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Inessa05 [86]
3 years ago
13

From her sales income, barbara has subtracted cost of goods sold, operating expenses, interest expense, and taxes. what she has

left is her company's _____ income
Business
1 answer:
Murrr4er [49]3 years ago
6 0
The answer is net income
Net income is the amount of capital that the Company's made during an operational year after all relevant expenses have already been deducted.
Some amount of the net income will be shared to shareholders according to the percentage, and some of it will be put in company's capital to expand the operation.
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Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sol
Levart [38]

Answer:

Ending inventory is $424,045

Cost of goods sold is $889,955

Explanation:

Retail Inventory method is used to estimate the value of inventory using retail price of the unit of inventory.

As per given data

                                                   Cost           Retail

Beginning inventory               $370,000   $515,000

Net purchases                        $890,000   $ 1,280,000

Freight-in                                $54,000

Net markups                                                $55,000

Net markdowns                                           $25,000

Net sales                                                      $1,235,000

Cost of Purchase = 890,000 + 54,000 = $944,000

Retail Price of Purchases = Net Purchases Retail + ( Net Markup ) = $1280,000 + ( 55,000 - 25,000 ) = 1,310,000

Cost to retail Percentage = ( $944,000 / $1,310,000 ) x 100 = 72.06%

Closing Inventory = Purchases + Net Markup - Sales = $1,280,000 + ( $944,000 / $1,310,000 ) - $1,235,000 = $75,000

                                      Retail           Cost

Beginning inventory  $515,000   $370,000

Net purchases           <u>$75,000</u>     <u> $54,045</u>  ( $75,000 x 72.06% )

Ending Inventory       <u>$590,000</u>   <u>$424,045</u>

Closing Inventory = Opening + Purchases - Closing = $370,000 + ( 890,000 + 54,000 ) - 424,045 = $889,955

7 0
3 years ago
Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and
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Answer:

depreciable amor 10.95 dollars per Activity 2 base cost object.

Explanation:

\frac{Activity\: Pool}{Activity \: base}= Activity\:Rate

totoal expected cst: 35,040

activity 2 expected cost dirver Total  3,200

Activity rate: $35,040 cost pool / 3,200 driver expected amount = $10.95

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3 years ago
Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI
almond37 [142]

Answer:

2500

Explanation:

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Mary dislikes having to convince prospective customers to buy products that she believes are inferior to others in the market. h
faltersainse [42]
The inconsistency described above is known as cognitive dissonance. It is a theory that describes the tendency of  an individual to find consistency of the cognitive functions. When this is not met, some behaviors and attitudes are to be changed in order to eliminate the inconsistency.
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The general services administration (gsa was set up as an independent agency _____.
ahrayia [7]
To Take care of the construction and operation of public buildings
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