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
Get an answer
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
Expert Answered
Asked 2/2/2013 10:24:52 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
Expert Answered
Asked 2/2/2013 10:34:35 PM
0 Answers/Comments
17,112,712 questions answered
Popular Conversations
What color is rain?
Weegy: The rain does not have a color it is water. If you notice water sometimes has a blue tint because it is a ...
8/22/2014 9:13:22 AM| 3 Answers
Deaths due to lifestyle diseases have declined since the early 1900s. ...
Weegy: Deaths due to lifestyle diseases have declined since the early 1900s. This is FALSE.
8/22/2014 11:58:34 AM| 3 Answers
A valid hypothesis must be testable.
Weegy: A valid hypothesis must be testable. True.
8/22/2014 8:28:55 AM| 2 Answers
The Nautilus is a submarine
Weegy: It is NOT true that the Nautilus is a submarine. User: Nautilus Weegy: We grow in ever-broadening paradigms ...
8/22/2014 8:43:56 AM| 2 Answers
The denouement of the novel is the action following the _____ of the ...
Weegy: The denouement of the novel is the action following the falling action of the novel and moving toward the ending ...
8/22/2014 8:56:11 AM| 2 Answers
Which word in the sentence is the direct object? We met her at the ...
Weegy: The direct object in the sentence "We met her at the county fair last night" is: night
8/22/2014 9:35:39 AM| 2 Answers
Simplify 5(R + 2) - 6.
8/22/2014 11:12:48 AM| 2 Answers
8)An injured person should only be moved if __________ a. The person ...
Weegy: An injured person should only be moved if the person is unconscious.
8/22/2014 12:36:58 PM| 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
P
C
Points 1921 [Total 23521]| Ratings 2| Comments 1901| Invitations 0|Offline
S
L
1
L
Points 1546 [Total 5522]| Ratings 5| Comments 1496| Invitations 0|Online
S
L
C
P
C
1
L
L
Points 1439 [Total 15053]| Ratings 7| Comments 1369| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1395 [Total 9102]| Ratings 2| Comments 1375| Invitations 0|Online
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1249 [Total 16276]| Ratings 3| Comments 1219| Invitations 0|Online
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 840 [Total 18411]| Ratings 0| Comments 840| Invitations 0|Offline
S
1
L
L
Points 466 [Total 5030]| Ratings 0| Comments 466| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 418 [Total 11079]| Ratings 1| Comments 408| Invitations 0|Offline
S
Points 311 [Total 311]| Ratings 1| Comments 281| Invitations 2|Offline
S
Points 217 [Total 228]| Ratings 3| Comments 157| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.