![alexisolsennn4680](/avatars/48457.jpg)
alexisolsennn4680
16.01.2020 •
Mathematics
The revenues and expenses of sentinel travel service for the year ended august 31, 2019, follow: fees earned $745,515 office expense 171,470 miscellaneous expense 14,910 wages expense 357,845 prepare an income statement for the year ended august 31, 2019.
Solved
Show answers
More tips
- C Computers and Internet The Best Antivirus Programs for your PC...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
- H Health and Medicine What is Autism? Understanding the Basics of This Neurodevelopmental Disorder...
Answers on questions: Mathematics
- M Mathematics Simplify. root of 108 x^5 y^6 ( root of *meaning the radical sign) a.) 6x^2y^3 b.) 6x^2y^3 root of 3x c.) 18x^3y^3...
- M Mathematics I.angelica’s service club is selling flowers for a fundraiser. each flower costs them $0.50 to purchase. they set the sale price of each flower at the purchase price...
- M Mathematics Adisplay of cereal boxes has one box in the top row, two boxes in the second row, three boxes in the third row, and so on, as shown. how many rows of boxes will there...
- M Mathematics What is the value of 3f(x) when x is 6...
- M Mathematics Jose bought a car for $32000. the car depreciates in values by 5.7% each year. write an exponential function that represents how much jose s car is worth. a. identify...
- M Mathematics The ratio of sheep to goats is 5: 4. there are 100 sheep. how many goats are there? need asap...
- M Mathematics List the steps that should be used to solve the equation (f)x=g(x) by graphing when f(x)=(1/2)^x-3 and g(x)=3x+5...
- M Mathematics 6-3b 10 -3b + 18 can you solve this inequality ?...
- M Mathematics A large firm that owns a chain of grocery stores wanted to see if they could increase the average number of patrons who visit by implementing a rewards member program....
- M Mathematics The law of large numbers tells us that the distribution of a large random sample should resemble the distribution from which it is drawn. a. True b. False...
Ответ:
Step-by-step explanation:
What I will do is attach a picture of the income statement prepared, and explained the process and figures gotten, first we start with writing the Revenue with the year 2019, for the revenue, the only value given is the Fees earned, then after Revenue, we go to expenses, where we have Office, Miscellaneous, and wages, then we find the total of that, then after this we go to net income before Taxes, which is the difference with the total revenue and total expense, which is $745,515 - $544,225 = $201,290
Then we find the income tax expenses and we assume that tax is 40% of your profit, which is 40% of $201,290 = 40/100 x 201290 = $80,516
Then we find the net income which is the income tax expense subtracted from the net income before tax
201290 - 80516 = 120,774
Find the picture attached from the income statement
Ответ: