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Nookie1986 [14]
3 years ago
13

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st

ep versus a single-step format. The discussion involves the following 2020 information related to Bramble Company ($000 omitted).
Administrative expense
Officers' salaries
$5,006
Depreciation of office furniture and equipment
4,066
Cost of goods sold
60,676
Rent revenue
17,336
Selling expense
Delivery expense
2,796
Sales commissions
8,086
Depreciation of sales equipment
6,586
Sales revenue
96,606
Income tax
9,176
Interest expense
1,966

Common shares outstanding for 2020 total 38,960 (000 omitted).
(a) Prepare an income statement for the year 2020 using the multiple-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.)

(b) The parts of this question must be completed in order. This part will be available when you complete the part above.
Mathematics
1 answer:
olchik [2.2K]3 years ago
8 0

Answer:

73,188

Step-by-step explanation:

fees plus costs minus expenses

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Option A, no trend

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3 years ago
Consider the arithmetic sequence 13, 24, 35, ....
MArishka [77]

Answer:

The explicit form for the sequence is: a_{n}=13+(n-1)(11)

Step-by-step explanation:

In order to find an explicit form for the given sequence, you have to use the definition of arithmetic sequence and the <em>explicit formula</em>.

An arithmetic sequence is defined as a sequence where the difference of two consecutive terms is a constant.

The <em>explicit formula </em>is:

a_{n}=a_{1} + (n-1)d

Where a1 is the first term, d is the common difference and an is the nth term of the sequence.

You have to subtract two consecutive terms to obtain d:

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Therefore d=11

In this case a1=13

Replacing in the formula:

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