Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. scribbler ltd. reported the following information:

Scribbler Ltd. reported the following information: Salaries expense $87,000 Cost of goods sold 494,000 Income...

60.1K

Verified Solution

Question

Accounting

image

Scribbler Ltd. reported the following information: Salaries expense $87,000 Cost of goods sold 494,000 Income tax expense 46,200 Interest expense 4,200 Other income 12,000 Sales 990,000 Utilities expense 18,000 Rent expense 50,400 Depreciation expense 42,000 Answer the following questions based on the above information. When entering your answer use the following number format: ##,### (do not use $ or decimals) A What is What is the gross profit ($)? the income from operations ($)? A What is the net income ($)? A

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

A pendulum consists of a stone with mass m swinging on a string of length L...

Psychology
1.2K views

“Define ‘falsifiability.’ Using examples of fields of study from each, describe how Popper uses falsifiability to...

Physics
1.2K views

10 To get maximum current through a resistance of 2 5 02 one can use...

Basic Math
1.2K views

Solve 4ax + 5ax = 6ax +9 for x. Assume a ? 0.A. x =...

Algebra
1.2K views

Player R has a 1 bill a 10 bill and a 50 bill Player C...

Algebra
1.2K views

For the linear function f x mx b f 2 19 and f 4 23...

Accounting
1.2K views

A new truck costing $50,000 with a residual value of $4,000 has an estimated useful...

Accounting
1.2K views

Mantle Company Worksheet For the Year Ended December 31, 2014 Adjusted...

Accounting
1.2K views

Why is adherence to ATO reporting deadlines important? 120150 words Please Follow Instructions And Do...

Accounting
1.2K views

* Your answer is incorrect. Try again. Iggy Company is considering three capital expenditure projects....

Accounting
1.2K views

VI PART 3: BANK RECONCILATION STATEMENT (25 Points) Prepare a bank reconciliation statement and journal...

Accounting
1.2K views

Annapolis Company purchased a $3,000, 7%, 7-year bond at 99 and held it to maturity....