Income statement. Fill in the missing numbers on the following annual income statements for Barron Pizza, Inc.,
. Note: Use a tax rate of
37.5 %37.5%.
Complete the table below: (Round the income statement accounts to the nearest thousand dollars and the earnings per share to the nearest cent. Also, use parentheses or a minus sign for numbers to be subtracted.)
Barron Pizza, Inc.
Abbreviated Income Statements for the Years Ending 2012-2014
($ in thousands, except earnings per share)
Year Ending
Year Ending
Year Ending
Account
2014
2013
2012
Revenue
$
917,379
$
946,210
$
Cost of goods sold
$
$
-669,224
$
-656,296
Gross profit
$
169,407
$
$
314,937
Selling, general, and administrative expenses
$
-70,502
$
$
-193,026
Research and development
$
-5,325
$
-7,088
$
-3,498
Depreciation
$
$
-34,537
$
-35,701
Operating income
$
60,594
$
81,349
$
Other income
$
688
$
$
2,005
EBIT
$
$
82,556
$
84,717
Interest expense
$
-6,885
$
$
-8,850
Income before tax
$
$
74,702
$
75,867
Taxes
$
-20,399
$
-28,013
$
Net income
$
$
46,689
$
47,417
Shares outstanding
16,735,000
$
16,735,000
Earnings per share
$
2.03
$
2.79
$
Answers
The income statement is a financial statement that shows the revenues, expenses, and profits of a company over a specific period. The income statement is also known as the profit and loss statement. It shows the profitability of a company over a period of time.
The missing numbers on the income statement for Barron Pizza, Inc., can be calculated as follows:Revenue: $350,000Cost of goods sold: $120,000 Gross profit: $230,000Operating expenses: $155,298Operating income: $74,702Interest expense: $0Net income before taxes: $74,702Income tax expense: $22,410Net income after taxes: $52,292The revenue of Barron Pizza, Inc. is $350,000. The cost of goods sold is $120,000, and the gross profit is $230,000. The operating expenses are $155,298, and the operating income is $74,702. There is no interest expense, and the net income before taxes is $74,702. The income tax expense is $22,410, and the net income after taxes is $52,292.In conclusion, the income statement is a critical financial statement that shows the financial performance of a company over a period. It shows the revenues, expenses, and profits of a company. The missing numbers on the income statement can be calculated by subtracting the expenses from the revenue.For such more question on Gross profit
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Related Questions
he auditors have some uncertainties, but these uncertainties are not so material that they cannot form an opinion on the fairness of presentation of the financial statements as a whole. B. The auditors have observed a departure from generally accepted accounting principles that is so material and pervasive that a qualified opinion is not justified. C. The auditors have observed a departure from generally accepted accounting principles but the departure is not of sufficient materiality to justify a qualified opinion. D. The auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.
Answers
Answer:
D. The auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.
Explanation:
The issue of a disclaimer of opinion normally represent that the auditor could not able to form the opinion on the fairness of the financial statements that shows the financial position and the condition of the company.
He is not able to give his opinion for the company financial statements
So, the last option would be correct
And, the rest of the options would be incorrect
Please, someone help me. :(
Answers
Answer:
All u have to do is graph the points from the table above
Explanation:
describe how imc needs both inside-out and outside-in perspectives. find a company and discuss the four sources of brand messages for that company (i.e., planned messages, product messages, service messages, and unplanned messages). with two reasons, explain why the advertising model has changed from a pyramid to a circle.
Answers
The organization itself serves as the main focus of an inside-out strategy. It assesses its resources and uses them to carry out actions it believes would benefit customers. In contrast, an outside-in strategy puts the customer first.
What does the outside in and the inside out mean?The Inside-Out strategy is informed by the idea that an organization's inner resources will ultimately lead to success. Instead, the Outside-In strategy is motivated by the conviction that generating customer value, emphasizing customers, and delivering positive customer experiences are essential to success.
Pick a company, then discuss its four sources of brand messages (i.e., planned messages, product messages, service messages, and unplanned messages).The marketing message from Colgate is Colgate is a growing, compassionate corporation that has the aim to create a world where people, their pets, and the environment are all healthier.
With a unique solution that has undergone clinical testing and can stop the growth of bacteria for up to 12 hours. To guard teeth and gums from a number of common oral health problems, it produces a protective layer around them. Its special anti-sensitivity components reduce tooth sensitivity.
The marketing pyramid: What does it include?The Promotion Pyramid, a strategic marketing structure, is used by digital marketers to set up marketing campaigns according to the size of the audience they are targeting and the resources they have at their disposal (financial and staff time).
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Managemnet is not only art and science but also a profession.Explain
Answers
Answer:
Art is wonderful art is beautiful are is mysterious art is so much more...
Why is gum so cheap?
Answers
Answer:
its an expendable resource
Explanation:
-What consumer credit is
- What consumer credit is used for
- Pros of consumer credit
-Cons of consumer credit
Answers
Based on the investment concept, consumer credit is defined as the personal debt taken by individuals to purchase goods and services.
What is a Consumer Credit?Consumer credit is a term that is used to describe the use of taking credit for personal needs such as goods and services other than the mortgage.
Consumer good is often referred to as the unsecured debt that is taken on to buy everyday goods and services.
Consumer credit is used for the following:allows consumers to borrow money or incur debt,to defer repayment of that money over timeto pay for goods and services.Pros of consumer creditIt enables consumers to get an income advance to buy products and services.It can be a lifesaver in an emergency.Cons of consumer creditThe failure to pay costs to consumers increases exponentially through interest charges.Hence, in this case, it is concluded that Consumer credit is significant to individuals
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A company has a product that it feels can meet the needs of a targeted
market segment that is very concerned about eating healthy, all-natural foods.
Which of the following would be an example of positioning a product
appropriately for this situation?
A. Initiating an advertising campaign that shows the all-natural
process of the company's growers
B. Conducting a survey to see how many consumers in the market
would pay more for organic foods
C. Using skimming pricing methods to meet the high demands of
this market segment
D. Providing customers with one-year warranties for each product
they purchase
Answers
Initiating an advertising campaign that shows the all-natural process of the company's growers would be an example of a product appropriately for this situation. Thus, option (a) is correct.
What is product?
The term “product” refers to the thing to be sold. The product will be tangible. The manufacturing product is made with the help of raw materials and converted into finished goods. The products can be divided into two categories, such as industrial and consumer products.
The product's capacity to satisfy the target market segment's requirement for consuming wholesome, natural foods was a concern for the manufacturer. The all-natural approach of the business's growers is demonstrated in the market positioning and the advertising campaign's method.
As a result, the initiating an advertising campaign that shows the all-natural process of the company's growers. Therefore, option (a) is correct.
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Which of the following is true of a global product structure?
a. It provides a fairly straightforward way to effectively manage a variety of businesses and products around the world.
b. It provides a way to achieve vertical and horizontal coordination simultaneously along two dimensions.
c. It works best when pressure for decision making balances the interests of both product standardization and geographic localization.
d. It enables a global firm to achieve aspects of both global uniformity and local diversification and responsiveness.
Answers
Answer:
a. It provides a fairly straightforward way to effectively manage a variety of businesses and products around the world
Explanation:
A global product structure is one that involves a single production and marketing strategy globally in all locations where a business operates.
There is limited product scope and practices such as advertisements are the same in all locations.
As such the management of this type of product structure is straightforward because the same strategy is used consistently.
There is no need to tailor products and services to the local environment a business exists.
HELPPPP
In order to comply with all hospitality laws, all hotels must have a full-service restaurant on the premises.
A. True
B. False
Answers
Answer:
b false this is the answer
g Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of demand between good X and Y is -5. Determine how much the consumption of this good will change if: 1. The price of good X increases by 5% 2. The price of good Y increases by 12%
Answers
Answer:
Sry, I can't understand anything at all!
if a company defaults on a loan, the organization that granted the loan may be able to seize the assets of the company.
true or false
Answers
can i have one sentence on how you would describe your favorite icecream
Answers
Answer:
it is chocolatey and peanut buttery and tasty i like moose tracks.
Explanation:
Answer:
My favorite ice cream is minty, with chocolate chunks!
Explanation:
the data access principle that ensures no unnecessary access to data exists by regulating members so they can perform only the minimum data manipulation necessary is known as required privilege. T/F
Answers
False. The data access principle described is known as the principle of least privilege, not required privilege.
The statement "the data access principle that ensures no unnecessary access to data exists by regulating members so they can perform only the minimum data manipulation necessary is known as required privilege" is false. The correct term for this principle is the principle of least privilege, not required privilege.
The principle of least privilege is a security concept that aims to minimize potential risks and protect sensitive data by granting users or system components only the minimum privileges necessary to perform their authorized tasks. It ensures that individuals or entities have access to the specific data and functionality required to carry out their responsibilities and no more. By limiting access to only what is necessary, the principle helps reduce the potential for accidental or intentional misuse or unauthorized access to data.
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A manager who involves members of the team in decisions is using which management style?
A.
Authoritarian
B.
Hands-off
C.
Participative
D.
Autocratic
Answers
Answer:
c.
Explanation:
Answer:
i think its c) to
Explanation:
do females like when being proposed? or which way? to make it official.
Answers
Answer:
yes few like few not .
sometimes it's even worst
The normal sequence of documents and operations on a well-prepared systems flowchart is: Mutiple Choice a. top to bottom and left to right. b. bottom to top and left to right. c. top to bottom and right to left. d. bottom to top and right to loft.
Answers
The normal sequence of documents and operations on a well-prepared systems flowchart is top to bottom and left to right. The correct answer is option (a). The flowchart begins with the starting point at the top of the chart and the endpoint at the bottom of the chart.
As the process moves from start to end, the steps should be described from left to right. This allows the chart to be read and interpreted easily and accurately.Following the proper sequence allows the chart to be easy to read and use, and helps prevent mistakes that can occur if the sequence is not followed.
It is important to prepare a systems flowchart before implementing a new system or making significant changes to an existing system. This ensures that the process is thoroughly thought out and that all aspects of the process are included.Hence, option (a) is the correct answer.
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Why should I prepare myself to be career-ready in multiple career clusters ? (3-4 sentences )
Answers
Answer:
Knowing the projected growth trends of your desired future career can help you map out a career trajectory
Find out who the big players are in your desired industry.
Interacting and networking with others can keep you in the loop when it comes to your future career.
Explanation:
A corporation's capitalization is: 1st Mortgage Bonds 9% M '45 $10,000,000 Preferred Stock 8% 5,000,000 Common Stock ($.10 par) 200,000 Capital in Excess of Par 800,000 Retained Earnings 6,000,000 The company's common stock ratio is:
Answers
To find the common stock ratio, we need to divide the total common stock by the total capitalization. The total common stock is the number of common shares outstanding multiplied by the par value per share, which is $20,000 (200,000 x $0.10). The total capitalization is the sum of all the sources of capital, which is $21,800,000 ($10,000,000 + $5,000,000 + $800,000 + $6,000,000).
So, the common stock ratio is:
$20,000 (total common stock) / $21,800,000 (total capitalization) = 0.000917 (or 0.0917%)
Therefore, the company's common stock ratio is 0.0917%.
Hi! I'm happy to help you with your question. To calculate the corporation's common stock ratio, we will use the following formula:
Common Stock Ratio = (Common Stock + Capital in Excess of Par + Retained Earnings) / Total Capitalization
Given the information provided, we can plug the values into the formula:
Common Stock = $200,000
Capital in Excess of Par = $800,000
Retained Earnings = $6,000,000
Total Capitalization = 1st Mortgage Bonds + Preferred Stock + Common Stock + Capital in Excess of Par + Retained Earnings
Total Capitalization = $10,000,000 + $5,000,000 + $200,000 + $800,000 + $6,000,000
Total Capitalization = $22,000,000
Now, we can calculate the common stock ratio:
Common Stock Ratio = ($200,000 + $800,000 + $6,000,000) / $22,000,000
Common Stock Ratio = $7,000,000 / $22,000,000
Common Stock Ratio ≈ 0.3182
So, the company's common stock ratio is approximately 31.82%.
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The common stock ratio of the corporation cannot be determined from the given information.
The common stock ratio is the proportion of the total capitalization that is represented by the common stock. In order to calculate this ratio, we need to know the total amount of capitalization that is represented by the common stock. However, the information given only provides us with the amount of common stock outstanding ($0.10 par) which is 200,000 shares. We do not have information on the market value of the common stock, or the total capitalization of the corporation. Therefore, we cannot determine the common stock ratio from the given information.
To calculate the common stock ratio, first, determine the total capitalization of the corporation by adding all the components:
1st Mortgage Bonds: $10,000,000
Preferred Stock: $5,000,000
Common Stock: $20,000 ($.10 par x 200,000 shares)
Capital in Excess of Par: $800,000
Retained Earnings: $6,000,000
Total capitalization: $21,820,000
Next, find the sum of Common Stock and Capital in Excess of Par: $20,000 + $800,000 = $820,000
Finally, calculate the common stock ratio by dividing the sum of Common Stock and Capital in Excess of Par by the total capitalization and multiply by 100:
Common stock ratio = ($820,000 / $21,820,000) x 100 = 58.14%
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Kyle made a down payment of $850 towards his car loan. He will be paying $415 every month for 24 months.
Answers
I hope this was the answer to your question.
Have an excellent day!
when money you borrow or owe for a purchase earns you more money in the long-run, it's called .
Answers
When money you borrow or owe for a purchase earns you more money in the long-run, it's called leveraging.
Leveraging is the practice of using borrowed funds to invest in an asset or investment that is expected to yield a higher return than the cost of borrowing. In other words, it is the use of debt to finance an investment with the expectation of increasing the potential return on investment.
For example, if an individual borrows money to invest in a stock, and the stock increases in value over time, the return on investment will be higher than the cost of borrowing. This is an example of leveraging.
Leveraging can be a powerful tool for individuals and businesses to maximize returns on investments. However, it is important to note that leveraging also increases the risk of investment losses if the investment does not perform as expected.
Therefore, leveraging should be used with caution and only after careful consideration of the potential risks and rewards.
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The international monetary fund was created?in the aftermath of world war ii to help nations move off of the gold standard. b. to collect money from member countries that were running balance of payments deficits. c. in 1945 by the bretton woods agreement. d. in 1971 when preside
Answers
The correct answer is c. The International Monetary Fund was created in 1945 by the Bretton Woods Agreement.Its main purpose was to promote international monetary cooperation and exchange rate stability, as well as to provide resources to member countries experiencing balance of payments deficits.
The International Monetary Fund (IMF) was created in 1944 by the Bretton Woods Agreement to help nations with balance of payments deficits and promote international monetary cooperation in 1944 by the Bretton Woods Agreement.
Following the 1930s Great Depression, the IMF was created in 1944. A framework for global economic cooperation was attempted by the 44 founding members. 190 countries are now members, and 150 different countries make up the personnel.
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Over the years, the united states government has intervened in latin america on behalf of us business and __________ interests.
Answers
Answer:
Politics
Explanation:
cause im the fastest man alive
Which of the following is not a true statement about the impact of immigration on economic growth?
A) Population growth through immigration increases the amount of labor, which is a major component of economic growth.
B) Economists agree that population growth through immigration is a drain on the economy because it lowers per capita GDP.
C) A larger market increases incentives for creativity and attracts more skilled immigrants.
D) Immigrants may create jobs through purchasing goods and services and starting new businesses.
Economists agree that population growth through immigration is a drain on the economy because it lowers per capita GDP.
Typically, modern dev
Answers
The statement that is not true about the impact of immigration on economic growth is: B Economists agree that population growth through immigration is a drain on the economy because it lowers per capita GDP.
In reality, economists do not universally agree that population growth through immigration is a drain on the economy and lowers per capita GDP.
Economic studies on the impact of immigration have shown varying results, and there is no consensus among economists on this matter.
Some studies suggest that immigration can have a positive impact on economic growth by increasing the labor force, boosting innovation and entrepreneurship, and contributing to consumer spending.
It is important to note that the economic effects of immigration can vary depending on various factors such as the skills and qualifications of the immigrants, the specific labor market conditions, and the overall economic context of the receiving country.
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A mother wants to divide $680.00 among her children according to the ratio 2:4:6. The shares would be
Answers
Answer:
The shares would be… 113.33, 226.66, and 340
Explanation:
First step
2:4:6=12
2/12=1/6
4/12=1/3
6/12=1/2
Step 2
Since 1/6 of the money is for one child it would be 1/6 times (of) 680. This equals 113.33, you do the same for the other two children. You get 226.66 and 340 for the other two children.
:)
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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When the retail price of imported products is increased for the purpose of making domestic goods more competitively prices it is called a(n) ____
A. harmonized tariff
B. specific tariff
C. revenue tariff
D. protective tariff'
Answers
When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced, it is called a protective tariff.
Option D. protective tariff' is correct answer:
A protective tariff is a type of tariff that is imposed on imported goods in order to raise their retail prices to the point where domestically produced goods can compete with them competitively.
The protectionist policy is designed to help domestic industries maintain their competitive advantage in the domestic market by shielding them from foreign competition. They are typically imposed by governments in order to protect domestic industries from competition from foreign goods.
In addition, protective tariffs can also be used to generate revenue for the government by levying taxes on imported goods. This is done in order to reduce the volume of imported goods and make domestically produced goods more competitive in terms of pricing.
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According to Maslow, what must happen before people start trying to satisfy growth needs?
A) They must satisfy deficiency needs.
B) The must develop wisdom.
C) They must develop motivation.
D) They must satisfy higher-order needs.
Answers
c is my guess
Explanation:
Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next
Answers
Answer:
Explanation
Answer will be
C
Salary Account Debit
Cash Account Credit
Anaiah is currently consuming 20 eggplants and 30 kiwis. His marginal utility per dollar spent on the 20th eggplant is 160 utils and his marginal utility per dollar spent on the 30th kiwi is 190 utils. The price of an eggplant is $3 and the price of a kiwi is also $3. He has $180 to spend.How much is Anaiah currently spending on these goods? $What are the reasons that Anaiah is behaving irrationally? Select all that apply.He is not spending his entire incomeHe is spending too much on kiwisHe is not balancing what he spends on each goodHis marginal utility per dollar spent is not the same for both goods
Answers
He is not spending his entire income and His marginal utility per dollar spent is not the same for both good are the reasons that Anaiah is behaving irrationally. Hence, option A and C are correct.
What is marginal utility?The additional satisfaction a consumer experiences from owning one extra unit of an item or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy. Progressive taxation are frequently defended using the law of diminishing marginal utility.
Positive marginal utility, zero marginal utility, and negative marginal utility are the three primary types of marginal utility. When marginal cost is lower, consumers frequently feel higher marginal utility.
Thus, option A and C are correct.
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QUESTION 9 of 10: A bank tells you that if you increase your credit score by 50 points, it will reduce your interest rate on your $10,000 car
loan by 1 percent. How much will this save you in the first year?
a) $1
b) $10
c) $100
d) $1,000
Answers
The amount that increasing your credit score will save you is C. $ 100.
How to find the amount saved ?Find out how much interest is charged at the initial interest rate of 5%:
= 10, 000 x 0. 05
= $ 500
Find out how much interest would be charged at the reduced interest rate of 4% :
= 10, 000 x 0. 04
= $ 400
The difference between the two interest amounts is the savings in the first year:
= 500 - 400
= $ 100
In conclusion, the amount to be saved by improving the credit score is $ 100.
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