Business, 29.10.2019 22:31 Baseball4744

Sales revenue equals $367,810, sales returns and allowances are $10,000, and sales discounts total $14,180. the cost of goods sold is $216,490, operating expenses are $28,500, and the company incurs $31,640 of income tax expense. which of the following statements is correct?

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Answer from: bigmouth804

Net Sales = $343,630

Gross Profit = $127,140

Net Income = $67,000

Explanation:

XYZ Company

Income Statement

For the year ended, Dec 31, 20xx

Particulars $

Sales Revenue 367,810

Less: Sales returns and allowances (10,000)

Less: Sales discounts (14,180)

Net Sales 343,630

Less: Cost of goods sold (216,490)

Gross profit 127,140

Less: operating expenses (28,500)

Income from operation 98,640

Less: Income tax expense (31,640)

Net Income 67,000

Answer from: Quest

As a costumer i would say c.hope it !

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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