User Account

All Pages

How much was lantz operating income

Assignment Help Accounting Basics
Reference no: EM132082110

Question - Lantz Company has provided the following information:

Cash sales totaled $255,000.

Credit sales totaled $479,000.

Cash collections from customers for services yet to be provided totaled $88,000.

A $22,000 loss from the sale of plant and equipment occurred.

Interest income was $7,700.

Interest expense was $19,900.

Cost of goods sold was $336,000.

Rent expense was $36,000.

Salaries expense was $49,000

Other operating expenses totaled $79,000.

How much was Lantz's operating income?

Reference no: EM132082110

Questions Cloud

Discuss the internal environmental impacts : Imagine you are a health care manager of a facility that will be moving into a new facility that is being renovated. You and your team have been asked to manage
Calculate a 5-year weighted moving average to forecast : Calculate a 5-year weighted moving average to forecast the number of merg­ers for 2012. Use regression analysis to forecast the number of mergers in 2012.
What can be the limitations of critical path scheduling : What can be the limitations of critical path scheduling? list four examples of a server’s citizenship behavior and four examples of counterproductive behavior.
What is the balance in the capital account : The remainder is divided 20% to C, 35% to E, and 45% to E. What is the balance in the capital account at the end of the year if net income was $80,000
How much was lantz operating income : Cash collections from customers for services yet to be provided totaled $88,000. How much was Lantz operating income
Emergency management disciplines : How does the function of mitigation differ from the other 3 emergency management disciplines?
What was ending inventory using the fifo cost flow : A company uses the periodic inventory system and has provided the information - What was ending inventory using the FIFO cost flow assumption
In order to ensure unique content in projects : In order to ensure unique content in projects, while still maintaining employee learning and personal development.
What is the initial investment outlay : The firm paid a consulting firm $50,000 last year for advice on the project. The firm will use a building that could be sold for $155,915.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What distinguishes 3g from 4g communications

What distinguishes 3G from 4G communications? Identify three 4G communications standards.

  Cash flow before tax and interest

How much will a firm need in cash flow before tax and interest to satisfy debtholders and equityholders if: the tax rate is 35%, there is $13 million in common stock requiring a 10% return, and $6 million in bonds requiring an 6% return?

  What is the premium expense

Mott co includes one coupon in each bag of dog food it sell. In return for 8 coupons, customers receive a leash. What is the premium expense

  What are assets

What are assets? What are liabilities? What is equity? What are current liabilities? Explain what working capital is and how it is computed.

  Analysis of the accounts of chamberlin manufacturing

Analysis of the accounts of Chamberlin Manufacturing reveals the following manufacturing cost data for the month ended June 30, 2010.

  The following selected transactions were completed by

the following selected transactions were completed by affordable supplies co. which sells supplies primarily to

  Kelly clarkson manufactures a number of products

Kelly Clarkson manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May.

  Prepare a schedule of interest expense and bond amortization

The bonds are dated January 1, 2012, and mature January 1, 2017, Prepare a schedule of interest expense and bond amortization for 2012-2014

  The stock in mockingbird

59. Ida owns 30% of the stock in Mockingbird, a calendar year S corporation. Her basis in the stock as of January 1, 2013, is $120,000. Mockingbird has an operating loss of $500,000 in 2013 and an operating profit of $600,000 in 2014. Ida ..

  At the end of the year overhead applied was 35000000 actual

at the end of the year overhead applied was 35000000. actual overhead was 34200000. closing overunder applied overhead

  How much interest will pay each year

If I pay interest on these bonds annually, how much interest will pay each year? What proceeds did I receive when issued these bonds

  Discuss closure and post-closure landfill costs accounting

How are closure and post-closure landfill costs accounting for in the government-wide financial statements? How are they accounted for in the governmental.

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