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3 years ago

Given the following information, prepare an income statement for the Dental Drilling Company.

Business

1 answer:

dmitriy555 [2]3 years ago

8 0

Answer:

Results are below.

Explanation:

<u>Giving the following information:</u>

Selling and administrative expense $90,000

Depreciation expense 75,000

Sales 621,000

Interest expense 46,000

Cost of goods sold 231,000

Taxes 50,000

<u>With the information listed above, we need to make an income statement following the structure below:</u>

<u></u>

Sales= 621,000

COGS= (231,000)

Gross profit= 390,000

Selling and administrative expense= (90,000)

Depreciation expense= (75,000)

Interest expense= (46,000)

Eearning before taxes (EBT)= 179,000

Taxes= (50,000)

Net operating income= 129,000

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Which of the following is considered a cause of inflation?

inn [45]

Inflation means- A general increase in prices and fall in the purchasing value of money.

So if you think about the question and the definition, what answer involves the money going down and or up significantly?

The answer would be,

B, Producers raise prices to meet HIGHER cost.

Hope this helps :)

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3 years ago

Evaluate the following statement: Banks use deposits to make consumer loans to households and commercial loans to businesses. B

Sav [38]

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4 years ago

The Appleton entity established a $200 Petty Cash fund on June 1, 200X. On June 30, 200X the fund had $45 in cash and the follow

Rashid [163]

Answer:

A. DR Petty Cash 200; CR Cash 200

Explanation:

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4 0

4 years ago

Now you have to get to work. Your first thought is to have seven members on the team, but management research indicates that sev

prisoha [69]

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In general, it's best to include members of only a single culture when forming virtual teams, since electronic communication is already fraught with misunderstandings.

<h3>What is electronic communication?</h3>

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To learn more about electronic communication from the given link:

brainly.com/question/24043670

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2 years ago

You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.2 percent indefinitely

mylen [45]

Answer:

$54.35

Explanation:

The computation of the price per share of the common stock is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $3.23 + $3.23 × 4.2%

= $3.23 + 0.13566

= $3.37

And, the other items would remain the same

So, the price per share is

= $3.37 ÷ (10.4% - 4.2%)

= $3.37 ÷ 6.2%

= $54.35

4 0

3 years ago