Kamili Company reported the following income statement items for 20X1: Sales: $100,000 Net Income (after income tax): $17,000 Operating Income: $62,000 Gross Profit: $81,000 Additional data available to the management of Kamili Company indicate that Cost of Goods Sold included $4,560 in fixed costs (plus some amount of variable cost). In addition, Selling and Administrative Expense includes $13,300 in fixed costs (plus some amount of variable cost). Kamili's income tax rate is 40%. Assume that the sales amount were to grow to $119,000. Also assume that this sales increase can be accomplished with no increase in total assets and then no change in total financing. What is Net Income (after income tax) under the assumption of Sales Revenue of $119.000. Hint: In order to answer this question, you need to calculate what Interest Expense and Income Tax Expense are when sales are $100,000. If the Sales Revenue amount changes to $119,000, then Income Tax Expense will probably change (as income before income taxes changes), but interest expense will NOT change (because total financing remains the same). O $24,506.73 O $26,104.04 O $32,173.40 $43,506.73

What does RI measure?

duct

Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800