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4 years ago

Wayman Corporation reports the following amounts in its December 31, 2021, income statement.

Business

1 answer:

MrRissso [65]4 years ago

6 0

Answer:

Wayman Corporation

Multiple-step income statement

Sales $425,000

Less: Cost of goods sold $135,000

Gross Profit $290,000

Operating Expenses

Salary Expenses $45,000

Utility Expenses $55,000

Advertising Expenses $35,000

Total Operating Expenses ($135,000)

Net Operating Income $155,000

Other Income and Expenses

Interest expense $25,000

Net Income before Tax $130,000

Income tax expense $55,000

Net Income $75,000

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select all that apply what are important characteristics of a market segment? multiple select question. capturable large accessi

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2 years ago

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“Landlord” and “6 or 12”

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3 years ago

Assume you had determined that John Firestone, vice president of Pierce Chemicals, was a prospect for your paper and metal conta

Nuetrik [128]

Answer: Please refer to Explanation.

Explanation:

1. Honesty.

State the purpose of your call to the secretary and sell your product. For instance, " Hello, my name is Mr. Petal and I represent a fast rising Paper and Metal Container company. After researching about your company, I felt it most expedient to get in touch with Mr. Firestone as I believe this is business he will be interested in. We offer perks that are unmatched in the industry".

2. Persistence.

You can be persistent on the phone if you detect deceit in the secretary's tone.

For instance,

" Having been in the chemical industry myself, I know such an opportunity does not come often and I really do guarantee that we give the best benefits in the industry. If you can, just let me talk to Mr. Firestone, I promise that neither of you will regret it".

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3 years ago

Movie Makers is a legal entity whose assets and liabilities are separate from its owners. It can receive, own, and transfer prop

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Answer:

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Explanation:

The corporation is a legal business entity that is separated from its owners with respect to the assets and liabilities.

In this business entity, they have the right to received, owned or even transferred the property who are entered into contracts with the other legal entities or with the individuals

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3 years ago

Packard Corporation reported pretax book income of $500,000. Included in the computation were favorable temporary differences of

melomori [17]

Answer:

The corporation's current income tax expense or benefit would be $170100.

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