EBK BUSINESS ANALYTICS
EBK BUSINESS ANALYTICS
3rd Edition
ISBN: 9780135231906
Author: Evans
Publisher: VST
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Chapter 2, Problem 18PE

For the Bicycle Inventory database, use database functions to find the following:

  1. The total number of leisure bicycles on hand.
  2. The average purchase cost and selling price of road bicycles.

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In its income statement for the year ended December 31, 2025, Oriole Company reported the following condensed data. Salaries and wages expenses $511,500 Loss on disposal of plant assets $71,500 Cost of goods sold 1,059,850 Sales revenue 2,431,000 Interest expense 78,100 Income tax expense 33,000 Interest revenue 71,500 Sales discounts 176,000 Depreciation expense 341,000 Utilities expense 121,000 Prepare a multiple-step income statement. (List other revenues before other expenses.) Sales Sales Revenue Less Sales Discounts Net Sales Cost of Goods Sold Gross Profit Operating Expenses ORIOLE COMPANY Income Statement For the Year Ended December 31, 2025 2,431,000 176,000 2,255,000 1,059,850 1,195,150
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