Based on the table given below,Net Income ModelData1BSalesCost of Goods Sold$10.000.0006400.000Administrative Expenses 500,000Selling Expenses5.900.000Depreciation Expenses250.00010Interest Expenses2000011Taxes$620,0001213Model1415Kiss Profi1,000,00016Operating Expenses52.110.00019Net Operating Inome1.450.000arnings Before Tenes1350.0001920Net Incomewhich of the following formulas would be used to calculate the net income value using only the information in theModel, and not in the Data section?.-B6-B15-B15-B16-B17+B18-B5-B17-B18-B11

Net income is calculated at the end of accounting period through income statement. Income statement…

Based on the table given below, Net Income Model Data 1 Nales B Kest of Goods Sold $10.000.000 S6,400,000 Administrative Expenses 500,000 Selling Expenses $900,000 " Depreciation Expenses 250.000 10 Interest Expense 70.000 11 Tunes 620,000 12 33 Model 14 15 3,600,000 16 Operating Expenses 52.110.000 17 ON arnings Before Tees 1.350.000 19 Net Income which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section? -B6-B15 -B15-B16-B17+B18 -B5-B17 -B18-B11

Based on the table given below, Net Income Model Data 1 Nales B Kest of Goods Sold $10.000.000 S6,400,000 Administrative Expenses 500,000 Selling Expenses $900,000 " Depreciation Expenses 250.000 10 Interest Expense 70.000 11 Tunes 620,000 12 33 Model 14 15 3,600,000 16 Operating Expenses 52.110.000 17 ON arnings Before Tees 1.350.000 19 Net Income which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section? -B6-B15 -B15-B16-B17+B18 -B5-B17 -B18-B11

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Financial information is presented below: Operating expenses $ 33000 Sales revenue 211000 Cost of goods sold 129000 Gross profit would be $178000. $ 82000. $ 33000. $ 49000.
Provide Answer with calculation and explanation
K The following information relates to Fantastic Clothing, Inc. Net Sales Revenue Cost of Goods Sold Interest Expense Operating Expenses Calculate the net income. OA. $260,700 OB. $265,000 O C. $315,700 OD. $320,000 $550,000 230,000 4,300 55,000
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using the following table (image attached) calculate the financial leverage multiplier used in the BMC system
1
klp.2
Subject: accounting
Warrior Industries Income Statement for year ending 12/31/20XX Sales revenue Less cost of goods sold Gross margin Less operating expenses Marketing Sales and administrative Depreciation ood to go Total operating expenses Operating income Less interest expense Income before taxes Income tax expense Net income E 40,000 20,000 10,000 5. 456,428 205,200 251,228 70,000 181,228 7,000 174,228 40,000 134,228 Assets Current Assets Cash Accounts receivable Inventory Fixed assets Total assets O Warrior Industries Balance Sheet for 12/31/20XX Total current assets Property, plant and equipment Accumulated depreciation Net fixed assets Liabilities and Owner's Equity Current liabilities Accounts payable Note payable to bank Deposits from customers N Total current liabilities Long term mortgage Owner's Equity Total liabilities Retained earnings Total Owners' Equity Total liability and equities $ 52,400.00 $ 11,000.00 $ 15,900.00 $ 79,300.00 $ 80,000.00 $ (20,000.00) $ 60,000.00 $139,300.00 $ 5,300.00…