For the month ended January 31, 2024, Cameron Enterprises reported revenues of $52,000, expenses of $56,500, and dividends of $4,200. Cameron Enterprises experienced a net income or net loss of what amount?
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Cameron Enterprises experienced a net income or net loss of what amount?
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- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.For its fiscal year ending October 31, 2022, Swifty Corporation reports the following partial data. Income before income taxes Income tax expense (34% x $398,000) Income from continuing operations Loss on discontinued operations Net income $530,000 (a) 135,320 394,680 132,000 $262,680 The loss on discontinued operations was comprised of a $60,000 loss from operations and a $72,000 loss from disposal. The income tax rate is 34% on all items. Prepare a correct partial income statement, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) SWIFTY CORPORATION Partial Income Statement SA +AFor its fiscal year ending October 31, 2022, Pina Colada Corp. reports the following partial data shown below. Income before income taxes Income tax expense (20% x $382,200) Income from continuing operations Loss on discontinued operations Net income $491,400 76,440 414,960 109,200 $305,760 The loss on discontinued operations was comprised of a $45,500 loss from operations and a $63,700 loss from disposal. The income tax rate is 20% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes. PINA COLADA CORP. Partial Statement of Comprehensive Income V V V >
- Allen Company's 2022 income statement reported total revenues, $890,000 and total expenses (including $44, 000 depreciation) of $760,000. The company's accounting records showed the following: accounts receivable - beginning balance, $54,000 and ending balance, $43, 600; accounts payable - beginning balance, $26,000 and ending balance, $31,600. Therefore, based only on this information, how much was the 2022 net cash provided by operating activities? Multiple Choice $190,000. $ 178,800. $125, 200. $169, 200Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%For its fiscal year ending October 31, 2022, Sarasota Corp. reports the following partial data shown below. Income before income taxes $507,600 Income tax expense (20% × $394,800) 78,960 Income from continuing operations 428,640 Loss on discontinued operations 112,800 Net income $315,840 The loss on discontinued operations was comprised of a $47,000 loss from operations and a $65,800 loss from disposal. The income tax rate is 20% on all items. Prepare a correct statement of comprehensive income, beginning with income before income taxes.
- Allen Company's 2019 income statement reported total revenues, $860,000 and total expenses (including $41,000 depreciation) of $730,000. The company's accounting records showed the following: accounts receivable-beginning balance, $51,000 and ending balance, $40,900; accounts payable -beginning balance, $23,000 and ending balance, $28,900. Therefore, based only on this information, how much was the 2019 net cash provided by operating activities? Multiple Choice $125,800. $175,200. $187,000. $166,800.During 2021, XYZ Inc. earned revenues of $95,000, had expenses of $73,000, purchased assets with a cost of $12,500, and paid dividends of $5,000. What was the net income for the year?Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%
- Jones Corp. had a total asset turnover of 4.0 in 2019 and had sales of $10.0 million. If the corresponding statement of financial position or balance sheet reported shareholders’ equity of $1.4 million, what were the total liabilities for Jones Corp.?s) At the end of 2021, Trump Co. reported net sales revenue of $16,837,000, cost of good sold of $7,577,000, salaries expense of $1,136,600, depreciation of $1,894,300, dividends declared of $336,700, utilities expense of $454,600, interest expense of $227,300, rent revenue of $757,600, and marketing expense of $833,500. What should Trump Co. report as net income in 2021? (AC 15) (5 O $5,134,600 O $16,837,000 $5,471,300 O $5,808,000For the month ended January 31, 2024, Cameron Enterprises reported revenues of $52,000, expenses of $56,500, and dividends of $4,200. Cameron Enterprises experienced a net income or net loss of what amount?