Answer:
Net Income $66100
Explanation:
<u>Racine Furnishings Company </u>
<u>Multi Step Income Statement </u>
<u>For the Year Ended March 31, 2019</u>
Sales 6,126,850
Cost of Merchandise Sold 3,965,850
Gross Profit 2161000
Less Operating Expenses
Depreciation $747,950
Supplies Expense ( 87000- 20650) 66350
Salaries Expense 7,700
Selling Expenses 717,650
Administrative Expenses 545,700
Operating Income 75,650
Other Expenses
Interest Expense 9,550
Net Income $66100
From the sales cost of merchandise sold is subtracted to get the gross profit. The operating expenses are subtracted from the gross profit to get the operating income. Other expenses such as interest expense is subtracted to get the net income.
The real wage paid to the worker is 4 hamburgers per hour.
<h3>What is Wage?</h3>
- A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame.
- The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
- It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.
- Regular and supplemental pay can be divided into two groups.
- The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.
Learn more about wage here:
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Answer:
B) $ 485 $ 170
Explanation
The cost of goods manufactured includes all the manufacturing costs in a given period adjusting for changes in work in process balances. The total manufacturing costs are $ 630 but this results in an increase in work in process inventory by $ 145, so in other words, part of the total manufacturing costs have gone towards increasing the work in process balance.
So the cost of goods manufactured is $ 630 - $ 145 = $ 485.
The cost of goods sold is the cost of goods manufactured above adjusted for changes in finished goods.
so the cost of goods sold is $ 485 - $ 315 ( change in finished goods inventory) = $ 170.
Answer: The probability that a particular top executive reads either time or US news and world report regularly is 0.65
Explanation: Let's say TM represents Time Magazine, NS represents Newsweek, and UW represents U.S news & World report.
Probability of TM readers (P.TM) = 0.35
Probability of UW readers (P.UW) = 0.40
Probability of both TM and UW readers (P.TM ∩ P.UW) = 0.10
Probability of both TM or UW readers (P.TM ∪ P.UW) = ?
Given the probability equation of:
(P.TM ∪ P.UW) = (P.TM) + (P.UW) - (P.TM ∩ P.UW)
= 0.35 + 0.40 - 0.10
= 0.65
Therefore the probability that a particular top executive reads either time or US news and world report regularly is 0.65
Answer:
People dont wanna eat heathly
Explanation:
