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.
Learn more: brainly.com/question/24257787
Answer:
A 18
Step-by-step explanation:
f(x) = 4x + 10
f(2) = 4(2) + 10
f(2) = 8 + 10
f(2) = 18
Well first you would, subtract the gift certificate amount from the video game. Then you would subtract his total cash from the cost of the video game. The equation would look something like this: 45.50 - (59.95 - 15.25). The answer to your problem is yes he would have enough.
Answer:
-2
Step-by-step explanation:
A = 6
B = 9
C = 15
D = ?
From A to B, 6 + 3 = 9
From B to C, 9 + 6 = 15
From C to D, 9 + x = ?
The first time, you added 3, for the second time, you added three to the three you are adding, making it 6. So for x, x = 6 + 3, which = 9
9 + 9 = 18
D = 18 should be your answer
hope this helps
