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
Snezhnost [94]
3 years ago
7

Income statement. Construct the Barron​ Pizza, Inc. income statement for the year ending 2015 with the following information ​(t

he dollar amounts are in thousands of dollars​): Shares outstanding: 16,600,000 Tax rate: 375% Interest expense: $6,000 Revenue: $889,413 Depreciation: $31,373 Selling, general, and administrative expense: $77,567 Other income: $1,244 Research and development: $4,095 Cost of goods sold: $750,631 Income Statement Barron Pizza, Incorporated Year Ending 2015 (thousands of dollars) 1 $2 $Gross proft $ 3 $4 $Operating income $ 6 $EBIT $7 $ Income before tax $8 $Net income $Shares outstanding $Earnings per share $

Business
1 answer:
aliya0001 [1]3 years ago
6 0

Explanation:

The construction of the income statement for the year ending 2015 is attached in the attachment. Kindly find it below:

As we know that the income statement records only the revenue and the expenses for the particular year

If the income is higher than the revenue, the company earns the net income otherwise it is a net loss and the same is to be reported on the statement of the stockholder equity

The earning per share is

= Net income ÷ Shares outstanding

and the same is shown in the attachment        

You might be interested in
On January 1, a machine with a useful life of five years and a residual value of $5,000 was purchased for $25,000. What is the d
emmasim [6.3K]

Answer:

c. $4,000

Explanation:

The computation of the depreciation expense for year 2 under straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($25,000 - $5,000) ÷ (5 years)

= ($20,000) ÷ (5 years)  

= $4,000

In this method, the depreciation is same for all the remaining useful life i.e $4,000 is charged for remaining three years

7 0
3 years ago
Suppose that an increase in consumer confidence raises consumers' expectations of future income and thus the amount they want to
Anni [7]
It will affect the investment and the interest rate when people consume more, investments will increase as they buy more products. An increase in consumer confidence would result to an increase in consumption of goods and commodities. The interest rate will higher as the demand for capital also rises and consumer spending rises due to the demand also arises.
5 0
3 years ago
You would most likely use a _____ to input old photos into a computer.
Westkost [7]
You would most likely use a scanner to input old photos into a computer.
6 0
3 years ago
Read 2 more answers
What is the present value of the following cash-flow stream if the interest rate is 5%? (Do not round intermediate calculations.
ira [324]

Answer:

present value  = $785.21

Explanation:

given data

interest rate r = 5%

Year 1 Cash Flow  C1 = $190

Year 2 Cash Flow  C2 = $390

Year 3 Cash Flow  C3 = $290

time t = 3 year

solution

we get here present value of cash-flow stream that is express as

present value = \frac{C1}{(1+r)} + \frac{C2}{(1+r)^2} + \frac{C3}{(1+r)^3}    ......................1

put here value and we get

present value  = \frac{190}{(1+0.05)} + \frac{390}{(1+0.05)^2} + \frac{290}{(1+0.05)^3}

present value  = $785.21

6 0
3 years ago
A subtle form of racial discrimination in housing is "racial steering." racial steering occurs when real estate agents show pros
anzhelika [568]
The table represented below is how the people were divided in the household.

As you can see, the white people have more privileged to stay in the household. And the consistency of having the black people rented are of minimum. This violates the policy because of it's unfair system to the people and the division of the homes.

3 0
3 years ago
Other questions:
  • You are given the following goal at work - Using the manufacturing parts list of 200 items and count the inventory in the wareho
    15·1 answer
  • To ensure efficient, clear, communication, the national incident management system characteristics recommend the use of:
    8·2 answers
  • A company had the following purchases and sales during its first year of operations:Purchases SalesJanuary: 10 units at $120 6 u
    6·1 answer
  • Sean McGowan renewed his membership at Bargain Barn. Shortly after renewing the card, Sean started receiving calls from collecti
    12·1 answer
  • The demand for bus rides is a downward-sloping straight line demand curve. The price elasticity of demand for bus rides ________
    14·1 answer
  • List 2 benefits of financial planning
    14·1 answer
  • Which of the following statements about government deficit spending is most accurate?
    13·1 answer
  • An emergency fund should NOT be used for...
    12·1 answer
  • If the Federal Open Market Committee decides to increase the money supply, then the Federal Reserve Group of answer choices crea
    6·1 answer
  • The preventative maintenance plan for your automobile is $896. If you were required to replace your battery and starter for $98
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!