the new and old products as well as updates and quick fixes. However those in corporate are in charge of developing new products and keeping the older ones updated.
5 0
3 years ago
Which of the following is true of patch management? It helps in decommissioning the current system and installing the new system
DIA [1.3K]

Answer:

The correct answer is the fourth option: It helps in performing corrective or preventive maintenance for a system.

Explanation:

To begin with, a <em>patch management</em> is a technology process used nowadays in the organizations in order to establish a better way to organize the multiple server that it uses currently. It basically focus on the process of regularly performing patch deployment to keep computers up to date therefore that the process detects the missing patches and correct them in order to help the company to reduce system-related failures so that it can improve in productivity and save in the costs associated with it.

3 0
3 years ago
Other questions:
  • The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based
    14·1 answer
  • Which of the following is not an example of risk factors for a multinational company?
    13·1 answer
  • The reason Lin has been so successful in expanding her small auto body shop into a very profitable business with three locations
    12·1 answer
  • In which of the following scenarios would the short-cut method be permissible? A) A lease term of 6 months with an option to ren
    7·1 answer
  • A copy machine costs $45,000 when new and has accumulated depreciation of $44,000, Suppose Print and Photo Center junks this mac
    14·1 answer
  • What is one reason European governments protect the growing of food with subsides even though imported food would be cheaper
    8·2 answers
  • Although skyscrapers are mostly composed of steel and glass, carpenters are often employed to help with construction. How might
    12·1 answer
  • Use the following information to answer this question.
    10·1 answer
  • Whispering Winds Corp. compiled the following financial information as of December 31, 2022: Service revenue $836000 Common stoc
    5·1 answer
  • How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!