Answer:
The answer is $45,000
Explanation:
$45,000
- Net Short Term Capital gain +Net Long Term Capital loss= 65,000+ (250,000)= -185,000
-Net Long Term Capital loss(2015)+Net Short Term Capital gain (2016)+Net Long Term Capital Gain(2017)
= 60,000+45,000+35,000=140,000
-185,000+140,000= <u>(45,000)</u>
Answer:
a. Particulars Amount
Gross sales $925,000
Less: COGS <u>$490,000</u>
EBITDA $435,000
Less: Depreciation <u>$120,000</u>
EBIT $315,000
Less: Interest on notes payable <u>$8,800 </u> (220000*4%)
EBT $306,200
Less: Tax (35%*306200) <u>$107,170</u>
Net Income <u>$199,030</u>
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b. Operating cash flow = Net income + Depreciation
Operating cash flow = $199,030 + $120,000
Operating cash flow = $319,030
Answer:
Prepare a single-step income statement for the year ended December 31, 2020
Explanation:
SUNLAND CORPORATION
Inconme statement
For the year endend December 2020
Revenue
Net Sales 2.425.800
Interes Revenue 38.200
Total Revenue 2.464.000
Expenses
Cost Of goods 1.458.200
Administrative expenses 212.600
Selling xpenses 282.000
Interes expense 46.400
Tax rate 139.440
Expenses 2.138.640
Net income 325.360
Shares issued 70210
Earning p/share 4,63
Answer:
Quality control
Explanation:
Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.
