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Art [367]
2 years ago
7

Construct the Barron​ Pizza, Inc. income statement for the year ending 2015 with the following information ​(the dollar amounts

are in thousands of dollars​):
Shares​ outstanding: $16,732,000
Tax​ rate:37.5%
Interest​ expense:​$6,173
​Revenue:​$889,451
​Depreciation:​$31,293
​Selling, general, and administrative​ expense:​$77,430
Other​ income:​$1,102
Research and​ development:$4,198
Cost of goods​ sold:$750,796
Business
1 answer:
Troyanec [42]2 years ago
5 0

Answer:

any want zo. om. id=2139350377

pass=7neBw6

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Privett Company Accounts payable $29,317 Accounts receivable 70,256 Accrued liabilities 6,298 Cash 16,928 Intangible assets 42,4
makkiz [27]

Answer:

$142,083

Explanation:

Current asset = Accounts receivable + Cash + Inventory + Marketable securities + Prepaid expenses = 70,256 + 16,928 + 73,062 + 36,421 + 2,512 = $199,179

Current liabilities = Accounts payable + Accrued liabilities + Notes payable (short-term) = 29,317 + 6,298 + 21,481 = $57,096

Working capital = Current assets - Current liabilities = 199,179  - 57,096  = $142,083

6 0
3 years ago
Read 2 more answers
During 2015, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. how much depr
alexdok [17]

Answer:

How much depreciation expense was recorded on equipment during 2015? $10000

Explanation:

Year Cost monthly Dep NBV

Year 1 210000 10000 200000

Year 2 200000 10000 190000

Year 3 190000 10000 180000

Year 4 180000 10000 170000

Year 5 170000 10000 160000

Year 6 160000 10000 150000

Year 7 150000 10000 140000

Year 8 140000 10000 130000

Year 9 130000 10000 120000

Year 10 120000 10000 110000

Year 11 110000 10000 100000

Year 12 100000 10000 90000

Year 13 90000 10000 80000

Year 14 80000 10000 70000

Year 15 70000 10000 60000

Year 16 60000 10000 50000

Year 17 50000 10000 40000

Year 18 40000 10000 30000

Year 19 30000 10000 20000

Year 20 20000 10000 10000

Year 21 10000 10000 0

4 0
3 years ago
A "Name That Tune" contest has a grand prize of $500,000. However, the contest stipulates that the winner will receive just $200
Alexxx [7]

Answer:

The correct answer is (C) $401,302

Explanation:

To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then,  we added  all the payments.  

For example, the first payment in  $200,000 at this moment,  so we add  $200,000.  

At the end of the first year we receive $30,000, and the rate of discount is 8%

The formula of discount is P=A/ (1+r)ⁿ

A=Final amount  

P= Principal

r= interest rate

n= time

Year 1 = A/ (1+r)ⁿ =$30,000/1,08¹= 27777,77

Year 2 =$30,000/1,08²= 25720,16

Year 3=23814,96

Year 4=22050,89

Year 5=20417,49

Year 6=18905,08

Year 7=17504,71

Year 8=16208,06

Year 9=15007,46

Year 10=13895,80

 

Total  401302,44

3 0
3 years ago
The difference between total assets of a firm and its total liabilities is called_______.
Gnom [1K]

The difference between the total assets of a firm and its total liabilities is called <u>net worth</u>.

Net worth is the value of all of your property, minus the whole of all your liabilities. Positioned every other manner, it's miles what you personal minus what you owe. If you owe extra than you own, you have got a bad internet worth. if you very own greater than you owe you will have a nice net well worth.

Net worth is the price of all of the non-economic and economic assets owned with the aid of a man or woman or group minus the fee of all its fantastic liabilities. Net actual worth is the cost of all assets, minus the whole of all liabilities. placed any other manner, internet well worth is what's owned minus what is owed.

The meaning of total assets is all of the property or objects of cost, a small commercial enterprise owns. Included in total belongings are coins, bills receivable (cash thanks to you), inventory, devices, equipment, and so on.

Learn more about Net worth here brainly.com/question/12371230

#SPJ4

4 0
1 year ago
The "over-the-counter" market received its name years ago because brokerage firms would hold inventories of stocks and then sell
Svetradugi [14.3K]

Answer:

false

Explanation:

Over-the-counter refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded over-the-counter are traded via a dealer network as opposed to on a centralized exchange.

5 0
3 years ago
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