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katovenus [111]
3 years ago
13

Niler Corporation reported the following after-tax information for its current fiscal year: $35,000 income from continuing opera

tions, $8,400 income from operations of discontinued Line C, and $12,500 loss on disposal of Line C.
Starting with income from continuing operations, prepare a partial income statement for Niler for the current year. Ignore earnings per share.
Business
1 answer:
Helen [10]3 years ago
4 0

Answer:

The net income for Niler Corporation for the current year is $30,900.

Explanation:

When there is a discontinued operation, the income from the discontinued operation is added to the income from continuing operations while the loss on disposal of the same operation is added to obtain the net income for the company. This can be done as follows for this question:

Niler Corporation

Partial Income Statement

<u>Details                                                                               $       </u>

Income from continuing operations                           35,000

income from operations of discontinued Line C         8,400

Loss on disposal of Line C                                         <u> (12,500) </u>

Net income                                                                  <u> 30,900  </u>

Therefore, the net income for Niler Corporation for the current year is $30,900.

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Answer:

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_____ describe(s) the different levels of job and earning ranges.
nika2105 [10]
The answer is "wage structures"
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4 years ago
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DIA [1.3K]

Answer:

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All else equal, imposing taxes in markets where demand and supply are price- not only causes less but also raises more .
anygoal [31]

All else equal, imposing taxes in markets where demand and supply are price inelastic not only causes less inefficiency but also raises more revenue.

What is meant by price inelastic?

Inelastic is an economic term referring to the static quantity of a good or service when its price changes. Inelastic means that when the price goes up, consumers' buying habits stay about the same, and when the price goes down, consumers' buying habits also remain unchanged.

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Inefficiency is defined as a lack of organization or skill that wastes time, energy, or money. For business owners, it is the practice that sparks a worst-case scenario. Every penny spent on tools and software to make the business run smoother is the cost of running an efficient organization.

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Learn more about demand and supply:

brainly.com/question/20072354

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6 0
2 years ago
What was the weighted average interest rate Colgate faced on its short-term borrowings in 2013? Enter with 1 decimal place and w
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Answer:

The weighted average interest rate that Colgate faced on its short-term borrowings in 2013 was:

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On page 62 of its 10-K annual report for the fiscal year ended December 31, 2013, it specifically reported that "the weighted-average interest rate on short-term borrowings of $13 in 2013 and $54 in 2012 included in Notes and loans payable in the Consolidated Balance Sheets as of December 31, 2013 and 2012 was 2.2% and 1.0%, respectively."  To calculate the weighted-average interest rate, we multiply each loan amount by its interest rate to obtain the "per loan weight factor."  Then add the per loan weight factors together. Add the loan amounts together. Divide the "total per loan weight factor" by the "total loan amount," and then multiply by 100 to calculate the weighted average.

6 0
3 years ago
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