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In 2021, Brock Brothers, Inc. had gross sales of $ 2,455,200 . The company's management reported a Returns and Allowances estimate in 2020 equal to

In 2021, Brock Brothers, Inc. had gross sales of $ 2,455,200 . The company's management reported a Returns and Allowances estimate in 2020 equal to 3.4 % of gross sales. What did Brock Brothers, Inc. report as Net sales in 2021? Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568.

Wilma's Widgets had net sales of $6,068,500 in 2020. The cost of goods sold was $3,104,400, operating expenses (excluding depreciation) were $117,930, interest expenses were $169,450, depreciation expense was $109,200, and dividends paid were $111,390. The firm's tax rate is 35 percent. What did Wilma's Widgets report as earnings before interest and taxes (i.e., operating profit) in 2020?Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. If your answer is a negative number, place a minus sign before your answer with no space between the minus sign and the number. For example, record $1,234,567.89 as 1234568 or negative $543,210 as -543210.

Sammy's Shovels had sales of $125,020 in 2021. The cost of goods sold was $37,390, operating expenses (excluding depreciation) were $19,720, interest expenses were $1,530, depreciation expense was $7,990, and dividends paid were $3,900. The firm's tax rate is 22 percent. What did Sammy's Shovels report as net income (or, net profit) in 2021?Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. If your answer is a negative number, place a minus sign before your answer with no space between the minus sign and the number. For example, record $1,234,567.89 as 1234568 or negative $543,210 as -543210.

In 2021, the BowWow Company purchased 15,150 units from its supplier at a cost of $15.00 per unit. BowWow sold 12,690 units of its product in 2021 at a price of $25.00 per unit. BowWow began 2021 with $782,480 in inventory (inventory is carried at a cost of $15.00 per unit). Using this information, compute BowWow's gross profit for 2021.Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568.

In 2020, the BowWow Company purchased 10,070 units from its supplier at a cost of $10.67 per unit. BowWow sold 17,283 units of its product in 2020 at a price of $23.62 per unit. BowWow began 2020 with $798,493 in inventory (inventory is carried at a cost of $10.67 per unit). Using this information, compute BowWow's 2020 ending inventory balance (in dollars).

Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568.

In 2021, Dangerous Dragon, Inc. (a retail clothing company) sold 528,600 units of its product at an average price of $17 per unit. The company reported estimated Returns and allowances in 2021 of 3 percent of gross revenue. Dangerous Dragon actually purchased 550,000 units of its product from its manufacturer in 2021 at an average cost of $11 per unit. Dangerous Dragon began 2021 with 85,000 units of its product in inventory (carried at an average cost of $11 per unit). Operating expenses (excluding depreciation) for Dangerous Dragon, Inc. in 2021 were $2,089,260 and depreciation expense was $168,450 . Dangerous Dragon had $10,000,000 in debt outstanding throughout all of 2021. This debt carried an average interest rate of 6 percent. Finally, Dangerous Dragon's tax rate was 40 percent. Dangerous Dragon's fiscal year runs from January 1 through December 31. Given this information, construct Dangerous Dragon's multi-step income statement for 2021. What did Dangerous Dragon, Inc. record as NET INCOME on its 2021 income statement?Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568. For example, record $1,234,567.89 as 1234568 or negative $543,210 as -543210.

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