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.
Learn more: brainly.com/question/24257787
Answer:
the answer would be anything 11 and under (11,10,9,8,7,6,5,4,3,2,1,0)
Step-by-step explanation:
This is because if n+5 is less than or equal to 16 then 11+5=16 so that is equal to and less than would be using any number less than 11
hope this helps ;)
Answer:
Quinn did not make a mistake. This is because everything she did is correct and also if we calculate the expression without doing anything she did, we see that she has the right answer.
I think if I do this correctly, the answer is x<-1
Answer:
From the graph, the slope is -4/5 and the y-intercept is 4 so the slope-intercept equation is y = -4/5x + 4. To convert to standard form we'll do:
y = -4/5x + 4
5y = -4x + 20
4x + 5y = 20
