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iren [92.7K]
2 years ago
9

In its income statement for the year ended December 31, 2020, Kingbird, Inc. reported the following condensed data.

Business
1 answer:
tekilochka [14]2 years ago
6 0

Answer and Explanation:

The preparation of the multiple-step income statement is shown below:

Net Sales $2,415,700

Less: Cost of goods sold $1,314,300

Gross profit $1,101,400

Less: Operating expense -$736070

Operating income $365,330

Other revenue    

Add: Interest revenue $31,590

Other expense    

Interest expense $74,650

Loss on disposal of plant assets $18,990 $93,640 -$62,050

Net income $303,280

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Thousands of developers, lenders, and investors were victims of deflation in commercial real estate beginning in the:?
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1 year ago
The mean cost of a meal for two in a mid-range restaurant in Tokyo is $40 (Numbeo website, December 14, 2014). How do prices for
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a. 2.13. b. (30.53, 34.79). c. The mean prices for two in mid-range restaurants in Hong Kong are relatively less than those in Tokyo restaurants.

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b. Lower level limit = 32.66 - 2.1279 = 30.5321; Upper level limit = 32.66+2.1279 = 34.7879. The interval estimate = (mean± margin of error) = (30.53, 34.79).

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3 years ago
Which is not a determinant of demand?
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Answer:

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