Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose lightspeed industries has the following re

Suppose Lightspeed Industries has the following revenue and expenses for 2019: Revenues of $9,800,000 Cost...

60.1K

Verified Solution

Question

Accounting

Suppose Lightspeed Industries has the following revenue and expenses for 2019:

Revenues of $9,800,000 Cost of Goods Sold of $1,960,000 Depreciation Expenses of $800,000 Income Taxes of $2,196,000 Interest Expenses of $170,000 Other Expenses of $400,000 Sales, General, & Administrative Expenses of $980,000

Create an income statement with amounts in thousands

What is the value of Net Income?

Please specify your answer in the same units as the income statement.

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

Electrical Engineering
1.2K views

Design a microcomputer system using a uP 8086 10 Mhz. This system must have a Coprocessor...

Basic Math
1.2K views

Question 1 Seven baseballs are randomly selected from the production line to see if their stitching is...

Biology
1.2K views

QUESTION 1 The 2x PCR Master mix listed on p 56 57 has four main...

Basic Math
1.2K views

Section 2 Knowledge Understanding Directions For each of the questions in this section show all...

Basic Math
1.2K views

Find parametric equat Slope 5 passing through 10 20 x t y t Need Help...

Basic Math
1.2K views

15x Choose the figure that shows an angle of 4 Choose the correct answer below...

Algebra
1.2K views

f x 4x 27z 5 Zero 5 0 7 Zero 7 0 4 4 35z...

Accounting
1.2K views

Multiple Choice $77.76 $35.92. $42.00. $50.14. $52.20

Accounting
1.2K views

Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. is considering two...

Accounting
1.2K views

Brief Exercise A-13 Dempsey Railroad Co. is about to issue $298,000 of 10-year bonds paying...

Accounting
1.2K views

When accounting for the admission of a new partner under the bonus method, the original...

Finance
1.2K views

Noelle just learned that she is making more than co-workers who are doing the same...