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
SIZIF [17.4K]
3 years ago
13

The following is a partial year-end adjusted trial balance. Account Title Debits Credits Sales revenue 300,000 Loss on sale of i

nvestments 22,000 Interest revenue 4,000 Cost of goods sold 160,000 General and administrative expenses 40,000 Restructuring costs 50,000 Selling expenses 25,000 Income tax expense 0 Income tax expense has not yet been recorded. The income tax rate is 40%. a. Determine the operating income (loss). b. Determine the income (loss) before income taxes. c. Determine the net income (loss).
Business
1 answer:
Varvara68 [4.7K]3 years ago
5 0

Answer:

Operating income    75,000

EBT                            57,000

Net income ncome  34,200

Explanation:

Sales revenue       300,000

Cost of goods sold (160,000)

G&A expenses         (40,000)

Selling expenses   <u>   (25,000)  </u>

Operating income    75,000

loss on sale              (22,000)

interest revenue          4,000

EBT                            57,000

income tax expense

57,000 x 40% =        (22,800)

Net income ncome  34,200

You might be interested in
A professional sports team that earns more annual revenue than a small-market team is a _____________, fill in the blank,.
Kryger [21]

A professional sports team that earns more annual revenue than a small-market team is a big market team. This is further explained below.

<h3>What is a big market team?</h3>

Generally, a big market team is simply defined as Playing for a "big market" team usually means getting a lot more attention than you would if you were on a "small market."

In conclusion, big-market sporting teams have yearly revenues that are higher than those of smaller teams.

Read more about the big market team

brainly.com/question/23061423

#SPJ1

8 0
2 years ago
Which is NOT a crucial question about target markets? Select one:
BlackZzzverrR [31]

Answer:

a. Is there a pain we can alleviate at an attractive price?

7 0
3 years ago
Indigo Ink Supply paid a dividend of $5 last year on its common stock. It is expected that this dividend will grow at a rate of
pychu [463]

Answer:

a.

1st $5.43

2nd $5.89

3rd $6.39

4th $6.93

5th $7.52

6th $7.81

b.

$75.85

Explanation:

Dividend is the payment to the stockholders out of earning of the company. Companies have a dividend policy which determine the future dividend payments.

Dividend of each year can be calculated by using the growth rate as a discount in the compounding formula.

Dividend Payment

First year = $5 x ( 1 + 8.5% )^1 = $5.43

Second year = $5 x ( 1 + 8.5% )^2 = $5.89

Third year = $5 x ( 1 + 8.5% )^3 = $6.39

Fourth year = $5 x ( 1 + 8.5% )^4 = $6.93

Fifth year =$5 x ( 1 + 8.5% )^5 = $7.52

Sixth year = $7.52 x ( 1 + 3.8% )^1 = $7.81

b.

Intrinsic value of the stock is the present value of all the associated dividends

We need to calculate the present value of all the dividend payment.

First year = $5.43 x ( 1 + 11.5% )^-1 =  $4.87

Second year = $5.89 x ( 1 + 11.5% )^-2 = $4.74

Third year = $6.39 x ( 1 + 11.5% )^-3 = $4.61

Fourth year = $6.93 x ( 1 + 11.5% )^-4 = $4.48

Fifth year = $7.52 x ( 1 + 11.5% )^-5 = $4.36

After fifth year the dividend will be discounted as follow

PV of dividend after fifth year = [ $7.81 / (11.5% - 3.8%) ] x [ (1+11.5%)^-6 ] = $52.79

Intrinsic Value of Stock = Sum of PV of all dividends = $4.87 + $4.74 + $4.61 + $4.48 + $4.36 + $52.79 = $75.85

6 0
3 years ago
Why do we need resources?
Vesna [10]

Answer:

we need resources because they are important for the development of the country.

false

human resources can be categorized into three groups

resource- a natural source of wealth or revenue

false

coal

true (I think)

false

true

banks

apples

false

3

5 0
3 years ago
Cuba is a command economy that suffered a decline in economic growth because of a cut in the aid provided by the former Soviet U
katen-ka-za [31]

Answer:

Experience an inward shift of its production possiblity curve.

Explanation:

Production possiblity curve is a graphical representation of the maximum number of products that a company can produce, if it produce only two product using all the resources efficiently. The maximum production possiblity of one product is shown on one side graph and another product on other side to compare which product can be produced to reduce cost and wastage while maximizing the profit. This also help the management to know the effecient use of resources or factor of production; Land, labour, capital and entrepreneurship. Therefore, lack of resources to Cuba have lead it´s economy to decline.

4 0
3 years ago
Other questions:
  • Priscilla has the following inventory information.
    6·1 answer
  • What does a merchant wholesaler do?
    13·2 answers
  • Brandon Ramirez wants to set up a scholarship at his alma mater. He is willing to invest $320,000 in an account earning 11 perce
    7·1 answer
  • If shondra really wants to borrow alicia's shoes but she thinks she may refuse, the idea of the foot-in-the-door technique state
    14·1 answer
  • Nicole knows her restaurant is understaffed today. She is hoping to get through the day without falling below her customers' ___
    6·1 answer
  • Designer Dollhouses manufactures dollhouse kits that are meant to be assembled by customers. Each kit sells for $60 and has $12
    15·1 answer
  • An example of capital is?
    15·1 answer
  • Which is not a consideration when allocating assets and diversifying? A. Real estate holdings B. Avoiding similar investments C.
    6·1 answer
  • Which form of feasibility incorporates both physical and mental integration of the design work system during job completion
    14·1 answer
  • Five fundamental economic problems​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!