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
Margaret [11]
3 years ago
13

The following income statement items, arranged in alphabetical order, are taken from the records of Shaw Corporation for the cur

rent year:
Advertising expense $1,374
Interest expense $1,360
Commissions expense 2,271
Interest revenue 1,464
Cost of goods sold 29,214
Rent revenue 6,957
Depreciation expense - office building 2,724
Salaries and wages expense—office 11,582
Income tax expense 1,586
Sales revenue 48,243
Insurance expense - salesperson’s auto 2,141
Supplies expense—office 921


Assume that Shaw Corporation classifies all operating expenses into two categories: (1) selling and (2) general and administrative.

Required:
Prepare a multiple-step income statement for the current year.
Business
1 answer:
Alenkinab [10]3 years ago
8 0

Answer:

so sry idk

Explanation:

You might be interested in
When it comes to investing, what is the typical relationship between risk and return?
bonufazy [111]
D i would think im not shure thoe
5 0
3 years ago
Read 2 more answers
Let's say you graduate from school and you are unemployed or take a low-paying job. What are your debt
elena55 [62]

Answer:

c

Explanation:

7 0
3 years ago
Read 2 more answers
What report do you receive after you complete the FAFSA?
suter [353]

Answer:

B) Student Aid Report (SAR)

Explanation:

This is the report you get after completing the government provided FAFSA.

3 0
3 years ago
Read 2 more answers
Can Anybody Help? Need All 4 Questions Answered
Marat540 [252]

Answer:

1. It is ethical for her to list her job duties in great detail as she ahs still done the job in question.

2. It is unethical to embellish her job responsibilities as she includes responsibilities in her job that she has not done and has therefore lied to the job she is applying for.

3. Problems she may face is being fired for lying, made to do work that is not in her capabilities and can potentially damage the work assigned and job in general, as well as trouble by her colleagues and boss

4. She can include attributes that make her a promising individual. For example she states she can "learn on the fly" and thus can write in her resume that she is a quick learner and can adapt easily to her surroundings.

3 0
3 years ago
Assume the following data for Cable Corporation and Multi-Media Inc.
Tatiana [17]

Answer:

a-1 Cable Corporation 13.05

Multi-media Inc. 33.1%

a-2 Multi-Media Inc.

2. Cable Corporation Multi-Media Inc.

Net income/Sales 9.84% 5.19%

Net income/Total assets 7.76% 14.51%

Sales/Total assets .79 times 2.80 times

Debt/Total assets 40.55% 56.17%

Explanation:

a-1. Computation to determine the return on stockholders’ equity for both firms.

CABLE CORPORATION

Using this formula

Return on Stockholders’ Equity= Net Income / Stockholder’s equity

Let plug in the formula

Return on Stockholders’ Equity=$31,200 / 239,000

Return on Stockholders’ Equity= 0.1305*100

Return on Stockholders’ Equity=13.05%

MULTI-MEDIA INC.

Return on Stockholders’ Equity=$140,000 / 423,000

Return on Stockholders’ Equity= 33.1%

a-2. Based on the above calculation the firm that has the higher return is MULTI-MEDIA INC.

b. Computation for the following additional ratios for both firms.

Cable Corporation Multi-Media Inc.

Net income/Sales 9.84% 5.19%

($31,200/317,000=9.84%)

($140,000/2,700,000=5.19%)

Net income/Total assets 7.76% 14.51%

($31,200/402,000=7.76%)

($140,000/965,000=14.51%)

Sales/Total assets .79 times 2.80 times

(317,000/402,000=.79 times

(2,700,000/965,000=2.80 times)

Debt/Total assets 40.55% 56.17%

(163,000/402,000=40.55%)

( 542,000/965,000=56.17%)

4 0
3 years ago
Other questions:
  • A(n) __________is a test where a candidate is put into a high-pressure situation in a controlled environment so that the danger
    14·1 answer
  • If the effective annual rate of interest is known to be 16.08% on a debt that has quarterly payments, what is the annual percent
    9·1 answer
  • Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession 0.
    10·1 answer
  • Companies address needs by putting forth a ________, a set of benefits that they offer to customers to satisfy their needs.
    5·1 answer
  • The present value of the following cash flow stream is $8,250 when discounted at 8.7 percent annually. What is the value of the
    15·1 answer
  • What is the main purpose for the operation bank
    11·1 answer
  • What does cc and bcc mean in business studies​
    9·1 answer
  • Perez Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside Pe
    9·1 answer
  • Times Inc. is trying to develop an asset-financing plan. The firm has $540,000 in temporary current assets and $440,000 in perma
    11·1 answer
  • Which has a higher flow rate? 10 customers arriving over two hours or 10 customers arriving over three hours?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!