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.
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Answer:
1/3??? im probably wrong but i would answer it like this.
Step-by-step explanation:
Answer:
I need more detail............,.....
They would each be about 0.6875 pounds or 11 ounces.
The option that represents the answers for 6, 8, 10, and 14 is the second option- 31, 41, 51, 71
<h3>Sequence and Series </h3>
From the question, we are to determine the option that represents the answer for pictures 6, 8, 10, and 14
In the given diagram,
The first picture requires 6 matches
The 2nd picture requires additional 5 matches
the 3rd picture requires additional 5 matches
and so on
That is
1 → 6
2 → 6 + 5 = 11
3 → 11 + 5 = 16
4 → 16 + 5 = 21
5 → 21 + 5 = 26
6 → 26 + 5 = 31
7 → 31 + 5 = 36
8 → 36 + 5 = 41
9 → 41 + 5 = 46
10 → 46 + 5 = 51
11 → 51 + 5 = 56
12 → 56 + 5 = 61
13 → 61 + 5 = 66
14 → 66 + 5 = 71
Hence, the option that represents the answers for 6, 8, 10, and 14 is the second option- 31, 41, 51, 71
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