1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zina [86]
3 years ago
13

1. High Tech Wireless just published its current income statement, which shows net income equal to $240,000. The statement also

shows that operating expenses were $500,000 before including depreciation, depreciation was $100,000, and the tax rate was 40 percent. If High Tech has no debt, what were its sales revenues
Business
1 answer:
luda_lava [24]3 years ago
4 0

Answer:

$240,000

Explanation:

With regards to the above information,

Sales revenue is computed as;

= Operating expenses + Depreciation × Tax rate

Given that;

Operating expenses = $5,00,000

Depreciation = $100,000

Tax rate = 40%

Sales revenue

= ($500,000 + $100,000) × 0.4

= $600,000 × 0.4

= $240,000

You might be interested in
Suppose nominal GDP in the base year was $380 million. Five years later, nominal GDP was $480 billion and the GDP price index wa
Ostrovityanka [42]

Answer: increased by $20 billion

Explanation:

Real GDP is year of interest is:

= (Nominal GDP in year of interest/ GDP Price index in year of interest) * 100

= 480/120 * 100

= $400 billion

Nominal GDP is equal to Real GDP in base year so increase in real GDP is:

= 400 - 380

= $20 billion

6 0
3 years ago
Martinez Corporation commenced operations in early 2020. The corporation incurred $48,500 of costs such as fees to underwriters,
igomit [66]

Answer:

See below.

Explanation:

Since the expenses are related to the formation of the business, we first capitalize these expenses and record them in our balance sheet as,

Debit Intangible Assets (Formation) by $48,500

Credit Cash/Bank by $48,500

This records an asset for the year of operation.

We amortize or depreciate these type of capitalized costs over a defined period of time. Assuming that we write off the entire cost by the end of first year we will record amortization as,

Debit Amortization expense/Income statement by $48,500

Credit Intangible Assets (Formation) by $48,500

Hope that helps.

7 0
3 years ago
If I were a salesmen, how could I sell 10 boxes of burritos?
Alja [10]
You can make posters and signs that can show ppl you sell them or get a food truck !
6 0
3 years ago
Wowee Appliances is setting up production and distribution facilities in India to meet the growing demand there. The company's e
SpyIntel [72]

Answer: the correct answer is these traits will help the manager persevere through culture shock.

Explanation:

Culture shock.- the feeling of disorientation experienced by someone who is suddenly subjected to an unfamiliar culture, way of life, or set of attitudes.

5 0
3 years ago
Purchasing cruelty free products can have a positive impact on
MakcuM [25]
The beauty industry and it’s healthier. Also it protects a lot of animals from getting the product tested on them
8 0
3 years ago
Other questions:
  • Which two careers would have a stage as a workplace? A/V technology and the performing arts the visual arts and telecommunicatio
    11·2 answers
  • g Handal Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c
    8·1 answer
  • Sales discounts: A)Refer to merchandise that customers return to the seller after the sale. B)Refer to reductions in the selling
    11·1 answer
  • Juanita is the sole shareholder of Belize Corporation (a calendar-year S corporation). She is considering revoking the S electio
    12·1 answer
  • The GDP price index is multiple choice 3 computed for each industry sector. a measure of the price of a specified collection of
    14·1 answer
  • Reviewing and evaluating records used to prepare a company's financial statements is referred to as ______.
    7·1 answer
  • Sheridan Company had these transactions during the current period. June 12 Issued 84,000 shares of $1 par value common stock for
    15·2 answers
  • VideoPlus, Inc. manufactures two types of DVD players, a deluxe model and a standard model. The deluxe model is a multi-format p
    15·1 answer
  • The stated interest payment, in dollars, made on a bond each period is called the bond's?
    7·1 answer
  • An organization that has all its people in one location is typically ________ than an organization that is dispersed around the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!