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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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Answer:

Communication

Explanation:

Communication is the exchange and flow of information and ideas from one person to another; it involves a sender transmitting an idea, information, or feeling to a receiver

5 0
3 years ago
What is digital citizenship?
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4 0
3 years ago
Assume a project will increase inventory by $61,000, accounts payable by $28,000, and accounts receivable by $36,000. what is th
masha68 [24]

The initial net working capital requirement for this project exists $69,000.

<h3>What is meant by net working capital?</h3>

The difference between a company's current assets such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods and its current liabilities such as debts and accounts payable is known as working capital, sometimes known as net working capital (NWC).

The difference between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.

net working capital requirement = $61,000 − 28,000 + 36,000

net working capital requirement = $69,000

The initial net working capital requirement for this project exists $69,000.

To learn more about net working capital refer to:

brainly.com/question/26214959

#SPJ4

8 0
2 years ago
The notation is Y = GNP = national income C = consumption I = private investment G = government spending X = exports M = imports
IRINA_888 [86]

The true statement is <em>D. When </em><em>BCA</em><em> is negative, it implies that government </em><em>budget deficits</em><em> and/or part of </em><em>domestic investment </em><em>are being financed with </em><em>foreign-controlled capital</em><em>.</em>

The above statement is based on the intimate relationship between a country's Balance of the Current Account (BCA) and how the country finances its domestic investments and pays for government expenditure.

Explanation:

National income = Y = GNP

Consumption = C

Private Investment = I

Government spending = G

Exports = X

Imports = M

Taxes = T

Therefore, the BCA = X-M = (S-1) + (T – G)

Where BCA = Balance of Current Account

Thus, the Balance of the Current Account (BCA) should be <u>positive</u> to avoid deficit-financing of government budgets.

Learn more: brainly.com/question/8859561

3 0
3 years ago
Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The compan
Ray Of Light [21]

Answer:

100% will be included in the Income Statement

Explanation:

Always remember that the depreciation calculated for the accounting period can be apportioned as per the International Accounting Standard IAS 2, which says that expenses must be classified in a manner that results in the truth & fairness of the Financial Statements. This means that if depreciation calculated is $500 then the whole of this depreciation will be expensed out in the income statement. It's 20% might go to selling activities, 35% to administrative activities, and 45% to manufacturing activities.

<h3><em>B</em><em>ut remember that the depreciation calculated for the accounting period would be expensed out by $500 in the income statement, for the period generated.</em></h3>
3 0
3 years ago
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