Amanda correctly answered 48 of the 60 questions on a math exam. What percent of questions did she awnser correctly

Last year, Johnson Mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. Th

fenix001 [56]

Answer:

Depreciation expense = 2,900

Explanation:

Our goal would be to construct the formula where depreciation expense is and then increase deepth until find something we can work:

$$$Revenue - Expenses = Net Income$

Expanding expenses we find depreciation expense

$$$Revenue - COGS - Admin Expense - Dep Expense = Income Before Taxes$

Here we don't Know Income Before taxes so we have to work that first

$$$Income Before Taxes x (1-tax rate) = Net Income$

Here we don't Know Net Income taxes so we have to work that first

$$$Net Income - Dividends = change in Retained Earnings$

Here we got the other component of the formula, so it is possible to solve for net income and from there achieve the answer

Net income = 2,810 + 700 = 3,510

Income before taxes = 3,510/0.65 = 5,400

37,800 - 23,200 - 6,300 - dep expense = 5,400

dep expense = 2,900

$\ $Net income = 2,810 + 700 = 3,510 \\Income before taxes = 3,510/0.65 = 5,400\\37,800 - 23,200 - 6,300 - dep expense = 5,400\\dep expense = 2,900$

7 0

4 years ago

Gus needs to purée his soup while it's still in the pot. What is the best tool for him to use?

JulijaS [17]

if i was gus i would use a immersion blender cuz its the easiest and fastest.

4 0

3 years ago

Read 2 more answers

A management information system (MIS) typically provides standard reports generated with data and information from a transaction

Svet_ta [14]

Answer:

True

Explanation:

It is true that management information system (MIS) typically provides standard reports generated with data and information from a transaction processing system (TPS) or enterprise resource planning (ERP) system. ion processing system

By the definition of management information system it includes transaction processing system because management information system (MIS) is a data generating or gathering process which serves as the backbone of an organization’s operations by gathering data from multiple sources, analyzes information, and presents data in a form that it aids managerial decision making.

Hence, the major areas of management information systems are:

1. Transaction Processing System. ( which includes: Payroll System, Order Processing System, Stock Control System) .

2. Decision Support System.

3. Expert Systems and Artificial Intelligence.

6 0

3 years ago

Waves company purchased a patent for $170,000 at the beginning of 2011, and estimated that its expected useful life was 10 years

Svetach [21]

<span>Purchased the patent for $170,000 in the beginning of 2011.Expected useful life is 10 years.Has a legal life of 17 years.Amortization expense = Cost/estimated useful life = $170,000/10 years = $17,000 per yea</span>

5 0

3 years ago

Over time the average rate of return on stocks is:

Tpy6a [65]

Hello there!

Your answer would be D). More than 5%

The reason why your answer would be "More than 5%" is because the Average rate of return on stocks is roughly about 7% overall. The term "rate of return" pretty much means the money that you would be getting back, or "profit" in a investment. Would you see the numbers for rate of return mostly in the stock market, business, and other types of investments someone makes. The words "Over time" is probably talking about the times all the way back to the 1950s where the returns were high, to this generation, which had a negative decrease in % of rate of return. That's why the question is asking you what the rate over time is, not just a specific time period.

7 0

4 years ago