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 152 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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
1) (a) What is Coulomb?s Law? (b) Find the net electrostatic force on the charge labeled ?P? in ... 1) (a) What is Coulomb?s Law? (b) Find the net electrostatic force on the charge labeled ?P? in ...
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library