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lidiya [134]
2 years ago
14

Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the tot

al outstanding stock of 9,000 shares and is the managing executive in charge. On December 31, the following financial items for the entire year were determined: sales revenue, $181,000; salaries and wages expense, $100,000; interest expense, $6,600; advertising expenses, $9,175; and income tax expense, $18,800. Also during the year, the company declared and paid the owners dividends amounting to $15,000.Prepare the company’s income statement.
Business
1 answer:
arlik [135]2 years ago
7 0

Answer:

Explanation:

The preparation of the company’s income statement is presented below:

                               Home Realty, Incorporated

                                     Income statement

Sales revenue                         $181,000

Less: Total expenses

Salaries and wages expense ($100,000)

Interest expense                     ($6,600)

Advertising expenses             ($9,175)

Income tax expense               ($18,800)

Net income                              $46,425

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const2013 [10]

Answer:

8.5

Faster than Normal

Explanation:

Charlene Brewster normal time for the operation will be calculated by taking average of times.

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The normal time will be calculate by dividing the Charlene Brewster time by performance rating

8.5 / 110% = 7.7

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2 years ago
First pension went so far as to ______________ to fool an employee who questioned company investments
IgorLugansk [536]
The answer to this question is <span>hire an actress to impersonate an auditor.
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By using an actress disguised as an auditor, company will make the investment become more trustworthy and avoid suspicion for potential whistle blower from the company.</span>
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2 years ago
One of your duties as the capacity manager for XYZ Company is to determine the best operating level. One way to help determine c
yanalaym [24]

Answer:

Capacity utilization rate of team 1=4200/4700=0,89

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To get the maximum capacity of utilization capacity manager must consider the routine safety and the level where average cost per unit, so we use 4700 widgets per day to get the rate of team 1 and 2.  

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3 0
2 years ago
________ reject most traditional advertising and use multiple sources—traditional media, the Internet, product-rating magazines,
ser-zykov [4K]

Answer:

Proactive consumers

Explanation:

Proactive means acting in advance to deal with an unexpected change or difficulty in the future.

Proactive consumers refers a group of consumers who are an intrinsic part of the creative process of developing a product. They are the active consumers. They are not a part of the passive consumers where industry dumps consumer goods.

Proactive consumers are part of the production and marketing process of a product. They make research on how a product can be improved on.

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2 years ago
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qwelly [4]

Answer:

The Managing director wants him to reduce the production cost through the manipulation of figures. This is an unethical practice in Accounting.

Explanation:

The declaration of higher profit is a function of cost minimization. Since Mathew feels pressured to make unethical accounting decision, it implies that his CEO wants him to manipulate cost figures fraudulently so as to declare a higher profit figure.

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