Question and answer
Prepare an income statement for a profitable small business. Include at least 10 operating expenses. Use an income tax rate of 25%.
Net sales 1,000,000 Cost of sales 500,000 Gross margin 500,000 Operating expenses Salaries expense 150,000 Depreciation expense 50,000 Insurance expense 50,000 Supplies expense 10,000 Utilities expense 25,000 Advertising expense 20,000 Legal [ expenses 10,000 Consulting expenses 25,000 Rent expense 50,000 Accounting expenses 10,000 Total expenses 400,000 Net income before taxes 100,000 Income
taxes 25,000 Net Income 75,000 ]
Expert answered|armageddon|Points 66|
Question
Asked 2/9/2013 9:11:32 PM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Which of the following questions is important in developing an audience profile? (Points : 5) a. What is your audience's level of understanding? b. Where is your audience located? c.How large is your audience? d. All of the above.
Weegy: One of the steps in analyzing your audience is to a. determine whether your audience ... and purpose to your audience's frame of reference. d. allow your audience to ... only on lower-level employees. d. [ not important if you are presenting to your ... tone. b. use a large room. c. seat the audience in rows. d. do all of the above. ] (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 2/2/2013 10:24:52 PM
0 Answers/Comments
If you begin a message with the following: "Hi Susan: How is it going? I am sending along the info you asked for," you are using: (Points : 5) a a formal tone. an informal tone. a conversational tone. a direct tone.
Weegy: If you begin a message with the following: "Hi Susan: How is it going? I am sending along the info you asked for," you are using: Answer: an informal tone. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 2/2/2013 10:31:20 PM
0 Answers/Comments
Identify this sentence: "Management is hiring a new head of personnel." (Points : 5) a. simple sentence b. compound sentence c. complex sentence d.compound-complex sentence
Weegy: The sentence: "Management is hiring a new head of personnel." is a. simple sentence. [Reference: (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 2/2/2013 10:34:35 PM
0 Answers/Comments
What differences exist between periodic and perpetual inventory accounting?
Weegy: Under a perpetual inventory system, inventory accounts and databases are updated automatically each time a product is received or sold. Periodic inventory systems use regular and random inventory audits to update inventory tracking information. [ ] (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 2/2/2013 11:08:08 PM
0 Answers/Comments
16,935,000 questions answered
Popular Conversations
Why do you think some teachers are better loved by students than ...
Weegy: I can totally relate to you because i have teachers who are my favorite and i treat her as my mom. [ Every time ...
7/24/2014 1:37:29 AM| 3 Answers
Find the equation of a line with the given points. (Put your answers ...
Weegy: The equation of a line with the points: (8, 1) (7, 9) is y = -8x + 65 User: Find the equation of a line with ...
7/24/2014 12:01:14 AM| 2 Answers
What had its roots in a computer networking system that the U.S. ...
Weegy: d. the Internet User: Clinton's first major initiative on_______________________ was unsucessful and failed ...
7/24/2014 7:16:31 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 1972 [Total 20972]| Ratings 1| Comments 1962| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 1880 [Total 17009]| Ratings 0| Comments 1880| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 1615 [Total 14170]| Ratings 1| Comments 1605| Invitations 0|Offline
S
L
1
Points 1433 [Total 3616]| Ratings 2| Comments 1413| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1117 [Total 7294]| Ratings 2| Comments 1097| Invitations 0|Offline
S
1
L
Points 969 [Total 3105]| Ratings 6| Comments 909| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 884 [Total 10492]| Ratings 0| Comments 884| Invitations 0|Offline
S
1
L
Points 773 [Total 4449]| Ratings 2| Comments 753| Invitations 0|Online
S
P
C
L
P
L
1
Points 714 [Total 5768]| Ratings 4| Comments 674| Invitations 0|Offline
S
Points 263 [Total 411]| Ratings 2| Comments 243| Invitations 0|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.