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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

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Answer:

The correct answer is the option C: changes in M in the short run can cause Real GDP to fall.

Explanation:

To begin with, the monetarist economists are the one that support the idea of not having any intervention from the government regarding the economy and moreover they are the ones whose ideology focus mainly in the money, as it name indicates. Therefore that when the government decides in the short run to increase the amount of the money supply then the monetarists argue that the action done by them will cause the Real GDP to fall because of the high inflation that it will cause the increase of the money supply and consequently low demand, etc.

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3 years ago
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2021 totaled $565,000. The e
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Answer:

$90,400

Explanation:

Mondale Winery depreciates it's equipment by making use of the group method.

The cost of equipment that was purchased in 2021 totaled $565,000

The residual value of the equipment was $54,000

The group depreciation rate is 16%

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Therefore, the annual depreciation can be calculated as follows

Annual depreciation= Cost of equipment × Group depreciation rate

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3 years ago
What is the minimum value of the box-and-whisker plot?
natka813 [3]

Answer:

A;36

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The dot at the very right end of it is the maximum, where the largest number is.

After that, the box to the right is the upper quartile.

On the left, the box on the left is the lower quartile.

In between the right and left of the box is the median, which seperates the upper quartile by the lower quartile.

Finally, we have the dot farthest to the left, which is the minimum.

So on our box and whisker chart, lets look at the dot farthest to our left, since thats the minimum.

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Hope this helps! ;)

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Some of the techniques used in after-sales service include

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