The preparation of Reading Readiness, Inc.'s multi-step Income Statement for the month ended January 31 is as follows:
Reading Readiness, Inc.
Income Statement
For the month ended January 31
Sales Revenue $175,500
Less:
Sales Returns 4,700
Sales Discounts 6,000
Net Sales $164,800
Cost of Goods Sold 67,700
Gross profit $97,100
Expenses:
Salaries and Wages $25,900
Depreciation Expense 13,800
Rent Expense 24,000
Operating expenses $63,700
Operating income $33,400
Interest Expense 1,600
Income before tax $31,800
Income tax expense 7,700
Net income $24,100
Data and Calculation:
Gross profit percentage = 59% ($97,100/$164,800 x 100)
Thus, the net income after deducting the income tax expense is $24,100.
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Answer:
if im not mistaken.. i would say its -3.5 or -7/2
Step-by-step explanation:
Answer:
Step-by-step explanation:
<u>Trigonometric Ratios
</u>
This problem will be solved by the use of a trigonometric ratio called sine because it relates the opposite side of a given angle with the hypotenuse of the triangle.
Selecting the angle of 60° in triangle ABD:
<em>Sine Ratio
</em>
Solving for BD:
Since
Simplifying:
Stream
Victon what I said !
The scale factor is 1/2 or .5 because 200*.5=100 and 100*.5=50 and so on
