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.
25,809,070 questions answered
Popular Conversations
Skipping stitches may be the result of using A. a bobbin tension that ...
Weegy: Skipping stitches may be the result of using a needle that is too fine for the thread.
8/23/2017 11:39:06 AM| 0 Answers
Which of the following countries has the highest number of Fortune ...
Weegy: UNITED STATES has the highest number of Fortune 100 companies.
8/23/2017 1:32:10 AM| 0 Answers
Plot, character, and setting do not affect one another. True False ...
Weegy: Plot, character, and setting do not affect one another. FALSE. User: The words he said are considered ...
8/18/2017 8:46:59 AM| 0 Answers
Weegy Stuff
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 3] 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
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.