Answer:
a) See the image attached for the sheet of closing entry
b) New balance = (174000-111000-12000) = 51000
Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
Mazyrski [523]
Answer:
$154,050
Explanation:
The computation of the net income for the firm is shown below:
Sales $634,000
Less: costs -$328,000
Less: depreciation -$73,000
EBIT -$233,000
Less: interest -$38,000
EBT 195,000
Less: tax(195,000 × 21%) -$40,950
Net income $154,050
We simply deduct all expenses ,interest and taxes from the sales revenue so that the net income could come and the same is to be considered
Answer:
Cost of 608 hp compressor = $32,832
Explanation:
Given:
Cost of 250 hp compressor = $13,500
Find:
Cost of 608 hp compressor
Computation:
Cost of 608 hp compressor = Cost of 250 hp compressor x [608 / 250]
Cost of 608 hp compressor = $13,500 x [608 / 250]
Cost of 608 hp compressor = $32,832
Official who won the office in free election.
Answer:
Production for the third quarter 159,500
Explanation:
Sales for the period 161,000
Desired ending inventory 4,600
Total production needs 165,600
Beginning Inventory (6,100)
Production for the third quarter 159,500
The sales for the period and the desired ending inventory are the total units we need for the quarted.
the beginning inventory reduces the production because are units we already have
