Solution-What would Ortiz report as total revenues

What would Ortiz report as total revenues

Assignment Help Accounting Basics

Reference no: EM133133838

Question - Ortiz Co. had the following account balances:

Sales $120,000

Cost of goods sold 60,000

Salary expense 10,000

Depreciation expense 20,000

Dividend revenue 4,000

Utilities expense 8,000

Rental revenue 20,000

Interest expense 12,000

Sales returns 11,000

Advertising expense 13,000

Required - What would Ortiz report as total revenues in a single-step income statement?

Reference no: EM133133838

Questions Cloud

What were the changes in target pension plan : What were the changes in Target's Pension Plan Assets in the fiscal years ended February 3, 2018, and January 28, 2017, for its qualified pension plans

What is the payback period : The cash flow for the next five years are $13,000, $11,000, $10,000, $11,000, and $12,000, respectively. What is the payback period

What is the amount of depreciation for the first full year : It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,340 hours

Find the targeted number of sales in luxury cars : Find the targeted number of sales in luxury cars for Fairly Honest Motors if the variable cost per car is $43,750, the selling price per car is $64,900

What would Ortiz report as total revenues : Ortiz Co. had the following account balances: Depreciation expense 20,000. What would Ortiz report as total revenues in a single-step income statement

Calculate earnings per share for lake industries : Calculate earnings per share (EPS) for Lake Industries for each of the next 5 years (2013-2017), assuming that there is no merger

Journal entries to record current year depreciation : Andy sells this equipment for $12,000 at the end of the current year. Journal entries to record both the current year's depreciation and disposal of equipment

FE 621 Computational Methods in Finance Assignment : FE 621 Computational Methods in Finance Assignment Help and Solution, Stevens Institute of Technology - Assessment Writing Service

Characteristic of the different types of market structure : List and define the characteristics of the various market structures. Then, you should explain each characteristic of the different types of market structure in

User Account

All Pages

What would Ortiz report as total revenues

Reference no: EM133133838

Reference no: EM133133838

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT