Whispering Winds Corp. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Operating expenses Interest expense Loss on disposal of equipment Income before income taxes Income tax expense Net income $941,820 $472,100 229,800 11,970 2,020 715,890 225,930 64,830 $161,100 Additional information: 1. Operating expenses include depreciation expense of $40,160 2. Land was sold at its book value for cash. 3. Cash dividends of $85,680 were declared and paid in 2017 4. Equipment with a cost of $164,450 was purchased for cash. Equipment with a cost of $50,790 and a book value of $35,670 was sold for $33,650 cash. 5. Bonds of $49,810 were redeemed at their face value for cash. 6. Common stock ($1 par) of $171,150 was issued for cash.
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Business, 22.06.2019 11:00, roseemariehunter12
In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000
Answers: 3
Business, 22.06.2019 19:30, mfkinnatz
Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market. a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation
Answers: 2
Business, 22.06.2019 21:40, koryn4880
Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.
Answers: 3
Business, 22.06.2019 23:50, Izzyfizzy
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.
Answers: 2
Whispering Winds Corp. Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of g...
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