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.
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Answer:
social media mentions do managers at Apple need to collect, if they want to get a margin of error of 2%
Sample size 'n' = 625
Step-by-step explanation:
<u><em>Step(i)</em></u>:-
Given data Apple launches an ad campaign for iPhone 12
Managers want to know what is the % of social media mentions that have positive reactions to the new ad campaign
probability of positive reactions p = 1/2
Probability of negative reactions q = 1-p = 1/2
we know that
<u><em>Step(ii):</em></u>-
Given margin of error = 2 % =0.02
The margin of error is determined by
√n = 25
squaring on both sides, we get
n = 625
Answer:
32
Step-by-step explanation:
Answer:
X ie equal to 3
The first option is correct