The company reports the following income statement results: Gross profit $500,000 Interest expense 15,000 Sales discounts 8,000 Net Sales Operating expense Effective tax rate $ 990,000 365,000 18% Calculate Sales. Calculate Income before Income tax (IBT). Calculate net income.

Financial Information for the Diaz Corp. is presented below: Operating expenses-45000 sales returns and allowances-4000 Allowance for doubtful accounts-300 sales discounts-7000 purchase allowances-14000 sales revenue-150000 cost of goods sold-96000 What amount of net sales should be reported on the company's income statement?

Financial information is presented below: Operating Expenses $ 44,000 Sales Returns and Allowances 13,000 Sales Discounts 6,000 Sales 170,000 Cost of Goods Sold 77,000. Gross profit would be?

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NYFG, Inc.I has sales including sales taxes for the month of $742,000. If the sales tax rate is 6%, how much does NYFG owe for sales tax? Select one: O a. $48,000 O b. $42,000 c. $38,260 d. $45,420 e. $44,520

If Swifty Corporation has net sales of $515000 and cost of goods sold of $365000, Swifty gross profit rate is 71%. 41%. 100%. 29%.

A company reports the following sales-related information. $ 220,000 Sales returns and allowances 4,400 Sales salaries expense Prepare the net sales portion only of this company's multiple-step income statement. Sales, gross Sales discounts Net sales Multiple-Step Income Statement (Partial) $ 15,000 10,400

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The following is the income statement belongs to Shining Star LLC for the year 31 December 2019: Shining Star LLC Income Statement for the year ending 31 December 2019 Net Sales OMR 25000 Cost of Goods Sold 7000 Gross Profit 18000 Operating Expenses 8000 Operating 10000 Income Other Income: Interest Income 4000 Net Income OMR 14000 If the company must pay an income tax expense on its profit and the tax rate is 30%, determine the Net income after-tax Select one: O a. OMR 10000 O b. OMR 9800 C. OMR 18200 O d. OMR 4200

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