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3 years ago

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

Business

1 answer:

MrRissso [65]3 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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3 years ago

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Answer:

Entries are given below

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DEBIT CREDIT

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3 years ago

According to the textbook, the only way to know if your product or service is what people want is by ________. talking to them l

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The answer is by having to survey the people or the consumers. For this could serve as a basis and to be able to determine the wants of the people and the popular trends in which they will like and what they want, in helping to produce better products and service.

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