The preparation of Reading Readiness, Inc.'s multi-step Income Statement for the month ended January 31 is as follows:
Reading Readiness, Inc.
Income Statement
For the month ended January 31
Sales Revenue $175,500
Less:
Sales Returns 4,700
Sales Discounts 6,000
Net Sales $164,800
Cost of Goods Sold 67,700
Gross profit $97,100
Expenses:
Salaries and Wages $25,900
Depreciation Expense 13,800
Rent Expense 24,000
Operating expenses $63,700
Operating income $33,400
Interest Expense 1,600
Income before tax $31,800
Income tax expense 7,700
Net income $24,100
Data and Calculation:
Gross profit percentage = 59% ($97,100/$164,800 x 100)
Thus, the net income after deducting the income tax expense is $24,100.
Learn more: brainly.com/question/24257787
Answer:-1
Step-by-step explanation:
I rewrote it so it looks like this:
6y+6(1+3y)=-18
6y+6(1)+6(3y)=-18
6y+6+18y=-18
24y+6=-18
<u> -6 -6</u>
<u>24y</u>=<u>-24</u>
24 24
y=-1
Answer:
c = -5/3
Step-by-step explanation:
Solve using algebra.
After you do 11 steps, that is the answer.
<h2><u><em>
Please mark as Brainliest!!!</em></u></h2>
0.13 <== the decimal is in the tenth place.
We could also say it is equal to
13/100
Or,
"C" 13%
I hope this helps!
~kaikers
Answer:
Perimeter = 16 units
Area = 15 squared units
Step-by-step explanation:
ABCD is a rectangle.
It's length l = 5 units
and width w = 3 units
Perimeter of ABCD = 2(l + w) = 2(5 + 3) = 2*8 = 16 units
Area of ABCD = 5*3 = 15 squared units.
