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SVEN [57.7K]
3 years ago
8

ABC Company has the following amounts in its multiple step income statement: revenues of $5,000; operating expenses of $4,000; a

nd income tax expense of $200. What is ABC Company's income from operations
Business
1 answer:
Nutka1998 [239]3 years ago
6 0

Answer:

$1000

Explanation:

Operating income is the income from the regular business operation before adjusting for taxes and interest. Operating income is similar to EBIT, which stands for earnings before interest and taxes.

For ABC company,  revenue is $ 5,000

Operating expense is $ 4,000

Income tax is $200

operating income

= $5000-$4000

=$1000

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The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

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Quick Ratio =($210+4800)/$1,260

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What is it about incentive systems that makes them so attractive to leaders attempting to implement organizational change
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3 years ago
What are the consequences of traditional law of production
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What is scarcity, as a term used in economics? What is an every day example of scarcity that demonstrates why scarcity is a basi
kirill115 [55]

Answer:

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Explanation:

HOPE it helps

5 0
3 years ago
Tommy bought 35 shares of stock at $45.75 per share. He received dividends of $82.45 during the year. At the end of the year, hi
gogolik [260]

Answer:

10.57%

Explanation:

Return on investment is a profitability measure of gains realized from an investment. It is a ratio that shows how a business uses its resources to generate profits. Return on investment compares the net income against the initial investment.

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For Tommy,

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5 0
3 years ago
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