subject
Physics, 06.03.2020 19:04 P05182010

The income statement for Piura Merchandising Corporation is as follows: Piura Merchandising Corporation Income Statement For the Year Ended December 31, 20X1 Sales $ 1,500,000 Cost of goods sold Beginning inventory $ 400,000 Purchases 800,000 Ending inventory (200,000) (1,000,000) Depreciation expense (100,000) Amortization of patent (20,000) Wages expense (80,000) Insurance expense (40,000) Income before taxes $ 260,000 Income taxes (all current) (104,000) Net income $ 156,000 Other information is as follows: A. Accounts payable decreased by $20,000 during the year. B. Accounts receivable increased by $20,000. C. All wages were paid at the beginning of the year; at the end of the year, wages payable had a balance of $12,000. D. Prepaid insurance increased by $24,000 during the year.

ansver
Answers: 3

Another question on Physics

question
Physics, 22.06.2019 03:30
What is the momentum of a 2 kg object moving at 15 meters per second
Answers: 1
question
Physics, 22.06.2019 05:30
What are similarities and differences of reflection, refraction, diffraction and absorption?
Answers: 1
question
Physics, 22.06.2019 08:20
The bubba chump shrimp company processes and packages shrimp for sale to wholesale seafood distributors. the shrimp are transported to the main plant by trucks that carry 1,000 pounds (lb) of shrimp. once the continuous flow processing of the shrimp begins, no inventory is allowed in buffers due to spoilage and all of the shrimp must be processed within 12 hours to prevent spoilage. the processing begins at the sorter, where the trucks dump the shrimp onto a conveyor belt that feeds into the sorter, which can sort up to 500 lb per hour. the shrimp then proceed to the desheller, which can process shrimp at the rate of 400 lb per hour. however, after 3 hours and 45 minutes of processing, the desheller must be stopped for 15 minutes to clean out empty shrimp shells that have accumulated. the veins of the shrimp are then removed in the deveining area at a maximum rate of 360 lb per hour. the shrimp proceed to the washing area, where they are processed at 750 lb per hour. finally, the shrimp are packaged and frozen. what is the daily process capacity of the processing plant (excluding the packaging and freezing)?
Answers: 2
question
Physics, 22.06.2019 10:00
Because air contracts as it cools, the air pressure inside a freezer is typically lower than on the outside. why do ice cubes inside a freezer tend to shrink over time? a. the ice dissolves oxygen from the air, forming a denser crystalline matrix.b. the ice reacts chemically with carbon dioxide in the air, forming gaseous carbon compounds.c. the ice melts, and then the liquid freezes as ice crystals on the bottom of the freezer.d. the ice sublimes, and then the water vapor deposits as ice crystals on the sides of the freezer.
Answers: 1
You know the right answer?
The income statement for Piura Merchandising Corporation is as follows: Piura Merchandising Corporat...
Questions
question
Mathematics, 24.02.2020 06:12
question
Mathematics, 24.02.2020 06:12
question
Mathematics, 24.02.2020 06:12
question
Mathematics, 24.02.2020 06:13
Questions on the website: 13722359