On October 31, 2019, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesaler, are as follows:

Accumulated Depreciation-Building $746,350
Administrative Expenses 515,750
Building 2,419,500
Cash 168,150
Common Stock 300,500
Cost of Merchandise Sold 3,925,500
Dividends 179,100
Interest Expense 9,950
Merchandise Inventory 1,020,900
Notes Payable 259,350
Office Supplies 19,150
Retained Earnings 1,343,400
Salaries Payable 7,600
Sales 6,144,850
Selling Expenses 732,500
Store Supplies 92,700

Required:
Prepare a multiple-step income statement for the year ended March 31, 2019. Be sure to complete the heading of the statement. Refer to the information given in the exercise and to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. In the Other expenses section only, enter amounts that represent other expenses as negative numbers using a minus sign.

Multiple-step income statement for the year ended 31, 2019

Sales                                                                         6,144,850

Less Cost of Merchandise Sold                            (3,925,500)

Gross Profit                                                               2,219,350

Less Operating Expenses :

Administrative Expenses               (515,750)

Selling Expenses                           (732,500)

Office Supplies                                 (19,150)

Store Supplies                                 (92,700)          (1,360,100)

Operating Income                                                      859,250

Less Non- Operating Expenses :

Interest Expense                              (9,950)                (9,950)

Net Income                                                                 849,300

Explanation:

Multiple-step income statement show separately Income derived from Primary Activities of the Entity (Operating) and those Income derived from the Secondary Activities of the Entity (Non-Operating).

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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