Answer:
Expense $23,000 for 2014
Explanation:
The computation is shown below:
Given that
Amount spent on investigating the TV rental stores is $14,000 in south Carolina
And, the amount spent on investigating the TV rental stores is $14,000 in Georgia is $9,000
So, the expenses that should be spent in the year 2014 is
= $14,000 + $9,000
= $23,000
The same is to be considered
Answer:
Sales revenue $ 710,000
Cost of goods sold $ 385,000
Gross Profit $ 325,000
Selling expense 71,000
Administrative expense 91,000
Operating Income 163,000
Non-Operating Income
Interest revenue 44,000
Gain on sale of investments 91,000
Interest expense (28,000)
Restructuring costs (67,000)
Income before taxes 203,000
Income tax expense (50,750)
Net Income 152,250
Shares outstanding 100,000
Earnings per share $1.52
Explanation:
We need to determinate gross profit.
then, the operating income therefore the interest and restructuring cost are not considered. Same goes for the gain on investment as aren't part of the business normal activities.
The economic system that is used in the United States of America in which most of the businesses are owned by the people instead of the government is a mixed economy.
The keyword in this statement is "most" because not all businesses in the United States are owned by the people, some are government owned; the mixture of this ownership in an economy is what defines that economy as a "mixed economy."
To find simple interest:
Time = Interest/(Principle)(Rate)
Interest is the amount of interest paid
Principle is the amount you lent or borrow
Rate is the percentage of principle charged as interest each year
Time is the years of the loan
P=Principle amount of $1,500
I=Interest amount of $1,200 (Take the new amount of $2,700 and subtract from the principle that is $1,500 which gives you $1,200)
r= as a decimal .15 (15%/100)
t=unknown
T=I/PR
T=1,200/(1,500)(.15)
T=1,200/225
T=5.3 years
It would take Lance roughly 5.3 years
A.are a good source of referrals.
