The general ledger of the fly-by-night fbn engineering

Assignment Help Mechanical Engineering

Reference no: EM13623570

The general ledger of the Fly-By-Night (FBN) Engineering Company contained the following account balances.

Administrative Expenses = $3,300

Subcontracted Services = $15,000

Development Expenses = $800

Interest Expense = $300

Sales Revenue = $40,000

Selling Expenses = $5,500

What is the net income before taxes and the net profit (or loss) after taxes? Assume a tax rate of 27%.

1) Net Income Before Taxes = $15,300

Net Profit After Taxes = $11,369

2) Net Income Before Taxes = $11,023

Net Profit After Taxes = $15,100

3) Net Income Before Taxes = $15,100

Net Loss After Taxes = ($11,023)

4) Net Income Before Taxes = $15,100

Net Profit After Taxes = $11,023

Reference no: EM13623570

Questions Cloud

A researcher reports that the correlation between age and : a researcher reports that the correlation between age and physical health of adults over 50 is -.69. one can conclude

Laser light sent through a double slit produces an : laser light sent through a double slit produces an interference pattern on a screen 3.0 m from the slits. if the second

A 13 g bullet traveling 222 ms penetrates a 20 kg block of : a 13 g bullet traveling 222 ms penetrates a 2.0 kg block of wood and emerges cleanly at 159 ms. if the block is

Which of the following statements regarding a negative : which of the following statements regarding a negative correlation is true?a. high values of the x variable tend to be

The general ledger of the fly-by-night fbn engineering : the general ledger of the fly-by-night fbn engineering company contained the following account balances.administrative

A 14000 kg railroad car travels alone on a level : a 14000 kg railroad car travels alone on a level frictionless track with a constant speed of 25.0 ms. a 5250 kg load

Your company is considering the replacement of an old : your company is considering the replacement of an old delivery van with a new one that is more efficient. the old van

The plane of the coil is rotated from a position where it : a closely wound rectangular coil of 100 turns has dimensions of 24.0 cm by 41.0 cm. the plane of the coil is rotated

What is bragg scattering angle phi - first order for an : a briefly describe the davidson-germer experiment. how does it support the de broglies hypothesis?b what is bragg

User Account

All Pages