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
Anna71 [15]
3 years ago
7

Consider the following year-end information for Spitzer Corporation: Cost of goods sold $420,000 Sales revenue 800,000 Nonoperat

ing expenses 10,000 Operating expenses 170,000 Income tax expense 80,000 What amount will Spitzer report for operating income
Business
1 answer:
gayaneshka [121]3 years ago
6 0

Answer:

$210,000

Explanation:

operating income or EBIT = net sales revenue - cost of goods sold - operating expenses

in this case:

EBIT = $800,000 - $420,000 - $170,000 = $210,000

net income = EBIT - non-operating expenses - income taxes = $210,000 - $10,000 - $80,000 = $120,000

You might be interested in
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization sch
Kobotan [32]

Answer:

c. 7%

Explanation:

According to the given scenario, the computation of the annual stated interest rate on the bonds is shown below:-

Sated interest Rate = Cash interest ÷ Face Value of the bond × 2

= $7,000÷ $200,000 × 2

= 7%

Therefore for computing the annual stated interest rate on the bonds we simply applied the above formula. hence the correct option is c

6 0
3 years ago
Stock in dragula industries has a beta of 1.1. the market risk premium is 7 percent, and t-bills are currently yielding 4.5 perc
antiseptic1488 [7]
Idk i just need points Lol.
8 0
3 years ago
Which type of loan requires that you pay the interest accumulated during college?
butalik [34]
B. the subsidized federal loan /////////////////////

7 0
2 years ago
Read 2 more answers
The production of small consumer goods is referred to as?
AURORKA [14]
The correct answer is  :  light Industry

Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented
8 0
3 years ago
Which of these are examples of opportunity cost?
Irina-Kira [14]

<em>Answer: The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources</em>

<em />

<em>Explanation:</em>

6 0
2 years ago
Other questions:
  • A company incurs advertising costs of $10,000. The company's three selling departments have the following sales: Department 1—$1
    15·1 answer
  • The ultimate source of an organization's culture is Group of answer choices A. Its top management Its environment B. The country
    10·1 answer
  • The primary goal of the consumer financial protection bureau is everfi answer
    8·1 answer
  • 4. Select an industry and consider how the industry life cycle has affected business strategy for the firms in that industry ove
    15·1 answer
  • Greg is planning an advertising campaign to promote his kayak tour company. The success of his ad campaign depends on ________.
    8·1 answer
  • Shackleford corporation net income this year is $800,000. The company generally retains 35% of net income for reinvestment. the
    5·1 answer
  • After an interview, you are told that the company is unsure of when a decision will be made. Because you have some time and want
    6·1 answer
  • When bonds are sold at a discount, if the annual straight-line amortization amount is compared to the annual effective interest
    7·1 answer
  • Enter mia profit/loss for the 2 month
    15·1 answer
  • The GATT agreement was replaced by the World Trade Organization.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!