An interview is an primary or secondary research

Wayman Corporation reports the following amounts in its December 31, 2018, income statement. Sales revenue $ 376,000 Income tax

NemiM [27]

Answer:

Wayman Corporation

Income statement for the year ended December 31, 2018

Amount in $ Amount in $

Sales revenue 432,000

Cost of goods sold (136,000)

Gross profit 296,000

Operating expenses

Salaries expense 46,000

Advertising expense 36,000

Utilities expense 56,000 (138,000)

Operating income 158,000

Non-operating or other

Interest expense (26,000)

Income before income taxes 132,000

Income tax expense (56,000)

Net income  76,000

Explanation:

A multiple income statement is one in which incomes and expenses are classified under operating and non-operating heads. Like other forms of income statement, it shows the income and expenses of an entity for a given period of time.

5 0

3 years ago

3. If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious Avian Bird Flu," what woul

Vadim26 [7]

Answer:

If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.

The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.

The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.

5 0

3 years ago

Reynold's Company has a product with fixed costs of $309,000, a unit selling price of $24, and unit variable costs of $21. The b

Serhud [2]

Answer:

The answer is 51,500 units

Explanation:

Break-even sales is a point in which a business or a firm neither make profit nor loss. Total Revenue equals total cost. Break-even sales help to know the point at which business starts to make profit.

Break-even sales is:

Fixed cost/contribution margin.

Where contribution margin is sales price per unit minus variable cost per unit.

In the question, variable cost are decreased by $3.

So the new variable cost is $21 - $3

=$18.

Contribution margin is $24 -$18

$6

Therefore, The break-even sales (units) if the variable costs are decreased by $3 is:

$309,000/$6

=51,500 units

3 0

3 years ago

You want to buy a puppy. One of the kids at school has a dog that just had a litter of puppies. You ask her if you can get one o

VikaD [51]

Answer: The answer is Yes. This is because you have a choice to accept or decline.

8 0

3 years ago

Janet saw on the news where a family of seven children perished in a house fire—it was also revealed that the house did not cont

andreev551 [17]

Answer:

Proposition of Fact

Explanation:

A proposition of fact is the argument that tries to convince the audience about a course of action which the argument maker desires everyone must accept. So in this scenario, Janet brings forward a solid argument which is supported by the accident outcome and this argument can be used to convince the audience.

5 0

3 years ago