The preparation of the multi step income statement is shown below
Pacific Scientific Corporation
Multi - step income statement
On December, 2021
Sales revenues $2,106
Less: Cost of goods sold -$1,240
Gross profit $866
Operating expenses
Less: Selling expenses -$126
Less: General and administrative expense -$105
Total operating expenses -$231
Operations income $635
Non operating and other items
Interest expenses -$40
Gain on sale of investment $45
Total non operating $5
Earning before taxes $640
Less- Income tax expense at 30% -$160
Net income $480
Answer:
net income is 2.7 million
Explanation:
given data
beginning of year decrease = $1.5 million
dividend = $4.2 million
to find out
net income
solution
we know that here relation that is
net income + Beginning retained earning - dividend = Ending retained earning
so here Beginning retained earning - Ending retained earning = $1.5 million
so
Beginning retained earning - Ending retained earning = dividend - net income
put here value so net income will be
1.5 = 4.2 - net income
net income = 4.2 - 1.5 = 2.7
net income is 2.7 million
Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.
In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.
Short term = 52/60 = 86.7%
Long term - 6/60 = 13.3%
Answer:
The after-tax MARR is 13.26%
Explanation:
After - tax MARR = Before tax MARR*(1 - tax rate)
= 17%*(1 - 22%)
= 13.26%
Therefore, The after-tax MARR is 13.26%
