Reading Readiness, Inc. has provided you its list of accounts and balances as of January 31. The Controller has asked you to prepare an Income Statement for the month ended January 31. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

Reading Readiness, Inc. Has Provided You Its List Of Accounts And Balances As Of January 31. The Controller
Reading Readiness, Inc. Has Provided You Its List Of Accounts And Balances As Of January 31. The Controller
Reading Readiness, Inc. Has Provided You Its List Of Accounts And Balances As Of January 31. The Controller

Answers

Answer 1

The preparation of Reading Readiness, Inc.'s multi-step Income Statement for the month ended January 31 is as follows:

Reading Readiness, Inc.

Income Statement

For the month ended January 31

Sales Revenue              $175,500

Less:

Sales Returns                      4,700

Sales Discounts                  6,000

Net Sales                     $164,800

Cost of Goods Sold         67,700

Gross profit                    $97,100

Expenses:

Salaries and Wages     $25,900

Depreciation Expense    13,800

Rent Expense                24,000

Operating expenses   $63,700

Operating income     $33,400

Interest Expense              1,600

Income before tax     $31,800

Income tax expense       7,700

Net income                 $24,100

Data and Calculation:

Gross profit percentage = 59% ($97,100/$164,800 x 100)

Thus, the net income after deducting the income tax expense is $24,100.

Learn more: https://brainly.com/question/24257787


Related Questions

Which choice is the correct graph of [x1 < 5?
A 4
B
C
D
E
-
F
5
A. Graph A
O B. Graph B
C. Graph
ОО ОООО
O D. Graph D
O E. Graph E
OF. Graph F

Answers

Answer:

B

Step-by-step explanation:

Da"B"a"B"y

2 B so

"B" graph "B"

↑that explains it

A recent poll in your state shows that 25% of the vehicles are SUV’s and 10% are trucks. The pill counted 5 million SUV’s. How many of the vehicles did they look at in total?

Answers

Answer:

20 million vehicles in total

Step-by-step explanation:

25%=1/4

5 million vehicles = 25%

100%/25%=4

5 million * 4 = 20 million vehicles in total

Directions: Find the value of x.​

Answers

I think it would be 12.207… use the Pythagorean theorem (a^2+b^2=c^2) so 10^2+7^2
100+49=149
Then take square root of 149 to undo the the squaring of c and it should be around 12.207 :)

Answer:

approximately 7 cm

Step-by-step explanation:

I’m not absolutely sure so double check

whats 3/4+1/8 i dont know how to add them help im not cheating i promise i just need it to answer the question that i have and i couldn't ask it because it has a picture and i dont know how to take a picture on it because im on my personal chromebook

Answers

Answer:

7/8

Step-by-step explanation:

You multiply 3/4 by 2 to get a common denomerater, then you get 6/8, after you add 1/8 + 6/8 and get 7/8

BAKERY Rolls are being prepared to go to grocery stores, Divide 72 rolls
into 2 groups so the ratio is 3 to 5,

Answers

Answer:

36

Step-by-step explanation:

72 divided by 2 = 36

I need step by step solution..
the general solution of cosx-sin3x=cos2x is..??​

Answers

Answer:

I am doiiinnnnnnnnngggggg

.Factor 20x2 + 68x - 160

Answers

Answer:

4(5x-8) (x+5)

Step-by-step explanation:

4(5x^2+17x-40)

4(5x-8) (x+5)

tina bought some clothes from a high end store that cost 6,719. her friend Betty bought the same quantity of clothes from a low end store that cost 1,282 how much money did Betty saved by buying at the low end store?what is betty total savings when rounded to the nearest thousands?​

Answers

Answer:

5437

Step-by-step explanation:

Subtract the original amount 6,719 and 1282

you get 5,437

Hope this helps!

Have a nice day! :D

Mark brainliest if possible pls :)

Find the product of 44.6 and 2.34.

Answers

Answer:

104.364

Step-by-step explanation:

Product means multiplication so:

44.6×2.34 = 104.364

Which of the following functions has a maximum value of m, where m is a positive constant?
With explanation please.

Answers

The value of m in the fourth equation does not tend to zero, hence the function that has a maximum value of m, where m is a positive constant is[tex]f(x)=-(m+x)^2[/tex]: Option D is correct.  

For any function to have a maximum, the differential of the function must be equal to zero.

If the functions in options A and B and C are differentiated and equated to zero, the values of m in each function will tend to zero as well.

For the function [tex]f(x)=-(m+x)^2[/tex]

[tex]f'(x) = -2(m+x)\times 1\\f'(x)=-2(m+x)\\0 = m+x\\m = -x[/tex]

Since the value of m in the fourth equation does not tend to zero, hence the  function that has a maximum value of m, where m is a positive constant is[tex]f(x)=-(m+x)^2[/tex]  

Learn more here: https://brainly.com/question/12185438

help me quick please --4x-7-3x+4=25

Answers

Answer:

x = 32

Step-by-step explanation:

4x - 7 - 3x + 4 =25

=> 4x - 3x = 25 + 7

=> x = 32 (Ans)

The other dude is correct give him branliest

To form the blue parallelogram, the red parallelogram is dilated using point A as the
center of dilation. Which statement is true?

Answers

Answer:

option b

Step-by-step explanation:

have a great day

pls mark as brainliest

Answer:

B

Step-by-step explanation:

A truck can be rented from Company A for ​$80 a day plus ​$0.40 per mile. Company B charges ​$40 a day plus ​$0.50 per mile to rent the same truck. Find the number of miles in a day at which the rental costs for Company A and Company B are the same. At nothing ​miles, the rental costs are the same from either company

Answers

Answer: 400 miles

Solving Steps:
0.4x + 80 = 0.5x + 40
-0.1x + 80 = 40
-0.1x = -40
x = 400 miles

What is the equation of the line -3 x - 2 y= 30 in slope intercept form​

Answers

Answer:

[tex]y=-\frac{3}{2}x-15[/tex]

Step-by-step explanation:

The slope intercept form is y=mx+b, where m is the slope and b is the y intercept.

So, all we have to do is make y the subject.

[tex]-3x-2y=30\\-2y=3x+30\\y=\frac{3x+30}{-2} \\y=-\frac{3}{2}x-15\\\\[/tex]

Answer:

y = (3/2)x - 15

Step-by-step explanation:

For it to be in slope intercept form, y has to be the subject of the equation, so it's a simple matter of rearranging the equation.

Original:

-3x - 2y = 30

and we want y to be the subject, so we start moving terms:

-3x = 30 + 2y

-3x - 30 = 2y

now it's just a matter of dividing both sides by 2 to give y as the subject

(-3/2)x - 15 = y

y = (-3/2)x - 15

Dos rectas se cortan formando un ángulo de 135°. Si se sabe que la recta final tiene una pendiente igual a 4, podríamos indicar que las rectas son:

Paralelas


b.
Semirectas


c.
Secantes


d.
Perpendiculares

Answers

Las dos rectas que se cortan formando un ángulo de 135° son secantes. (Opción: C)

Las dos rectas en cuestión no pueden ser paralelas pues sus pendientes son distintas y, por consiguiente, se intersecan en algún lugar del plano.

Tampoco pueden ser semirrectas pues el enunciado indica que existen dos rectas y las rectas no tienen principio ni fin.

Mucho menos pueden ser perpendiculares, pues el ángulo es distinto a 90°.

En consecuencia, las dos rectas que se cortan formando un ángulo de 135° son secantes. (Opción: C)

Invitamos cordialmente a ver esta pregunta sobre rectas: https://brainly.com/question/21478732

IF YOU ARE REALLY GOOD A MATH THEN PLEASE ANSWER THIS !!!
Your help will be much appreciated because i am losing my sanity doing this math

Answers

c-9

to find the amount of parents in the room we'd have take away the amoutn if children in the room from the total amount of people

25-9

thus, your expression to represent the amount of parents would be

c-9

Hope this helped you- have a good day bro cya)

Plsssss help meeeee
The question and options are in the photo

Answers

Answer:

X = 4

Step-by-step explanation:

Isolate the variable by dividing each side by factors that don't contain the variable.

Answer:

-5 + 2x = 3

2x = 3 + 5

2x = 8

x = 8 / 2

x = 4

answer is A. x = 4

Step-by-step explanation:

brainliest plz

Find the slope of the line passing through the pair of points. (If an answer does not exist, enter DNE.)
(10, 0), (0, −6)

Answers

Answer:

0.6

Step-by-step explanation:

Lets plug these points in:

[tex]\frac{((-6)-0)}{(0-10)} =\frac{-6}{-10} =0.6[/tex]

Helpppppppppppppppppppppp!!!!!!! Plzzzzzzzzzzzzzzz

Answers

Step-by-step explanation:

The sum of the interior angles of a triangle is equal to 180° so we can write

[tex]y + 2y + 3y = 180° \Rightarrow 6y = 180°[/tex]

Solving for y, we get

[tex]y = 30°[/tex]

So the other two angles of the triangle are

[tex]2y = 2(30°) = 60°[/tex]

and

[tex]3y = 3(30°) =90°[/tex]

A normal conversation is about 10^7 times the threshold of hearing. Compute the intensity level (in decibels) for a normal conversation.

Answers

Answer:

70

Step-by-step explanation:

The sound of a normal conversation 3  is  times intense than the sound of a computer.

What is sound intensity?

It is the energy flow per unit area. It refers to the product of pressure and velocity of particles in a fluid medium, which is equivalent to the power received per unit area.

Let us say the sound intensity of the quietest noise a person can hear is 60 decibels. So the sound intensity of computer is 20 decibels.

Sound intensity of a normal conversation/ computer sound, will be:

[tex]SI=\frac{60}{20} =3[/tex]

Therefore, the sound of a normal conversation 3  is  times intense than the sound of a computer.

See more about sound intensity at brainly.com/question/17062836

Rationalise 10/√7-√2 ​

Answers

Solution:

[tex] \frac{10}{ \sqrt{7} - \sqrt{2} } \\ = \frac{10}{ \sqrt{7} - \sqrt{2} } \times \frac{ \sqrt{7} + \sqrt{2} }{ \sqrt{7} + \sqrt{2} } \\ = \frac{10( \sqrt{7} + \sqrt{2}) }{( \sqrt{7} - \sqrt{2} )( \sqrt{7} + \sqrt{2} )} \\ = \frac{10 \sqrt{7} + 10 \sqrt{2} }{( { \sqrt{7} )}^{2} - ( \sqrt{2} ) ^{2} } \\ = \frac{10( \sqrt{7} + \sqrt{2} )}{7 - 2} \\ = \frac{10( \sqrt{7} + \sqrt{2} ) }{5} \\ = 2( \sqrt{7} + \sqrt{2} ) \\ = 2 \sqrt{7} + 2 \sqrt{2} [/tex]

[tex]\frac{10}{\sqrt{7} } -\sqrt{2} =\frac{10\sqrt{7} -7\sqrt{2} }{7}[/tex]

( Decimal: [tex]2.36543...[/tex])

Steps:

1: Convert element to fraction.

[tex]\sqrt{2} =\frac{\sqrt{2}\sqrt{7} }{\sqrt{7} }[/tex]

[tex]=\frac{10}{\sqrt{7} } -\frac{\sqrt{2} \sqrt{7} }{\sqrt{7} }[/tex]

2: Since denominator are equal, combine the fractions.

[tex]\frac{a}{c}[/tex] ± [tex]\frac{b}{c} =\frac{a+b}{c}[/tex]

[tex]=\frac{10-\sqrt{2} \sqrt{7} }{\sqrt{7} }[/tex]

-----------------------

[tex]\sqrt{2} \sqrt{7} =\sqrt{14}[/tex]

[tex]=\frac{10-\sqrt{14} }{\sqrt{7} }[/tex]

Rationalize [tex]\frac{10-\sqrt{14} }{\sqrt{7} }[/tex] : [tex]\frac{10\sqrt{7} -7\sqrt{2} }{7}[/tex]

[tex]=\frac{10\sqrt{7}-7\sqrt{2} }7}[/tex]

Graph and find the area of the figure with vertices (−3, −2), (−2, 1), (1, 1), (0, −2).

Answers

Answer:

9 unit²

Step-by-step explanation:

The points are plotted and the figure is a parallelogram with base and height both of 3 units long.

The area is:

A = 3*3 = 9 unit²

PPPPLLLSSS HELP THIS IS WORTH SIXTY PERCENT OF MY GRADE. I DONT GET HOW SINCE IT ONLY TWO QUESTIONS BUT IT IS. PLEASE HELP
1. What is the value of the expression 15⋅6-2^2⋅8+4^3 is ______



2. What is the value of the expression 2^3+2^2⋅2+6-2^1⋅2^0-1 is ______

Answers

Answer:

122; 19

Step-by-step explanation:

#115 ⋅ 6 - 2² ⋅ 8 + 4³ =15 ⋅ 6 -  4 · 8 + 64 = 90 - 32 + 64 = 58 + 64 = 122#22³ + 2² ⋅ 2 + 6 - 2¹ ⋅ 2⁰ - 1 =8 + 4  · 2 + 6 - 2 · 1 - 1 = 8 + 8 + 6 - 2 - 1 = 22 - 2 - 1 = 20 - 1 =19


PLSSSS HELP ILL GIVE THE BRAINLIEST ANSWER!!!!!

Answers

Answer:

y = [tex]\frac{3}{4}[/tex] x

Step-by-step explanation:

[tex]\frac{rise}{run}[/tex] , rise over run, the graph is positive

I need the answer ASAP

Answers

Answer:

Step-by-step explanation:

49 i Think I dont know but your part A is correct

Answer:

49 For sure is your answer

What is the decimal equivalent of 9.7 X 10^5

Answers

Answer:

B)

Step-by-step explanation:

9.7×10⁵= 970000

Hope this helped you- have a good day bro cya)

The average distance from Earth to the Moon is approximately 384,400,000 kilometers.

What is the average distance, in kilometers, from Earth to the Moon written in scientific notation?

A 3.844 x 10^4 kilometers

B 3.844 x 10^5 kilometers

C 3.844 x 10^7 kilometers

D 3.844 x 10^8 kilometers

Answers

9514 1404 393

Answer:

  D.  3.844 × 10^8 kilometers

Step-by-step explanation:

To write the number in scientific notation, put a decimal point after the most significant digits and write the rest of the significant digits after that. Multiply the number by the power of 10 that tells how many digits are between the most significant digit and the decimal point.

Here, the number has 8 digits between the most-significant digit (3) and the decimal point. Any trailing zeros are assumed to be not significant when the number is written without a decimal point. So, the number is written ...

  3.844 × 10^8 km

Solve the equation for x. *x-3x+5 = 20 X + X =​

Answers

Answer:

5

Step-by-step explanation:

x = 5
sorry if im wrong :(

what number is in the Tenths place for 315.84

Answers

Answer:

The number in the tenths place is 8

Step-by-step explanation:

Answer:

8.

Step-by-step explanation:

The first number after the decimal represents the tenths place. 315.84 8 is right after the decimal so it's in the tenths place.

In which quadrant does the point (3 , 19) lie?

A.
Quadrant I

B.
Quadrant II

C.
Quadrant IV

D.
Quadrant III

Answers

Answer:

A.

Quadrant I

Step-by-step explanation:

Quadrant I= Both co=ordinates positive.

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