1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Furkat [3]
2 years ago
8

This information relates to Sunland Company for the year 2017. Retained earnings, January 1, 2017 $83,080 Advertising expense 2,

232 Dividends 7,440 Rent expense 12,896 Service revenue 71,920 Utilities expense 2,976 Salaries and wages expense 37,200 After analyzing the data, prepare an income statement for the year ending December 31, 2017.
Business
1 answer:
babymother [125]2 years ago
8 0

Answer:

Net Income : $16.616

Retained Earnings: $92.256

Please see details below:

Explanation:

Income Statement 2017

Sales  $71.920  

Advertising Expenses -$2.232  

Miscellaneous Expenses -$50.096  

Utilities Expenses -$2.976  

Net Income $16.616  

Retained Earnings Report  

Opening retained earnings $ 83.080

Add: Net Income $ 16.616

Subtotal $ 99.696

Less: Dividens -$ 7.440

Total $ 92.256

You might be interested in
For the underwriting of a municipal bond issue, competitive bids are submitted by underwriters as A) a best efforts underwriting
makkiz [27]
B a standby underwriting commitment.
3 0
2 years ago
_______ is a great way to broaden or narrow your search.
natulia [17]
D asking your instructor to assign you a topic
5 0
3 years ago
Read 2 more answers
Robinson Crusoe has formed a business that sells carved gourmet coconuts. He has hired five employees. The most senior is Friday
shusha [124]
The answer is B) Operations
4 0
3 years ago
Samson, Inc. had the following balances and transactions during​ 2019: Beginning Merchandise Inventory 10 units at $ 94 March 10
lubasha [3.4K]

Answer:

The answer is attached;

Explanation:

Download xlsx
3 0
3 years ago
Economic Order Quantity computes:
Mamont248 [21]

Answer:

D: Optimum Order size​

Explanation:

Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.

Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.

7 0
3 years ago
Other questions:
  • What strategy of modern manufacturing is Adam Smith referring to in this statement? "To take an example, therefore, from a very
    13·1 answer
  • If the price elasticity of demand is 1.8 then a 30 percent decrease in the price of the good will lead to a _______ percent incr
    10·1 answer
  • Eve transfers property (basis of $120,000 and fair market value of $400,000) to Green Corporation for 80% of its stock (worth $3
    6·1 answer
  • 22. The price at which a bond sells is equal to the: A) Sum of the future interest payments, plus the maturity value of the bond
    9·1 answer
  • The price of apples falls. what happens in the market for apple pies?
    5·1 answer
  • Department S had no work in process at the beginning of the period. It added 13,000 units of direct materials during the period
    6·1 answer
  • I need help asap ! thank you :)
    9·1 answer
  • Bob and Suzie are both signing a contract where Bob agrees to remove a beehive and Suzie agrees to pay Bob $120. 0. What is the
    9·1 answer
  • It is important for a good economic model to predict cause and effect so that it can?
    14·1 answer
  • Select the correct answer how many justices must agree to an opinion for the Supreme Court to issue a decision
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!