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
ss7ja [257]
3 years ago
15

The following information was extracted from the 2020 financial statements of Max Company: Income from continuing operations bef

ore income tax $705,000 Selling and administrative expenses 480,000 Income from continuing operations 495,000 Gross profit 1,350,000 The amount reported for other expenses and losses is
a. $210,000
b. $15,000.
c. $165,000.
d. $225,000.
Business
1 answer:
Bezzdna [24]3 years ago
5 0

Answer:

c. $165,000.

Explanation:

Gross profit $1,350,000

Selling and administrative expenses $480,000

Income from continuing operations before income tax $705,000

Income from continuing operations 495,000

Total Expenses = Gross Profit - Income from continuing operations before income tax

Total Expenses = $1,350,000 - $705,000 = $645,000

Other Expenses = Total Expenses - Selling and administrative expenses

Other Expenses = $645,00 - $480,000 = $165,000

You might be interested in
The top management of a cereal manufacturing company wants to change the packaging of their products and appeal to attract a you
dimaraw [331]
<span>The nominal group technique which is a group process involving problem identification, solution generation, and decision making. Its uses are in groups of many sizes, who want to make their decision quickly, as by a vote, but want everyone's opinions taken into account</span>
5 0
3 years ago
Which type of economy features a direct exchanges of goods or services without the use of money?
gayaneshka [121]

The answer is BARTER or TRADE

7 0
4 years ago
Read 2 more answers
Which of the following best shows how the farmer’s records can help develop an accurate yield estimate in the scenario below?
DENIUS [597]

Answer:

A

Explanation:

5 0
3 years ago
A firm has total assets of $310,100 and net fixed assets of $168,500. the average daily operating costs are $2,980. what is the
aksik [14]
To calculate the value of the interval measure:
Interval measure = (total assets - net fixed assets)/daily operating costs

Total assets = $310,100
Net fixed assets = $168,500
Daily operating costs = $2,980

Interval measure = ($310,100 - $168,500)/$2,980
Interval measure = $141,600/$2,980
Interval measure = 47.52 days
8 0
3 years ago
Some shows are produced specifically for the syndication market. These are known as ________ syndication.
seropon [69]

Answer: First-run syndication

Explanation:

Syndication refers to when multiple television and radio stations are able to lease the rights to a program without them having to do so through a broadcast network.

First-run syndication means that a show was first broadcast on several television stations because it was made to be broadcast as such. In other words the creators produced it specifically for the syndication market or purchased the rights from another country and then sold it into syndication in a country in which it was broadcasting for the first time.

7 0
3 years ago
Other questions:
  • Brooks Foundry in Rochester comma New York​, uses a predetermined manufacturing overhead rate to allocate overhead to individual
    15·1 answer
  • Students have the right to express themselves through speech provided the speech is not obscene, vulgar, or disruptive.
    12·2 answers
  • How long will it take for an investment of $15,000 to grow to $19,100 if the investment earns interest at the rate of 9%/year co
    5·1 answer
  • Increased professionalism in police forces has been made possible by two-way radios, telephones, and automobiles. in what way ha
    7·1 answer
  • When Japanese carmakers attacked the existing U.S. automobile market by first offering small fuel-efficient cars, and then lever
    15·2 answers
  • A constant debt-to-GDP ratio in a growing economy is consistent with:
    7·1 answer
  • If the total cost of producing 4 units is $150 and the marginal cost of producing the fifth unit is $20, then the total cost of
    14·1 answer
  • Erik is a sales representative for an established building materials manufacturer. Business is good, but he is concerned that th
    15·1 answer
  • How many Districts is our FED split into?<br> 08<br> O 10<br> O 12<br> O 15
    10·1 answer
  • The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!