 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
How much is Non- operating income
The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, the end of the company’s fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,106; cost of goods sold, $1,240; selling expenses, $126; general and administrative expenses, $105; interest expense, $35; and gain on sale of investments, $45. Income tax expense has not yet been accrued. The income tax rate is 40%. Assume the company’s accountant prepared a multiple-step income statement.
What amount would appear in that statement for non-operating income? |
||||
Check out some similar questions!
Calculate the increase or decrease in net operating income if a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. Per unit Percent of Sales Selling price $90 100% Variable expenses $63 70% Contribution margin $27 30%
If I know that my sales are 180,000 and my operating assets are 300,000 and the Return on investment percent is 13% how do I find operating income
What is the formula to find the operating income on an income statement?
Goods Company produces and sells 22,000 units of a single product. Costs associated with this level are as follows: Direct materials: $15 Direct manufacturing labor: $45 Variable manufacturing overhead: $25 Fixed manufacturing overhead: $30 The products sells for $145 per unit. Good company...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
