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 137 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?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The average adult has about 21 square feet of skin.

Using the Ti plasmid and Agrobacterium tumefaciens to make transgenic plants Using the Ti plasmid and Agrobacterium tumefaciens to make transgenic plants
A medical assistant should present a neat appearance and make it a habit to wear a smile. A medical assistant should present a neat appearance and make it a habit to wear a smile.
How to find the derivatives of hyperbolic functions How to find the derivatives of hyperbolic functions
Find Your Blind Spot Find Your Blind Spot
Seven students have applied for merit scholarships. This year 3 merit scholarships were ... Seven students have applied for merit scholarships. This year 3 merit scholarships were ...
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library