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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Answer:
c/8 =__
Step-by-step explanation:
Answer:
"She invested $2500 in 5% account and $5500 in 8% account"
Step-by-step explanation:
Let the amount invested in 5% account be "x"
So, the amount invested in 8% account would be "8000 - x"
Interest amount is the percentage multiplied by amount invested. So
Interest of 5% account = 5% of x = 0.05x
Interest of 8% account = 8 % of 8000 - x = 0.08(8000 - x)
Total interest is the sum of these 2 expressions that EQUATES to 565 (given). Let's solve for x:
and thus,
"8000 - x" = 8000 - 2500 = 5500
Hence,
She invested $2500 in 5% account and $5500 in 8% account
Answer: x = - 2√5, √5/3
Step-by-step explantion
3 √ 5 x 2 + 25 x − 10 √ 5 = 0 35x2+25x−105=0
⇒ 3√5x2 + 30x – 5x – 10√5 = 0
⇒ 3√5x(x + 2√5) – 5(x + 2√5) = 0
⇒ (x + 2√5)(3√5x – 5) = 0
x = - 2√5, √5/3