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
Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to b
tresset_1 [31]

Answer:

<u>liability</u>, <u>asset </u>

Explanation:

Liability refers to a future obligation in monetary form which must be discharged by a business. Liabilities are classified on the basis of due period into current and long term. For instance payment due to a supplier, loan for repayment.

Assets on the other hand refer to something which yields future economic benefits. Assets could be in tangible fixed form, movable form or intangibles such as Goodwill.

In the given case, from the purpose of bank, acceptance of deposits constitutes a liability since the bank has to pay such deposits whenever required by the customer.

Similarly, lendings by a bank represent an asset since the bank would receive such sum coupled with interest at a future date.

8 0
3 years ago
Can anyone share important questions on Managerial Information Systems??
Agata [3.3K]

Explanation:

(1) designing systems that are competitive and efficient; (2) understanding the system requirements of a global business environment; (3) creating an information architecture that supports the organization's goals; (4) determining the ...

7 0
2 years ago
A company can sell any mix of Product A and Product B at full capacity. The company has 100,000 hours of capacity. The demand fo
Marta_Voda [28]

Answer:

Company A produce 100,000.

Explanation:

According to the question , the computation is shown below:-

Particulars                                     Product A      Product B

Contribution margin per unit         $20                 $30

Hours per unit                                1                       2

Contribution margin per unit         20                    15

As we can see that the company A produces 100,000 and the same is the answer

8 0
3 years ago
Gni ppp, or gross national income divided by purchasing power parity, helps measure:
Alchen [17]
<span>GNI PPP, or gross national income divided by purchasing power parity, helps measure the standard of living in a country. GNI PPP is gross national income converted to international dollars using purchasing power parity rates. An international dollar has same purchase power over GNI as U.S. dollar has in the United States.</span>
5 0
2 years ago
Which would be the most likely target market for a new brand of high-end athletic shoes?
qwelly [4]

Answer:

Dedicated athletes, like a marathon runners

Explanation:

6 0
3 years ago
Other questions:
  • Sodresh Sundials manufactures large stone sundials. It costs $14.22 to produce a sundial, which can then be sold for $36.75. The
    5·2 answers
  • You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the end of each year for 20 years.
    13·1 answer
  • When a salesperson asks the buyer "do you see how this product will benefit your organization?" he or she is using a(n) _____.​?
    15·1 answer
  • Management now needs to determine the number of engines to be produced in each plant in each month, as well as the number of eng
    10·1 answer
  • Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. we could c
    6·1 answer
  • The _____ is an international strategy in which a company attempts to combine the benefits of global scale efficiencies with the
    14·1 answer
  • You are training a new employee at a credit card company on how to reply to customers when their credit application has been den
    15·1 answer
  • Stan read an ad in the newspaper which said that the jackpot for picking the six winners in the dog race on the last night of th
    15·1 answer
  • The function f(x) = 2,000(1 + )12t models the balance in a savings account.
    9·2 answers
  • Utimately, to be successful, a business must
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!