Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Prepare an income statement for a profitable small business. Include at least 10 operating expenses. Use an income tax rate of 25%.
A: 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.
26,444,095 questions answered
Popular Conversations
What is the solution to the proportion? n/18 = 5/9 A. n = 2.5 B. n ...
Weegy: n/18 = 5/9; 9n = 5 * 18 9n = 90 n = 90/9 n = 10
10/12/2017 10:59:55 AM| 8 Answers
During what part of "Bernice Bobs Her Hair" does Bernice cut ...
Weegy: Bernice cuts Marjorie's hair while she sleeps, and throws the braids in a car and walks down the street with her ...
10/12/2017 7:14:11 AM| 2 Answers
The Moon is made up mostly of _______, similar to minerals on Earth. ...
Weegy: The Moon is made up mostly of silicates, similar to minerals on Earth.
10/12/2017 9:54:42 AM| 2 Answers
What is a credit limit?
Weegy: A credit is an accounting entry that either decreases assets or increases liabilities and equity on the ...
10/21/2017 12:20:15 PM| 2 Answers
8z + 3 – 2z
Weegy: 8z + 3 - 2z User: y/9 + 5 = 0 Weegy: y/ 9 + 5 = 0;
10/21/2017 12:52:31 PM| 2 Answers
The Moon is made up of minerals similar to those on Earth, which are ...
Weegy: When the Moon reaches equal periods of orbital and rotational periods, it's known as SYNCHRONOUS rotation. ...
10/21/2017 1:13:59 PM| 2 Answers
The leader of the PLO (Palestine Liberation Organization) is A. ...
Weegy: IRELAND withdrew from the British Commonwealth to form an independent republic. User: The American ...
10/13/2017 7:26:44 AM| 2 Answers
Weegy Stuff
S
P
P
L
P
P
P
Points 140 [Total 2032] Ratings 11 Comments 30 Invitations 0 Offline
S
P
L
Points 101 [Total 123] Ratings 0 Comments 101 Invitations 0 Offline
S
Points 77 [Total 77] Ratings 4 Comments 37 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 0 Comments 1 Invitations 1 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
L
Points 1 [Total 100] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.