The preparation of the income statement for Longhorn Corporation for the year ended December 31, 2021, is as follows:
Longhorn Corporation
<h3>Income Statement</h3>
For the year ended December 31, 2021
Service revenue $ 65,700
Cost of goods sold (food expense) 53,000
Gross profit $12,700
Delivery expense $2,200
Salaries expense 5,100 $7,300
Net Income $5,400
<h3>What is the income statement?</h3>
The income statement also called income summary is a financial statement that shows the financial performance of a business for a defined financial period.
Thus, from the income statement, the net income and the gross profit, which represent the gains achieved by the entity, are derived.
Learn more about the income statement at brainly.com/question/24498019
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Let the width be called x inches, so the length is x+9 inches (width is 9in shorter than length) and x>0
So the area = w*l = x(x+9)
=> x^2+9x=252
=> x^2+9x-252=0
=> x^2 - 12x + 21x - 252 = 0
=>x(x-12) + 21(x-12) = 0
=> (x-12)(x+21)=0
=> x = 12 or -21
but x>0
=> x = 12 in
=> width = 12 in
=> length = 12+9 = 21 inches
brainliest pls
This question is unclear, I don't understand and it doesn't ask the question.
40
Times 1.1 is also my best answer it’s a guess in between
Answer:$3,700
Step-by-step explanation:
Gross sales are the total amount of sales a company earned throughout a specific period of time, without taking into consideration any costs involved with running a business. Gross sales do not factor in expenses related to running a business, also known as cost of goods sold (COGS), which get deducted when calculating net sales. For example, they do not account for costs associated with item production, employee wages, building rent, returns, theft or sales tax.
Gross Sales = $3,700