Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. zigs industries had the following operating result

Zigs Industries had the following operating results for 2015: sales = $26798; cost of goods...

90.2K

Verified Solution

Question

Accounting

Zigs Industries had the following operating results for 2015: sales = $26798; cost of goods sold = $15633; depreciation expense = $4752; interest expense = $2306; dividends paid = $1571. At the beginning of the year, net fixed assets were $18097, current assets were $5415, and current liabilities were $3467. At the end of the year, net fixed assets were $20644, current assets were $7044, and current liabilities were $3266. The tax rate for 2015 was 33 percent. What is net income for 2015?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Ambrin Corp. expects to receive $5000 per year for 10 years and $6500 per year for...

Finance
Q

Would you be able to kinematically analyze the entire body during an overhead volleyball hit? Could...

Medical Sciences
Q

If the Ka of a monoprotic weak acid is 6.6×10−6, what is the pH of a...

Chemistry
Q

What cellular differences would you expect in cells found in the skeletal muscles compared to those...

Medical Sciences
Q

Many companies monitor their employees at work Companies use technology to do this Monitoring can...

Biology
Q

Solve the equation on the interval 0 2x 2 cosx v2 C2 sinh theo X

Geometry
Q

The boiling point of water was measured at different locations of varying barometric pressures. A...

Basic Math
Q

Receiving free items at the time of purchase is detrimental to the consumers Why O...

Algebra
Q

Use the ALEKS graphing calculator to find the x intercept s and vertex for the...

Algebra
Q

0 of 20 points The probability that the pointer lands in a red region is...

Algebra
Q

Elsa found nearly $10,000 cash inside the spare tire compartment of a used car she...

Accounting
Q

Identify the specific type of budget - Long-range - Annual - Achievement that would best...

Accounting