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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        

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Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of oper
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Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:

Variable costs per unit:                        

Manufacturing:

Direct materials                                               $ 6

Direct labor                                                      $ 9

Variable manufacturing overhead                 $ 3

Variable selling and administrative                $ 4  

Fixed costs per year:

Fixed manufacturing overhead                      $ 300.000

Fixed selling and administrative                     $ 190.000

During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.

The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.

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7 0
2 years ago
A contingency reserve is money assigned to the project and allocated for identified risks for which contingent responses are dev
Rudik [331]

Answer:

The correct answer is letter "A": True.

Explanation:

Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.

3 0
3 years ago
How would the inventory cost change if labeling and packing were moved to the DC? Assuming the demands are independent of each o
umka2103 [35]

Answer:

Firstly packaging and labeling costs can be either be charged on variable overheads cost or on selling overheads costs( distribution and marketing cost).

Assuming they are charged on Selling overheads cost:

There are no figures to illustrate the change on inventory cost as a result of moving Labeling and packaging from selling overheads to Direct Costs ( DC) but indefinitely when there are new costs charged to the direct costs of inventory, inventory cost will increase by their exact costs.

If they are charged on Variable overheads then they are already part of inventory cost as is variable cost on Work in process therefore there wont be change in inventory cost just change in direct material.

Explanation:

6 0
3 years ago
Which of the following types of product sales are most
xeze [42]
Stereo speakers, new car, furniture, an expensive watch
4 0
2 years ago
Read 2 more answers
Consider the following production function: q = 7LK + 5L^2 - (1/3) L^3. Given the following expressions for the marginal product
natali 33 [55]

Answer:

The  value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285

Explanation:

MRTS_KL = MP_L/MP_K

                 = (7K + 10L - L^2)/7L

                 = (7*30 + 10*15 - (15)^2)/7*15

                 = 1.285

Therefore, The  value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285

6 0
3 years ago
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