Prepare an income statement for the year ended December 31, 2009. (Assume that

37,120 results, page 8

  1. math

    In 2008 (Leap year) KIT Hospital had 150 licensed beds for adults and children from January 1st through June 30th. From July 1st through December 31, licensed beds increased to 175. During the first half of the year there were 23114 inpatient service days. During the second ...
  2. accounting 1

    help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. may 15, paid cash ...
  3. accounting 1

    help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. may 15, paid cash ...
  4. Math(Geometry)

    To Lauren - Ms. Sue, Monday, September 28, 2009 at 10:24pm What post? What is your question? In addition, your "name" can not be HELP ME NOW!!!! No one appreciates being screamed at to help you now! Using all caps online is like screaming at us. To Lauren - HELP ME NOW!!!!, ...
  5. business

    Using the financial statements for the Goodyear Calendar Company, calculate the 13 basic ratios found in the chapter. December 31, 2008 Assets Current assets: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40,000 Marketable ...
  6. ap stats

    Based on historical data, an Oregon university enrolls 17% graduates and 83% undergraduates. Of graduates, 21% are expected to be non-residents and 79% are residents. Of undergraduates, 24% are non-residents and 76% are residents. During the 2008-2009 academic year, assume ...
  7. Accounting

    what dificulties will a business face if it does not prepare a bank statement at regular intervals?
  8. accounting

    acc 230 prepare a statement of cash flows for Little Bit Inc.
  9. Algebra

    Two investments totaling $19,000 produce an annual income of $1560. One investment yields 9% a year, while the other yields 4% per year. How much is invested at each rate?
  10. financial accounting

    the long-term note payable bears an interest of 12% per year. the unadjusted interest expense account equals the amount paid for the first 11 months of the 2008 fiscal year.(3,300). The 300 accrued interest for april has not yet been paid or recorded.Note: that the company is ...
  11. College Math

    Brandywine Homecare, a not for hire business, had revenues of $12 million in 2011. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the yar and all expenses other than ...
  12. Math

    match the word with the definition: (A)Personal exemptions (B)Adjustments (C)Tax credits (D)Itemized deductions (1) The amount you may be able to deduct from your adjested gross income based on how you spent your money during the year. (2) A set amount subracted from your ...
  13. Accounting

    A piece of equipment is purchased on May 1, 2007 for $80,000 and has a residual value of $5,000. The equipment's useful life is 8 years or 12,500 hours. It is used 2,700 hours in 2007, and 2,600 in 2008. The question is what is the book value on December 31, 2009 if I use the ...
  14. economics

    Assume that the equation for demand for bread at a small bakery is Qd = 60 - 10Pb + 3Y, where Qd is the quantity of bread demanded in loaves, Pb is the price of bread in dollars per loaf, and Y is the average income in the town in thousands of dollars. Assume also that the ...
  15. accounting

    Group Project Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship. The $1,000 consisted of a $600 loan from his father and $400 of his own money. Doug rented ...
  16. home economics

    Becky really likes Macaroni Grill but can only afford to eat out 4 times a year. Her boss gives small raises, so this year she receives 4% raise. She decides that a 4% raise is enough to warrant going out 1 more trip per year to Marconi girl. Calculate for restaurants the ...
  17. Accounting

    Is unearned revenue included in the income statement? No, only the balance sheet.
  18. ACCOUNTING

    List sections of the income statement and give a brief explanation for each section
  19. math

    distribution of adjust gross income in individual federal income tax returns shows: Income: 30-74, 75-199, more than 200 Probability: 0.315, 0.180, 0.031 1. What is the probability that a randomly chosen return shows an adjusted gross income of $30,000 or more? 2. Given that a...
  20. Accounting

    1. A company acquired some land for $80,000 to construct a new office complex. Legal fees paid were $2,300, delinquent taxes assumed were $3,400 and $5,850 was paid to remove an old building. What is the cost basis for the land? a. $90,600 b. $91,550 c. $88,150 d. $87,200 2. ...
  21. English!

    Example of a proper citation for a trade magazine article is: A) Tcholakian, Garin “WestJet Vactions Get Personal” Strategy June 2009: 7. B) Tcholakian, Garin “WestJet Vactions Get Personal” Strategy June 2009: 7. A trade magazine article from ABI/INFORM GLOBAL written...
  22. financial accounting

    Connection Station, an internet café, had the following operating activities during the month of May: 1. Bought 800 in jump drives and disks, which are available for resale from Office Depot on credit 2. Paid 900 in utilities for the month of may 3. Paid 2000 rent for the ...
  23. Personal Finance Concepts

    I have a project with a group portion and an individual portion. My question is how on earth do I start this, determine the figures in question, etc?!?! Here are the details of the project: Your younger brother, Tom, just received information from his company on his benefits. ...
  24. quantitative methods

    21. The Seneca Children’s Fund (SFC) is a local charity that runs a summer camp for disadvantaged children. The fund’s board of directors has been working very hard over recent years to decrease the amount of overhead expenses; a major factor is how charities are rated by ...
  25. Introductory Accounting

    The question is Burlin company starts the year with $188,000 in assets and $37,600 in liabilities. Net income for the year is $47,000, and no dividends are paid. How much is owners' equity at the end of the year? So what I thought what i would have to do is add the 188,000 and...
  26. macroeconomics

    23. The next four questions refer to the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Units of Price Year output per unit 1 16 $2 2 20 3 3 30 4 4 36 5 5 40 6 (a) If year 2 is the base ...
  27. Accounting

    The income tax rate is 30% on current and is payable in the first quarter of 2014. The pretax income before the preceding adjusting entries is $6,800. The accounts are; Income tax expense Income tax payable. I do not understand this question and what it is asking for. Can you ...
  28. financial management

    Part I: Compute the worth of Arcadia Hospital in 2005 using rules of thumb, adjusted book value, and discounted cash flow valuation (for this final method, use the table provided). Assume the cash flow for 2005 is the same as 2006. 1) Rules of thumb: 2) Adjusted book value: 3...
  29. Advanced Algebra

    Amanda earned a gross income of $37,250 last year. She made $489.78 in IRA contributions, donated $782 to her favorite charity and paid $1,276.65 in home mortgage interest. If Amanda claims a standard deduction of $5,700 and her exemption is $3,650, what is her taxable income...
  30. calculating annuity

    IF a company will generate 80,000 in annual revenue each year for the next eight years and the interest rate is 8.2% what is the present value of the savings? An EXCEL spreadsheet will be helpful for these types of calculations. Let S1 be savings in year 1, S2 in year 2, and ...
  31. Business

    Sales of a product are influenced by the salesperson’s level of education and gender, as well as consumer income, ethnicity, and wealth. a. Formulate this statement as a multiple regression model (form only, without parameter estimation). b. Specify dummy variables. c. If ...
  32. economics

    i have some questions please help Transportation equipment that was purchased in 2004 for $200,000 must be replaced at the end of 2009. what is the estimated cost of the replacement, based on, the following equipment cost index: Year INDEX YEAR INDEX 2004 223 2007 257 2005 238...
  33. Acounting 202

    Dokken & Dietrich’s Donut Company pays for 25% of its inventory purchases in the month of the purchase and the remainder in the following month. The company’s inventory purchases totaled $840,000 in October, $920,000 in November, and $600,000 in December. The company also ...
  34. math help -- check answers

    A good estimation for planning on purposes is to figure on ________ of your gross income to be realized income. 65% *** 70% 80% If I was told that I would be making $40,000/year, would I need to multiply or divide by the percentage from the first question to find what the ...
  35. Everest

    Jamie is thinking about investing in some residential income producing property that she can purchase for $200,000. Jamie can either pay cash for the full amount of the property or put up %50,000 of her own money and borrow the remaining %150,000 at 8% interest. The property ...
  36. Math

    match the word with the definition: (A)Personal exemptions (B)Adjustments (C)Tax credits (D)Itemized deductions (1) The amount you may be able to deduct from your adjusted gross income based on how you spent your money during the year. (2) A set amount subracted from your ...
  37. Math

    On 12 february 2009,sally invested $2000 in a bank and received an amount or $2040 on 23 june 2009.calculate the simple interest rate offered by the bank
  38. accounting

    These questions are so confusing. So I was wondering what are each of the formulas to solve each question or what steps I need to take to complete them? I've been trying and I can't find the correct answer. ____ 11. The Dayton Corporation began the current year with a retained...
  39. Business

    Using the financial statements for the Goodyear Calendar Company, calculate the 13 basic ratios found in the chapter. GOODYEAR CALENDAR COMPANY Balance Sheet December 31, 2008 Assets Current assets: Cash...
  40. accounting

    P20-2A For the year ended December 31, 2010, the job cost sheets of DeVoe Company contained the following data. Job Number Explanation Direct Materials Direct Labor Manufacturing Overhead Total Costs 7640 Balance 1/1 $25,000 $24,000 $28,800 $77,800 Current year's costs 30,000 ...
  41. math

    Jamie Thompson is thinking about investing in some residential income-producing property that she can purchase for $200,000. Jamie can either pay cash for the full amount of the property or put up $50,000 of her own money and borrow the remaining $150,000 at 8% interest. The ...
  42. Finance

    2. Jamie Thompson is thinking about investing in some residential income-producing property that she can purchase for $200,000. Jamie can either pay cash for the full amount of the property or put up $50,000 of her own money and borrow the remaining $150,000 at 8% interest. ...
  43. accounting

    On March 3, a customer gives you $1800 cash for services not yet performed. At the end of the month, only $600 of services are performed. In preparing the March statement, all $1800 was listed as revenue. What errors would this cause? What principles are involved? What is the ...
  44. Physics

    (a) In 2009, Usain Bolt ran the last 100 meters of the 150-meter race in 8.70 seconds. What is Usain Bolt’s speed? (b) The world record for the 100-meter dash is 9.58 seconds (Bolt, 2009). Use the speed from part (a) as his maximum velocity. Assume a sprinter accelerates at ...
  45. accounting

    utilities in the catergorie owner equity i think. if not is it income statement or balance sheet.
  46. Accounting

    Use the following information to answer questions 5-7. Blue Bird Bus Company is suffering declining sales of its principal product, school buses. The bank has threatened to call due a note if the company’s net income declines next year. The president, Joe Blow, talks to his ...
  47. Fiance

    Use your knowledge of income statements to fill in the missing items: Sales Cost of goods sold $575,000 Gross profit $1,600,000 General and administrative expense $200,000 Selling and marketing expense $ Depreciation $50,000 Operating income $ Interest $100,000 Income before ...
  48. Finance

    P5. Use your knowledge of income statements to fill in the missing items: SALES - $------ COST OF GOODS SOLD - $575,000 GROSS PROFIT - $1,600,000 GENERAL AND ADMINISTRATIVE EXPENSE - $200,000 SELLING AND MARKETING EXPENSE - $------ DEPRECIATION - $50,000 OPERATING INCOME...
  49. Accounting

    Your client Anjelica Seeds wants to purchase a Burg-N-Fry franchise. The buy-in is $500,000. Burg-N-Fry headquarters tells Anjelica that typical annual operating costs are $160,000 (all cash) and that she can bring in “as much as” $260,000 in cash revenues per year. Burg-N...
  50. Accounting

    #9 Unrecorded Liability: Adjusting Entry Refer to PE 4-8. (1) Make the adjusting entry necessary on the company’s books with respect to this loan on December 31. (2) Make the journal entry necessary on the company’s books on the following April 30 to record payment of ...
  51. Accounting

    Accounting 1 Help! 1. An accountant records a transaction when cash is paid or received under which basis of accounting? cash deferred accrual liability 2. When unearned revenue is initially recorded as a revenue, the adjusting entry would include a credit to a liability. ...
  52. geometry

    Lara wrote the statements shown in the chart. Statement One: If two lines intersect, then they intersect at exactly one point Statement Two: In a right triangle, the square of the length of the hypotenuse is equal to the sum of the squares of the length of the legs. Which ...
  53. math

    Lara wrote the statements shown in the chart. Statement One: If two lines intersect, then they intersect at exactly one point Statement Two: In a right triangle, the square of the length of the hypotenuse is equal to the sum of the squares of the length of the legs. Which ...
  54. photo

    And you call me a geek? Shuh. I'm tnnkhiig you're Supergeek.Reply by on August 27th, 2009 at Thursday, August 27, 2009 @ 1:06 pm@Coal Miner's Granddaughter, you own a stormtrooper costume!
  55. Accounting Math

    Can anyone please show me the calculation for these problems: Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net Income for the year is $25,000, and no dividends are paid. How much is owner’s equity at the end of the year? Chapman Inc. ...
  56. Math

    Which would amount to more money on December 31 of this year: $500 invested on January 1st of this year at 10% annual interest compounded quarterly; or a lump sum payment of $580? (a) the $500 investment (b) both are the same (c) the $580 lump sum (d) there is not enough ...
  57. finance

    a financial mgr is considering operating a lock box. she forecast that 400 payments a day will be made to the lockbox with the average payment being $2,000. the banks charge for operating the lockbox is .40 cents per check. the interest rate is .025 per day. a. if the lock box...
  58. bookkeeping

    bought 1053 brackets for .46 each bought 945 bushings at .35 each bought 1130 washers at .001each what amount should be entered in the accounts payable column of the purchase invoice register my answer is 518.59 january 1st $100,000 note due in 9months at 9%interest rate march...
  59. accounting

    1. A pressurized spray painter was purchased on April 1 of the fiscal year for $4,800. It has a useful life of 4 years and a residual value of $300. Determine depreciation expense for the first two years, assuming a fiscal year end of December 31 and using (a) the straight-...
  60. microeconomics: work-leisure model

    Consider the work-leisure model. Assume leisure is a normal good and suppose the wage rate(W) increases, then in this case we will have the following. Substitution effect: W increases => hours of leisure decrease Income effect has TWO components: 1. Ordinary income effect: ...
  61. percentage

    Madhu's income is RS 12000 per month . She pays 20% tax on monthly income above Rs 2000 and she spends 30% of the remaining income. How much does she save annually 
  62. investing

    . Jamie Thompson is thinking about investing in some residential income-producing property that she can purchase for $200,000. Jamie can either pay cash for the full amount of the property or put up $50,000 of her own money and borrow the remaining $150,000 at 8% interest. The...
  63. accounting

    In addition, assume that Anheuser-Busch InBev sold 200 million barrels of beer during the year. Assume that variable costs were 75% of the cost of goods sold and 40% of selling, general and administration expenses. Assume that the remaining costs are fixed. For the following ...
  64. Accounting

    Attached is the actual Financial Statements, Cash Flow, and Taxes associated with the assignment questions below. 2007 & 2008 statements below. We are working on a comprehensive/spreadsheet problem (financial statements, cash flow and taxes). A balance sheet for a company ...
  65. investment

    Mr. Centeno invested P50,000, part of which at 5%per year and the rest at 6% per year. His annual income from the 2 investments was P2,000. How much did he investat each rate?
  66. ACCOUNTING

    Mary and Jack Gray, local golf stars, opened the Chip-Shot Driving Range on March 1, 2008, by investing $25,000 of their cash savings in the business. A caddy shack was constructed for cash at a cost of $8,000, and $800 was spent on golf balls and golf clubs. The Grays leased ...
  67. finance

    3.The Lo Company earned $2.60 per share and paid a dividend of $1.30 per share in the year that just ended. Earning and dividend per share are expected to grow at a rate of 5% per year in the future. Determine the value of the stock:
  68. Cost accounting

    (High-low method) Information about SnoCos’ utility cost for the last six months of 2008 follows. The high-low method will be used to develop a cost formula to predict 2009 utility charges, and the number of machine hours has been found to be an appropriate cost driver. Data...
  69. math

    utilities expense in the catergorie income statement. i think. if not is it owner equity or balance sheet.
  70. FINANCIAL MANAGEMENT FOR HUMAN SERVICE MANAGERS

    XYZ NON PROFIT CORPORATION INCOME STATEMENT
  71. Income Tax

    most people get a refund because they paid too much GST. would this statement be false?
  72. aCCOUTNING

    explain how improperly counting ending inventory affects the income statement and the balance sheet
  73. Business

    I really need help learning how to understand & fill out an income statement packet, ASAP!
  74. Accounting

    At December 31, 2007, before any year-end adjustments, Bollis Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be?? plz help urgent
  75. Financial Accounting

    Brenda starts a merchanding business on December 1 and enters into three invfentory purchases: December 7 10 units @&6 cost December 14 20 units @12 cost December 21 15 units @ 14 cost Brenda sells 15 units for 25.00 each on Dec 15. Eight of the sold units are from dec 7 ...
  76. Statistics

    2. In 2009 a random sample of 70 unemployed people in Alabama showed an average weekly benefit of $199.65. In Mississippi, for a random sample of 65 the number was $187.93. Assume population standard deviations of $32.48 and $26.15 respectively. a. Using the 5% level of ...
  77. English

    Is this the correct citing for APA Reference? (n.d.). Durga Puja.The Statesman. Retrieved December 13, 2011. from (n.d.). Durga Puja.The Telegraph. Retrieved December 13, 2011 from Ganguly's, T. (n.d.). Durga Puja. [web site]. Retrieve December 13,2011
  78. Math

    in a recent year, a single person could expect to pay $4550 in income taxes on an adjusted gross income of $35,000. how much more tax should the person expect to pay if her adjusted gross income increased by $4000, knowing that this would not move her into the higher tax ...
  79. stats

    AARP reported on a study conducted to learn howlong it takes individuals to prepare their federal income tax return (AARP Bulletin, April 2008). The data contained in the file named TaxReturn are consistent with the study results. These data provide the time in hours required ...
  80. Math-Statistics

    Assume your expected lifetime income is $1.5 million and the standard deviation is $250,000. a) What is the chance that you will earn more than $1.1 million during your lifetime? b) What is the chance that you will earn less than $2 million during your lifetime? c) What is the...
  81. Mathstuufffhelpp

    A new law requires a 5% of an individual's income be invested in the stock market. your account shows that you need to put $815 in the stock market this year. how much did you earn this year
  82. MATH HELP PLEASE!!

    1. Mandy kept track of the trade-in value of a collector’s coin for several months through February of this year. She determined the line of best fit for the data was y = 4x + 12, where y is the trade-in value, in dollars, x months after February of this year. According to ...
  83. Finance

    P4.3 Assuming you purchased a share of stock for $50 one year ago, sold it today for $60, and during the year received 3 dividend payments totaling $2.70, calculate the following. a. Income b. Capital gain (or loss) c. Total return (1) In dollars (2) As a percentage of the ...
  84. Webster University

    Your company is considering buying a company that is forecasted to have earnings as shown below. Assuming these estimates to be perfectly accurate, what is the present value of this stream of earnings? Assume an interest rate of 5.5% Year 1 $50,000 Year 2 $60,000 Year 3 $70,...
  85. Accounting

    Horse Country Living publishes a monthly magazine for which a 12-month subscription costs $30. All subscriptions require payment of the full $30 in advance. On August 1, 2008, the balance in the Subscriptions Received in Advance account was $40,500. During the month of August...
  86. Finance

    Your company, Martin Industries, Inc., has experienced a higher than expected demand for its new product line. The company plans to expand its operation by 25% by spending $5,000,000 for an additional building. The firm would like to maintain its 40% debt to total asset ratio ...
  87. Consumer Math

    1. Ken bought a car last year to drive back and forth to work. Last year he spent $1,098 on gas. This year, it was $1,562. What is the inflation rate? a. About 51% b. About 42% c. About 20% d. About 39% I believe it is b is this correct? 2.Carnie had an income of $29,520 last ...
  88. Finance

    A manufacturing company is thinking of launching a new product. The company expects to sell $950,000 of the new product in the first year and $1,500,000 each year thereafter. Direct costs including labor and materials will be 45% of sales. Indirect incremental costs are ...
  89. sample size question

    A federal funding program is available to low-income neighborhoods. To qualify for funding, a neighborhood must have a mean household income of less than $15,000 per year. Neighborhoods with mean annual household income of $15,000 or more do not qualify. Funding decisions are ...
  90. Marketing

    9. The annual planning at Century Office Systems, Inc. had been arduous but produced a number of important marketing initiatives for the next year. Most notably, company executives had decided to restructure its product-marketing team into two separate groups: (1) Corporate ...
  91. Math

    Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The depreciation ...
  92. math

    A church congregation has 149 members, and each member donates 10% of their income to the church. If the church collected 335250 dollars last year from its members, what would be the mean contribution of its members? What about the mean income of its members? Please help, I'm ...
  93. Finance

    Donna and Sherman Terrel are preparing a budget for 2003. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna estimates her salary will ...
  94. finance

    Donna and Sherman Terrel are preparing a budget for 2003. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna estimates her salary will ...
  95. Geometry

    Assume the following is a true statement. If it is raining, I will carry an umbrella. Which form of the original statement must also be true? a- converse b-- inverse c- contrapositive d- biconditional My answer is c contrapositive
  96. Math - Fractions

    Five weeks is how many seventy-thirds of a year(assume a year is 365 days)?
  97. Business Math

    Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The depreciation ...
  98. business math

    Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The depreciation ...
  99. physics

    (a) In 2009, Usain Bolt ran the last 100 meters of the 150-meter race in 8.70 seconds. What is Usain Bolt’s speed? (b) The world record for the 100-meter dash is 9.58 seconds (Bolt, 2009). Use the speed from part (a) as his maximum velocity. Assume a sprinter accelerates at ...
  100. physics

    (a) In 2009, Usain Bolt ran the last 100 meters of the 150-meter race in 8.70 seconds. What is Usain Bolt’s speed? (b) The world record for the 100-meter dash is 9.58 seconds (Bolt, 2009). Use the speed from part (a) as his maximum velocity. Assume a sprinter accelerates at ...
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