Which of the following belong on the income statement?

Question 1 Which of the following belong on the income statement? O price per unit cost per unit sales tax rate sales tax expense Income tax expense interest expense revenue cost of goods sold net income operating income total assets total units sold Question 2 Using the following assumptions, calculate net income (round to the nearest dollar dollars paid by customer - $2500 (you must subtract sales tax to get revenue, 6% sales tax rate), cost of goods sold - $325, operating expenses - $400, interest expense - $25, income tax rate 30%, total assets - $1850 O $1633 5483 O $1126 o $750 Question 3 Variance is defined as O the difference between actual and forecast results O revenue minus expenses in the Income statement O a key ratio for measuring profitability O none of the above Question 4 You are a service business but your service doesn't start for a few weeks so you decide to sign people up and take their money now. During your first week of doing this, you collect $100 for these future events. How much revenue do you report at the end of the week? O $200.00 because that is the actual amount of cash you collected O $188.00 because you must subtract from the cash collected to get the revenue O $188.68 because the cash you collect includes revenue and sales tax None. Revenue can only be recognized when the product or service is delivered