Answer:
net income 4,385
Explanation:
The income statment will only include revenues and expenses account.
A revenue will be the gain realized from the business main activity or secondary like interst or rental revenues.
While expenses will be the cash erogation or losses iincurred in the business activities, their financing like interest expenses and other.
revenues 9,850
expenses <u> 5,465 </u>
net income 4,385
The loan is not an expense. It wil lbe the interest it generated but we aren't given with that information
The dividends also aren't an expense they represent the return to the investors.
Answer:
The Break-even annual sales= $2,222,222.22
Explanation:
<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>
Contribution margin ratio = (20-5)/20=75%
Break-even (units) = Total general fixed cost /(selling price- variable cost)
= 5,000,000/75%
= $6,666,666.67
The annual sales = $6,666,666.67/3 = $2,222,222.22
The Break-even annual sales= $2,222,222.22
Answer:
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Explanation:
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Answer:
The question is missing cash value to the tune of $39200.00
The statement of goods manufactured schedule has $400,620.00 as the costs of goods manufactured
Secondly, the income statement has $ 77,380.00 as gross profit.
Lastly, the balance sheet has total current assets as $165,100.00.
Find details in the attached excel file.
Explanation:
Please note that items relating net income were omitted as there was no requirement to calculate net income for the year,only gross profit is required.
Your answer is A.) present details that explain your request
