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prisoha [69]
2 years ago
13

Colby Corporation has provided the following information: Operating revenues from customers were $207,700. Operating expenses fo

r the store were $119,000. Interest expense was $8,700. Gain from sale of plant and equipment was $3,700. Dividend payments to Colby's stockholders were $7,700. Income tax expense was $37,000. Prepaid rent expense was 4,100. How much was Colby's net income?
Business
1 answer:
wel2 years ago
6 0

Answer:

$46,700

Explanation:

Operating revenue

$207,700

Less:

Operating expenses

($119,000)

Operating profit

$88,700

Less:

Interest expense

($8,700)

Income tax expense

($37,000)

Net income

$43,000

Add:

Gain from sale

$3,700

Total net income

$46,700

Therefore, Colby's net income is $46,700

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The AIDA format is a widely used marketing practice that stands for Attention, Interest, Desire, and Action. Of these 4 phases, the action phase entails all the information that the reader needs in order to properly understand the actions needed in order to either make a purchase or at the very least to fully make the intention of making a purchase. Which is why the language used needs to be convincing so as to make the reader as comfortable as possible.


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It is widely believed that the best way to make a concluding statement is to give the reader an incentive to reply, without setting very strict deadlines or conditions. As in the case above, the correct answer choice provides the reader with an incentive to answer by the 15th of June. Unlike the other options which either do not make the incentive clear to the reader or provide no incentive at all, the correct choice is tailored towards that specific reader and makes the message very clear.


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