This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Find the entry you would make on an income statement for TOTAL OPERATING EXPENSES for the year ended ... (Read 121 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jun 24, 2018
Find the entry you would make on an income statement for TOTAL OPERATING EXPENSES for the year ended December 31, 2007: Gross Sales, 161,000; Sales Returns and Allowances, 9,600; Sales Discounts, 11,600; Merchandise Inventory, January 1, 2011, 52,500; Merchandise Inventory, December 31, 2011, 62,500; Net Purchases, 82,300; Freight In, 3,000; Salaries, 94,700; Rent, 29,800; Utilities, 2,245; Insurance, 3,250; and Income Tax, 19,600.
 A) 129,995
  B) 102,875
  C) 127,750
  D) 149,595

Question 2

Solve the problem, rounding final decimals and percents to tenths if necessary. If a number increases from 28 to 46, what is the rate of increase?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

64.3


mwit1967

  • Hero Member
  • *****
  • Posts: 501
Reply #2 on: Jun 24, 2018
Thank you :)


chloejackso

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
How to use the chain rule to find the derivative of a function How to use the chain rule to find the derivative of a function
Find the magnitude and the direction of the resultant vector of the two vectors below: Find the magnitude and the direction of the resultant vector of the two vectors below:
Find the magnitude and the direction of the resultant vector of the vectors below. Find the magnitude and the direction of the resultant vector of the vectors below.
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Walking into new year kids drawing Walking into new year kids drawing
Video: How to make cDNA Animation

For a complete list of videos, visit our video library