Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
Mazyrski [523]
Answer:
$154,050
Explanation:
The computation of the net income for the firm is shown below:
Sales $634,000
Less: costs -$328,000
Less: depreciation -$73,000
EBIT -$233,000
Less: interest -$38,000
EBT 195,000
Less: tax(195,000 × 21%) -$40,950
Net income $154,050
We simply deduct all expenses ,interest and taxes from the sales revenue so that the net income could come and the same is to be considered
So Biochemists go and compare the life and cells and dna of different creatures. doing this they developed the explination of ansestors or common ancestors. for humans for an example, we have the common ancestor that the apes have but we didnt evolve from apes.
<span>Unattainable points are outside the PPF. The PPF refers to the Production Possibilities Frontier. This is set by the economic standing of a country and a country is not able to perform and produce outside of their set PPF. Due to this, all unattainable points are located outside of the PPF. </span>
Answer:
0.82 times
Explanation:
The computation of the quick ratio is shown below:
Quick ratio = Quick assets ÷ total current liabilities
where,
Quick assets = Cash + accounts receivable
= $500 + $900
= $1,400
And, the current liabilities is
= Notes payable in six months + accounts payable
= $600 + $1,100
= $1,700
So, the value would equal to
= $1,400 ÷ $1,700
= 0.82 times
The inventory is not included.
Answer:
The net income earned during the year is $ 5,000
Explanation:
The first point to kn ow is the accounting equation is A=L+SE
So to calculate the opening stockholders equity we can rearrange the accounting equation to be:
A-L = SE
so opening SE is
Assets $ 50,000 - Liabilities $ 40,000 = Stockholders Equity $ 10,000
Ending Stockholders equity is:
Assets $ 35,000 - Liabilities $ 20,000 = Stockholders Equity $ 15,000
Since the question mentions that the change in stockholders equity is only due to net income, the increase of $ 5,000 represents the net income for 2019.
