Reading Readiness, Inc. has provided you its list of accounts and balances as of January 31. The Controller has asked you to prepare an Income Statement for the month ended January 31. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

Reading Readiness, Inc. Has Provided You Its List Of Accounts And Balances As Of January 31. The Controller
Reading Readiness, Inc. Has Provided You Its List Of Accounts And Balances As Of January 31. The Controller
Reading Readiness, Inc. Has Provided You Its List Of Accounts And Balances As Of January 31. The Controller

Answers

Answer 1

The preparation of Reading Readiness, Inc.'s multi-step Income Statement for the month ended January 31 is as follows:

Reading Readiness, Inc.

Income Statement

For the month ended January 31

Sales Revenue              $175,500

Less:

Sales Returns                      4,700

Sales Discounts                  6,000

Net Sales                     $164,800

Cost of Goods Sold         67,700

Gross profit                    $97,100

Expenses:

Salaries and Wages     $25,900

Depreciation Expense    13,800

Rent Expense                24,000

Operating expenses   $63,700

Operating income     $33,400

Interest Expense              1,600

Income before tax     $31,800

Income tax expense       7,700

Net income                 $24,100

Data and Calculation:

Gross profit percentage = 59% ($97,100/$164,800 x 100)

Thus, the net income after deducting the income tax expense is $24,100.

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Related Questions

2/5 x 3/7
What is the answer please.

Answers

Answer:

6/35 pls brainliest

Step-by-step explanation:

Help ASAP! i will give brainliest!

Answers

9514 1404 393

Answer:

-3/4a^3b^23.2·10^-1-0.1a^(n+1)

Step-by-step explanation:

To find the cube root, divide all of the exponents by 3. For a cube root, the sign is unchanged.

A) ∛(-27/64a^9b^6) = -∛(3^3/4^3·a^9·b^6) = -3/4a^3b^2

__

B) 9.6×10^-8 ÷ (3×10^-7) = (9.6/3)×10^(-8-(-7)) = 3.2×10^-1

__

C) ∛(-0.001a^(3n+3)) = -∛(0.1^3·a^(3n+3)) = -0.1a^(n+1)

15 and 3 are a factor of 30?

Answers

Answer:

Yes, they're.

Step-by-step explanation:

30 = 1 * 2 * 3 * 5

Yen paid $10.50 for 2.5 pounds of pretzels. What price did she pay for each pound of pretzels?

After dividing 25 into 105, the next step is to
25 by 4.
The next step is to
100 from 105.
The next step is to
the next number.

Answers

The first step is to Multiply  The next step is to Divide.

Ok so if you were wondering what to do on the box that says this

Move Decimal

Divide

Multiply

Subtract

Bring down

On this, I agree with myself. The solution is straightforward. Simply click them in the sequence listed, beginning with the first and ending with the last. Wow, what sleuthing I did. I realize it's not much, but I was perplexed by this as well, so you could be as well. So here we go with the actual answer. To tackle these sorts of issues, you must employ a technique known as PEMDAS, which stands for.

Parenthisis

Exponent

Multiply

Divide

Add Subtract

I realize I spelt the first one incorrectly, but it's 2 a.m. and I'm doing homework for you. Now we must consider whether or not this has any parenthesis. This particular issue does not. Now we must determine whether or not this issue has exponents, which it does. As mentioned in the response box on the lesson's main page. So we have to consider that (spelled incorrectly, but who cares, it's math class)Now we multiply by a power of ten, so the divisor is a whole number. The following step is to divide by calculating how many times 25 equals 105. I realize it was stolen from the question, but whatever. So there was the explanation; I realize I didn't answer the entire problem, but I didn't have to; it wasn't in the cards.

What is the opposite of -1.2

Answers

Answer:

1.2

Step-by-step explanation:

it's so easy it's 1.2

Answer:

The opposite of -1.2 is 1.2

The opposite of a negative number is always a positive number and vice versa.

Hope this helps you!

~Just a joyful teen

[tex]GraceRosalia :)[/tex]

I need help please I don't get this question​

Answers

Answer:

70.5%

Step-by-step explanation:

[tex] \frac{1 + \frac{41}{100} }{2} = \frac{x}{100} [/tex]

I wish I could help

Answer:  159

No need to type in the percent symbol as that's already taken care of.

==============================================================

Explanation:

The square on the left is fully shaded in to represent 100% so far.

The square on the left is partially shaded in to represent an additional percentage on top of that 100%.

Note that we have 10 rows and 4 columns of white squares, so 10*4 = 40 white squares. Plus the additional white square to the right to get 41 white. That means there are 100-41 = 59 blue squares shaded in. This means that 59% of the second square is shaded blue.

That leads us to 100% + 59% = 159%

Find a point-slope form for the line with slope 1/5 and passing through the point (-3, -8).

Answers

i think it would be y+8=1/5(x+3)

Step-by-step explanation:

point slope formula is y-y1=m(x-x1)

slope=m

m=1/5

What does the initial amount represent on the linear equations word problems?

Answers

Answer:

0

Step-by-step explanation:

The initial value or y-intercept is the output value when the input of a linear function is zero.

pls help i am in 8th grade k12
What is the equation of the line shown in this graph?

A function graph of a line with two points (-2,2) and (-2,-3) with an x axis of negative five to five and a y axis of negative five to five

Enter your answer in the box.

Answers

Answer:

x = -2

Step-by-step explanation:

Yeah if you have a new 7473

Can someone help me please

Answers

Answer:

The financial aid covers $ 1,875

Student needs to pay out-of-pocket $635

Step-by-step explanation:

(2,500) * (3/4) = 7500/4 = 1,875

2,500 - 1,875 = 635

Please help I’m timed thank you!!!

Answers

Answer:

BAP=12

ABP=32.5

BCP=45.5

Estimate the difference by rounding each number to the nearest whole

367.2-294.8
A. 72
B.72.4
C.73
D.80

Answers

Answer:

A. 72

Step-by-step explanation:

367.2 -> 367

294.8 -> 295

367

- 295

____

072

if you weren't estimating you would get B because you wouldn't round the numbers.

since the question says to round and then estimate, the answer should be A.

PLEASE DO!! will give brainliest

Which statement correctly describes the end behavior of the function f(x) = x2 – 2x + 8?

Answers

Answer:

3

Step-by-step explanation:

in both f approaches +infinity

- 5/2 divided by 5)7​

Answers

Answer:

-7/2

Step-by-step explanation:

[tex]▪▪▪▪▪▪▪▪▪▪▪▪▪  {\huge\mathfrak{Answer}}▪▪▪▪▪▪▪▪▪▪▪▪▪▪[/tex]

[tex] \boxed{ - \frac{7}{2} }[/tex]

[tex] \huge \boxed{ \mathfrak{Explanation}}[/tex]

let's solve ~

[tex] \dfrac{ - 5}{2} \div \dfrac{5}{7} [/tex]

[tex] \dfrac{ - 5}{2} \times \dfrac{7}{5} [/tex]

[tex] \dfrac{ - 1 \times 7}{2 \times 1} [/tex]

[tex] - \dfrac{7}{2} [/tex]

Help me please i've been stuck on this question for hours.

Answers

Answer:

a) x^3 b) y^5

Step-by-step explanation:

you can combine the x's and y's to make a exponent equal to the number of x's or y's.

Need help with math problem

Answers

Answer:

1/7

Step-by-step explanation:

Sana nakatutulong

#Carry on learning

Answer:

I Don't know if this is correct!

Step-by-step explanation:

1/7 of boys are not bringing their lunch as you can see.

I think it is 2/7

You are shipping a box that weighs 13 pounds. Shipping charges are listed by ounces at the local mail center. How many ounces does the box weigh?

Answers

Answer:

208 ounces in 13 pounds

Step-by-step explanation:

help please thank you

Answers

Part A: 5.868 * 10^6
Part B: 1.888*10^11
I don’t know the answer but I trying to figure out

45 percent of 74 is the same as 30 percent of what number?

Answers

Answer:

it's 60.81 i just had the same question too :)

Vocabulary How does a percent relate to a proportion? Drag the words to complete the explanation Each word may be used once or not at all

Answers

Answer:

A percent is a constant of proportionality describing the part of the whole

Step-by-step explanation:

Question 25
Multiply two or more consecutive integers to obtain a six-digit palindrome whose first two digits are “47”. What is the sum of these consecutive integers?
(A palindrome is a number that reads the same backwards as forwards)

Answers

Answer:

234

Step-by-step explanation:

The number is in the form of:

47AA74

This is divisible by 2, can be divisible by 3 but not divisible by 4 as 74 is not divisible by 4.

So possible number of integers is 2 or 3.

Two consecutive integersThere is no possible product ending with 4 (test it yourself)Three consecutive integers

The numbers are x - 1, x and x + 1

The product is between 470074 and 479974

Their product is between:

(x - 1)³ < x³ < (x + 1)³470074 ≤ x³ ≤ 479974∛470074 ≤ x ≤ ∛47997477.75 ≤ x ≤ 78.29x = 78 is the only integer within this interval

Lets test:

77*78*79 = 474474

Sum of these:

77 + 78 + 79 = 234

A line has a slope of 1 and passes through the point (-8, -7). What is its equation in
slope-intercept form?
Write your answer using integers, proper fractions, and improper fractions in simplest form.

Answers

Answer: y = x + 1

Step-by-step explanation:

y = 1x + c

-7 = 1(-8) + c

-7 = -8 + c

-7 + 8 = c

1 = c

y = 1x + 1 or

y = x + 1

Answer:

y+8=m(x+7)

hope this helps:

I used this formula y-y1=m(x-x1)

Can someone help me please

Answers

Answer:

15) 104 lbs

16) 263 miles

Step-by-step explanation:

15)  

4/7 of their weight (182) = the water weight

4/7 × 182 = 104 lbs

16)

3.5 months = 920 miles

1 month = 920 ÷ 3.5

= 262.8571429 ≈ 263 miles

Answer:

15) 104 lb

16) 262 6/7 miles/month

Step-by-step explanation:

15)

4/7 * 182 lb = 4/7 * 182/1 lb = (4 * 182)/(7 * 1) lb = (4 * 7 * 26)/7 lb = 104 lb

Answer: 104 lb

16)

(920 miles)/(3 1/2 months) = (920 miles)/(7/2 months) =

= 920/1 miles * 2/(7 months) = (920 * 2 miles)/(7 months) =

= 1840/7 miles/month = 262 6/7 miles/month

a business has recently made some upgrades to their shop that cost them $1,200. Normally, this business has a running cost of $50 per hour, and they have an income of $80 per hour. How many hours will it take for this business to recover the costs from the upgrades, and how much income will they have brought in by then

Answers

Answer:

9.23 hours to recover the money spent.

Step-by-step explanation:

50+80=130  

130x 9=1170

130x9.23=1200

A plumber has a fixed call out rate of $80 and has an hourly rate of $60

Answers

Answer:

do FYI kkkkkkjjj ghost oh go j

The expression for the total cost will be y = 80 + 60x.

What is an expression?

Expression in maths is defined as the collection of numbers variables and functions by using signs like addition, subtraction, multiplication, and division.

Numbers (constants), variables, operations, functions, brackets, punctuation, and grouping can all be represented by mathematical symbols, which can also be used to indicate the logical syntax's order of operations and other features.

Given that a plumber has a fixed call-out rate of $80 and an hourly rate of $60.

The expression will be formed by assuming the hourly rate to be x dollars. The expression will be written as below:-

y = 80 + 60x

Here y is the total cost 80 is the fixed cost and x is the hourly rate.

Therefore, the expression for the total cost will be y = 80 + 60x.

The complete question is given below:-

A plumber has a fixed call-out rate of $80 and an hourly rate of $60. Write an expression for the total cost.

To know more about an expression follow

https://brainly.com/question/24353476

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PLEASE HELP!! WILL GIVE BRAINLIEST!!!

Answers

Answer: it b

Step-by-step explanation:

IT B

Homework help please

Answers

Answer:

h=-136

Step-by-step explanation:

..............

1/4 + 23/28 - 1

please help

Answers

Answer:

[tex]\frac{1}{14}[/tex]

Step-by-step explanation:

[tex]\frac{1}{4} + \frac{23}{28} - 1 = ?[/tex]

First off, let's change everything to a common denominator. This will allow us to add the fractions!

To find a common denominator, we find a number that both 4, 28, and 1 can go into. 28 is the best choice, as 4 goes into it 7 times, 28 goes into it once, and 1 goes into it 28 times.

Let's change the first fraction into a number with a denominator of 28!

[tex]\frac{1}{4} * \frac{7}{7} = \frac{7}{28}[/tex]

[tex]\frac{7}{7}[/tex] = 1. Multiplying a number by one doesn't change its value.

The second fraction, [tex]\frac{23}{28}[/tex], already has a denominator of 28, so we don't have to do anything with it.

Now to the third number, -1:

[tex]-1 = -\frac{1}{1} * \frac{28}{28} = -\frac{28}{28}[/tex]

Now, let's add them all up!

[tex]\frac{7}{28} + \frac{23}{28} - \frac{28}{28} = \frac{7 + 23 - 28}{28} = \frac{2}{28}[/tex]

One last step, to simplify:

[tex]\frac{2}{28} = \frac{1}{14}[/tex]

Your answer is 1/14!

I need help solving 2 and 3! Please help! Please ;-;

Answers

Answer:

that looks hard to btw

Step-by-step explanation:


A chef will make a soup with five ingredients: one of four meats, one of four vegetables, one of
four kinds of noodles, one of four kinds of broth, and one of four spices. How many different
combinations of ingredients could the chef put into the soup?
A. 20
B.256
C. 1,024
D. 3,125

Answers

Answer:

A chef will make a soup with five ingredients: one of four meats, one of four vegetables, one of

four kinds of noodles, one of four kinds of broth, and one of four spices. How many different

combinations of ingredients could the chef put into the soup?

A. 20

B. 256

C. 1,024

D. 3,125

Step-by-step explanation:

4 kinds of meats

4 kinds of vegetables

4 kinds of noodles

4 kinds of broth

4 kinds of spices

In a total of: 20 different combinations of ingredients.

I hope it helps!

The value of different combinations of ingredients could the chef put into the soup is,

⇒ 20

What is Combination?

A combination is a technique to determines the number of possible arrangements in a collection of items where the order of the selection does not matter.

Given that;

A chef will make a soup with five ingredients: one of four meats, one of four vegetables, one of four kinds of noodles, one of four kinds of broth, and one of four spices.

Hence, The value of different combinations of ingredients could the chef put into the soup is,

⇒ ⁴C₁ + ⁴C₁ + ⁴C₁ + ⁴C1

⇒ 4 + 4 + 4 + 4 + 4

⇒ 20

Thus, The value of different combinations of ingredients could the chef put into the soup is,

⇒ 20

Learn more about the combination visit:

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