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gulaghasi [49]
4 years ago
8

Construct an income statement using the following information: net sales, $500,000; salaries, $100,000; rent, $24,000; COGS, $25

0,000; utilities, $25,000; payroll taxes, $25,000; insurance, $12,000; and interest expense, $5,450. Make sure that you include gross profit, operating expenses, and net profit.
Business
1 answer:
iVinArrow [24]4 years ago
5 0

Answer:

Explanation:

The construction of the income statement is presented below:

Net sales $500,000

Less: Cost of goods sold -$250,000

Gross profit $250,000

Less: Operating expenses

Salaries expenses -$100,000

Rent expense -$24,000

Utilities expense - $25,000

Insurance expense - $12,000

Operating profit $89,000

Less: interest expense - $5,450

Less: payroll taxes - $25,000

Net profit                        $58,550

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Answer:

Export of labor-intensive products

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Explanation:

The population of China is the highest in the world, hence they concluded that they needed to use their number to their own advantage by adopting a labor-intensive production technique which enables them to export their products as well as ensuring a higher percentage of the populace is gainfully employed, little wonders how China products are available the world over.

Also, they provided  world class infrastructures which serve as incentives for foreign direct investment, for instance Apple moved its main factory to China due to the cheaper and available workforce coupled with the state of the art technological infrastructural development achieved by the Chinese people.

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Answer:

Both b. and c.

That is

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In the given instance the buyer if the property is asking if the previous tenant had AIDS and wants to use this information in the purchasing process. This is illegal and could result in legal action due to civil rights violation. Discrimination is not allowed in deciding to do business with another party, and the buyer is trying to discriminate on the grounds that the previous owner had AIDS.

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Discuss Two social factors that may contribute to unemployment in South Africa amongst the youth?​
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Some of the social factors that have led to unemployment in South Africa amongst the youth are:

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Find out more on factors leading to unemployment at brainly.com/question/305041.

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