The preparation of Reading Readiness, Inc.'s multi-step Income Statement for the month ended January 31 is as follows:
Reading Readiness, Inc.
Income Statement
For the month ended January 31
Sales Revenue $175,500
Less:
Sales Returns 4,700
Sales Discounts 6,000
Net Sales $164,800
Cost of Goods Sold 67,700
Gross profit $97,100
Expenses:
Salaries and Wages $25,900
Depreciation Expense 13,800
Rent Expense 24,000
Operating expenses $63,700
Operating income $33,400
Interest Expense 1,600
Income before tax $31,800
Income tax expense 7,700
Net income $24,100
Data and Calculation:
Gross profit percentage = 59% ($97,100/$164,800 x 100)
Thus, the net income after deducting the income tax expense is $24,100.
Learn more: brainly.com/question/24257787
Answer: 56
Step-by-step explanation:
Given : Number of red marbles = 5
Number of green marbles = 3
Number of yellow marbles = 3
Number of orange marbles = 3
Number of red and green marbles = 5+3=8
Now the possible number of sets (combinations) of five marbles are there in which all of them red or green will be :-
Hence, the number of sets of five marbles in which all of them red or green=56
Answer:
range : {0, 2, 4}
Step-by-step explanation:
write down the same range once.
Answer:
28 is the answers of the question
