Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The calculation is shown below:
= Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense - income tax expense
where,
Income tax expense = (Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense) × income tax rate
= ($2,409,400 + $38,100 - $1,463,800 - $222,000 - $286,700 - $48,900) × 30%
= $426,100 × 30%
= $127,830
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
Supplier's quotation (2,400 x $6.25) 150,000
Less: Relevant cost of production:
Direct material (2,400 x $31) 74,400
Direct labour (2,400 x $18) 43,200
Variable overhead (2,400 x $9) <u>21,600</u> <u>139,200</u>
Savings <u> 10,800</u>
The parts should be produced in-house since the relevant cost of production is lower than supplier's quotation.
Explanation:
In this case, we need to compare supplier's quotation to the relevant cost of production. The price of $6.25 above was computed by dividing the total price charged by the supplier by the number of parts. Moreso, the relevant cost of production is obtained by the aggregate of direct material, direct labour and variable overhead.
They should talk avout why they should be jired for the job and why thw want the job.
Answer:
The correct answer to the following question will be "4 to 5".
Explanation:
Fast-service restaurants are inclined to spend 4 or 5 percent of their sales on ads, almost as much as the casual, fast-casual, or family restaurant, or dining room, does.
Ways to attract further friends to Hotel Streamline Booking procedures:
- Manage the deals and prices.
- Customize Hotel Experience.
- Harnessing Internet Energy.
- Up The Stakes Social Media.
With your friends, log in Evaluate Chambers.
Therefore, 4 to 5 is the right answer.
Answer:
The cash flow from program operation is $1,600,000.
Explanation:
Prepare the Cash Flow from Operating Activities Section to determine the cash flow from program operation.
<u>Cash Flow from Operating Activities</u>
Revenue $3,000,000
Less Expenses :
Operating Expenses $1,000,000
Interest expense $200,000
Management fees $200,000
Depreciation $3,000,000 ($4,400,000)
Operating Profit / (Loss) ($1,400,000)
Add Back Depreciation $3,000,000
Operating Cash flow $1,600,000
