[Solved] A company has sales revenue of $130,000,

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

A company has sales revenue of $130,000, cost of goods sold of $63,000, operating expenses of $45,000, and other expenses of $1,000. The company's net

A company has sales revenue of $130,000, cost of goods sold of $63,000, operating expenses of $45,000, and other expenses of $1,000. The company's net income O A. $66,000 O B. $21,000 O C. $67,000 OD. $22,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing The Auditors Waste And Abuse At Irs And Customs Hearing Before The Committee On Governmental Affairs United States Senate One Hundred Session August 4 1993

Authors: U. S. Committee On Governmental Affairs

1st Edition

ISBN: 1334865558, 978-1334865558

More Books

Students also viewed these Accounting questions

Question

★★★★★

Repeat Exercise 9 using Algorithm 6.3 in Maple with Digits:= 10. In Exercise 9 a. 0.03x 1 + 58.9x 2 = 59.2, 5.31x 1 6.10x 2 = 47.0. Actual solution [10, 1] b. 3.03x 1 12.1x 2 + 14x 3 = 119, 3.03x 1...

Answered: 1 week ago

Question

★★★★★

10. What example illustrates the point that even if some characteristic is highly heritable, a change in the environment can alter itpg105

Answered: 1 week ago

Question

★★★★★

=+Use this and (1.38) to give new proofs of (1.16), (1.18), and (1.28). (This, the method of moment generating functions, will be investigated systematically in Section 9.)

Answered: 1 week ago

Question

★★★★★

Sebastian and Whitley, plumbers, successfully bid $30,000 for the plumbing work on a new luxury home. Total direct labor cost on the job was $9,500, other direct costs were $2,500, and overhead is...

Answered: 1 week ago

Question

★★★★★

QUESTION 43 Which of the following banks would normally be considered "systemically important?" Deutsche Bank HSBC JPMorgan Chase Royal Bank of Scotland All of the above None of the above 1 points...

Answered: 1 week ago

Question

★★★★★

1.On the basis of what you know about global cultures, would people from Canada, India or Brazil be more comfortable with a group or team-based approach to work.(with references) 2.In discussing...

Answered: 1 week ago

Question

★★★★★

What condition could cause a properly installed and maintained hood system to fail to control a fire? Use of blow of caps on nozzles Installation of a pre-engineered system A buildup of grease in the...

Answered: 1 week ago

Question

★★★★★

Create a question that explores proving operational Interoperability to be a daunting task, particularly due to privacy and technical issues

Answered: 1 week ago

Question

★★★★★

Question: Writre a personal reflection Think about how you will use the 3 elements of persuasion (logic, emotion, credibility) to engage your reader. The coronavirus pandemic deeply impacted schools...

Answered: 1 week ago

Question

★★★★★

Beats versus Skullcandy Headphones Background For this role-play, students will assume one of three roles: (1) sales representative for Beats headphones; (2) sales representative for Skullcandy...

Answered: 1 week ago

Question

★★★★★

State E& Company acquisitions during 2 0 2 2 and the aggregated goodwill resulted from these acquisitions. How does each acquisition affect goodwill?

Answered: 1 week ago

Question

★★★★★

2. Workplace comedies and dramas typically play off situations that really arise in organizational settings. Watch a few episodes of such workplace sitcoms as The Office, 30 Rock, and Parks and...

Answered: 1 week ago

Question

★★★★★

2 What communication benefits does telecommuting offer employees? What does it offer the organization?

Answered: 1 week ago

Question

★★★★★

1. Which statement best describes you after you leave work for the day? A. I dont think about work again until I arrive the next morning. B. I usually check my work e-mail before bed. C. I check my...

Answered: 1 week ago

Previous Question Next Question