## Question

###### Make an income statement using the numbers on the right with excel functions

Make an income statement using the numbers on the right with excel functions

## Answers

Answer

- Income Statement is provided below

Sales & Expenses

Percent of salesSales Revenue [280000 x 12]

$3,360,000

100.00%

Cost of Goods Sold [180000 + 505000 +110000]

$795,000

23.66%

Gross Profits

$2,565,000

76.34%Less:

Selling expenses

$437,000

13.01%

Administrative expenses

$854,000

25.42%

Operating Income

$1,274,000

37.92%

#### Similar Solved Questions

2 answers

##### What is the probability that the random variable has a value between 0.1 and 0.5

What is the probability that the random variable has a value between 0.1 and 0.5? The random variable is .125....

2 answers

##### Write the equation of the line which has y-intercept (0,5) and is perpendicular to the line with equation y=-3x +1 a) y=-3x + 5 b) y= 1/3x + 5 c) y= 3x + 5 d) y= -1/3x + 5 The slope of the 2nd equation is -3

write the equation of the line which has y-intercept (0,5) and is perpendicular to the line with equation y=-3x +1 a) y=-3x + 5 b) y= 1/3x + 5 c) y= 3x + 5 d) y= -1/3x + 5 The slope of the 2nd equation is -3...because the equation of a line is y=mx+b, where "m" is the slope and b is the y-in...

1 answers

##### 1. Calculate charge to mass using Voltage=0.05V, 1T, 10^-25kg velocity = 5 x 10^6 m/s 0.9x...

1. Calculate charge to mass using Voltage=0.05V, 1T, 10^-25kg velocity = 5 x 10^6 m/s 0.9x 10^-16 C 2. For a thing circulr coil with magnetic field mapping with permanent and electromagnets, we will be determining the magnetic constant using 2 different methods based on the same formula. Aside from...

1 answers

##### Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the...

Required 1 Required 2 Required 3 Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106): Prepaid Insurance (108), Office Equipment (163). Drafting Equipment (164); Building (170); Land (172)Accounts Payable (201); Notes Payable ...

1 answers

##### 37. [./4 Points) DETAILS SERCP10 19.P.050. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHE Two long parallel...

37. [./4 Points) DETAILS SERCP10 19.P.050. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHE Two long parallel wires carry currents of -2.66 A and I-525 A in the direction indicated in the figure below. Choose the fine running from wire 1 to win 7 as the positive rate and the line running upward from wire 1...

1 answers

##### On January 1, 2020, Ivanhoe Company issued $397,000, 5%, 5-year bonds at face value. Interest is...

On January 1, 2020, Ivanhoe Company issued $397,000, 5%, 5-year bonds at face value. Interest is payable annually on January 1. a. Prepare the journal entry to record the issuance of the bonds. b. Prepare the journal entry to record the accrual of interest on December 31, 2020....

1 answers

##### A particle is located at the vector position = (2.00î + 4.00ĵ) m and a force...

A particle is located at the vector position = (2.00î + 4.00ĵ) m and a force exerted on it is given by = (4.00î + 3.00ĵ) N. a) What is the torque acting on the particle about the origin? r = _____________ N * m...

1 answers

##### Please answer D Question 12 2.6 pts Consider the market for baseball bats below (and assume...

Please answer D Question 12 2.6 pts Consider the market for baseball bats below (and assume it can be analyzed in our typical supply/demand framework) SPrice (P) Quantity (a) If the price of ash (the kind of wood used to make baseball bats) increases, the market equilibrium price of bats will increa...

1 answers

##### Kimmel, Financial Accounting, 8e Help System Announcements Exercise 7-12 Ex Your answer is incorrect. Try again....

Kimmel, Financial Accounting, 8e Help System Announcements Exercise 7-12 Ex Your answer is incorrect. Try again. A new accountant at Teal Mountain Inc. is trying to identify which of the amounts shown below should be reported as the current asset Cash and cash equivalents in the year-end be 2017. 1....

1 answers

##### 3. A solid, ideally conduct s. A solid, tealy oonduscting metal sphene with a radius of...

3. A solid, ideally conduct s. A solid, tealy oonduscting metal sphene with a radius of 100 em carries a net charge of -50 o s the electric neld (magnitiunde a direction) and electric poteatisal at a location 20.0 cm aw ay from the center of the sphere? B. 5.54 10 N/C 7.7110 NIC D) 1.12 1o' N/C ...

1 answers

##### Fill in the table Complete the following table. (Use 365 days in a year. Round the...

fill in the table Complete the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) CGS Inventory Turnover Ratio Days to Sell Case a $ Purchases 160 $ 785 2601 S 780 1,440 1,240 7.2...

1 answers

##### Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and...

Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and months) will it take for his investment to reach $25,000? years and months (Round the answer for months up to the nearest multiple of three.) How long (in years and months) will it take for an investment...

1 answers

##### Question 14 (2 points) In a R-L-C AC circuit, R= 142 Ohm, ZL= j 474 Ohm,...

Question 14 (2 points) In a R-L-C AC circuit, R= 142 Ohm, ZL= j 474 Ohm, ZC= -j 421 Ohm. Supply voltage is v= 421 sin( 142 t) volts. Calculate the MAGNITUDE of r.m.s value of the current. Your Answer: Answer units...

1 answers

##### Explain the definition of ionization energy, the observed group and period trends for this property, and...

Explain the definition of ionization energy, the observed group and period trends for this property, and (using effective nuclear charge) why the observed trends happen the way they happen. For each of the following molecules, draw a Lewis structure (all resonance structures if necessary), indicate ...

1 answers

##### I HAVE the answer (B) but i dont know how to get it, please explain. my professor wrote down a bunch of equations but i dont understand them, please explain in words as if i were stupid. i have atta...

I HAVE the answer (B) but i dont know how to get it, please explain. my professor wrote down a bunch of equations but i dont understand them, please explain in words as if i were stupid. i have attached the sheet of notes he wrote on this problem to make your life much easier, you dont really have t...