User Account

All Pages

How much is net income

Assignment Help Accounting Basics
Reference no: EM132539071

Question - A company's net sales is $120,000; cost of goods sold is $37,000; selling expenses are $25,000; administrative expenses are $29,000; and interest income is $3,000. How much is net income?

a. $29,000

b. $32,000

c. $83,000

d. $123,000

Reference no: EM132539071

Questions Cloud

BPMN Flowchart : The costumer checks the flowers and filter if the price okay or choose what kind of flower he wants. Pick the flowers what he likes and add to the basket.
How much is net income from operations : A company's net sales is $120,000; cost of goods sold is $37,000; selling expenses are $25,000; How much is net income from operations
What is the maximum total of gifts : In 2019, Frank decided to start a program of lifetime giving to his two children and six grandchildren. What is the maximum total of gifts
Information security and risk management : Discuss the various risk assessment methodologies that may be in use today. Is there one that stands out to you being more productive than others?
How much is net income : A company's net sales is $120,000; cost of goods sold is $37,000; selling expenses are $25,000; How much is net income
How organizations use balanced scorecards : The concept of the balanced scorecard. Please note what it is and how organizations use balanced scorecards.
What is total variable cost per unit : These five people will be either fired or reassigned to other tasks within the company. What is total variable cost per unit
Show all necessary journal entries for wildhorse : Wildhorse Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2017. Show all necessary journal entries for Wildhorse
Growth in telecommuting and mobile work arrangements : Given the growth in telecommuting and other mobile work arrangements, how might offices physically change in the coming years?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the amount of cash collected from customers

Sage Company had a $300,000 balance in Accounts Receivable on January 1.The balance in Allowance for Bad Debts on January 1 was $36,000. Sales for the year totaled $1,700,000. All sales were credit sales.

  What is the jackie capital balance

Andy and Lau shared net income and losses in the ratio of 3:2, respectively. What is the Jackie's capital balance after the new partnership is created

  How much did guo pay in cash dividends

Guo Company has owners' equity of $377,600 and net income of $74,196. How much did Guo pay in cash dividends, and what were its average assets

  Prepare the consolidated income statement

Required: Prepare the consolidated income statement, consolidated statement of changes in equity, and consolidated balance sheet of the Bon Ltd

  Describe the impact of the sarbanes-oxley act

By researching the results of SOX compliance surveys, assess the financial impact that SOX might have on your company if it decides to go public

  Prepare the income tax expense portion

Prepare the income tax expense portion of the income statement for Wyley for 2019 starting with Loss before taxes

  Scenario of internal control case

Identify some additional control procedures that the company might implement to reduce the monthly loss from theft of office supplies by employees.

  The following information is known about three common

the following information is known about three common stocks stock a stock b stock c expected rate of return stock a 3

  Corporate income statement assessment

Prepare Nguyen Corporation's income statement for 2011, including earnings per share, assuming a weighted average of 100,000 shares of common stock outstanding for 2011.

  What can people learn about stewardship

What can people learn about stewardship from Statement of Cash Flows? What insights does it provide that people can't learn from the other 3 Financial Statement

  The finishing department had 7500 incomplete units in its

the finishing department had 7500 incomplete units in its beginning work-in-process inventory which were 100 complete

  How much will each of the company liabilities

How much will each of the company liabilities be paid at liquidation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd