On december 31, 2021, the end of the fiscal year, revolutionary industries completed the sale of its robotics business for $12.0 million. the robotics business segment qualifies as a component of the entity according to gaap. the book value of the assets of the segment was $8.5 million. the income from operations of the segment during 2021 was $5.5 million. pretax income from continuing operations for the year totaled $13.5 million. the income tax rate is 25%. prepare the lower portion of the 2018 income statement beginning with pretax income from continuing operations. ignore eps disclosures. (amounts to be deducted and negative amounts should be indicated with a minus sign. enter your answers in whole dollars.)

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not

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On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.