A company reported a wages expense of $420 million for the year. The cash actually paid for wages during the period was $390 million. What was the change in wages payable for the period?
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- what is company net income ?For the past year, Hawkeye, Inc., had a cost of goods sold of $63,882. At the end of the year, the accounts payable balance was $12,789. How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Crane reported the following information for its fiscal year end: On net sales of $ 53.000 billion, the company earned net income after taxes of $ 7.155 billion. It had a cost of goods sold of $ 21.465 billion and EBIT of $ 9.275 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin % Operating profit margin % Net profit margin %
- What is the gross income for the year on these financial accounting question?Please answer this question.Dexter, Incorporated, had a cost of goods sold of $44,121. At the end of the year, the accounts payable balance was $8,143. How long on average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
- What is Net income?The annual sales of a company are $235,000 including sales tax at 17.5%. Half of the sales are on credit terms; half are cash sales. The receivables in the statement of financial position are $23,500. What are the receivable days (to the nearest day)?Pharoah reported the following information for its fiscal year end: On net sales of $56.600 billion, the company earned net income after taxes of $6.792 billion. It had a cost of goods sold of $24.055 billion and EBIT of $9.622 billion. What are the company’s gross profit margin, operating profit margin, and net profit margin? (Round answers to 1 decimal place, e.g.12.5%.) Gross profit margin % Operating profit margin % Net profit margin %