« previous next »

Author Question: Assume Net Sales are 225,000, Cost of Goods Sold is 75,000, Selling Expenses are 24,000 and General ... (Read 138 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jul 6, 2018
Assume Net Sales are 225,000, Cost of Goods Sold is 75,000, Selling Expenses are 24,000 and General Expenses are 30,000 . Calculate Net Income:
 a. 150,000
  b. 126,000
  c. 246,000
  d. 96,000

Question 2

Governmental activities in the government-wide financial statements would potentially report the following equity classifications except
 
  A. Restricted net position.
  B. Restricted fund balance.
  C. Unrestricted net position.
  D. Net investment in capital assets.


daiying98

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont
Injectable General Anesthetics Injectable General Anesthetics
Typical Startup Cost Categories Typical Startup Cost Categories
Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library