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

37,265 results, page 9
1. ## 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
2. ## ACCOUNTING

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

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

Is unearned revenue included in the income statement? No, only the balance sheet.
5. ## Income Tax

most people get a refund because they paid too much GST. would this statement be false?
6. ## Economics

Some people would prefer a single income tax rate because it? A) would increase the government’s revenue. B) is easier to calculate. C) would reduce the percent of income poorer families pay in income taxes. D)means everyone would pay the same income
7. ## acc

Case 9-2 Purchase of Assets On October 10, 2005, Mason Engineering Company completed negotiations on a contract for the purchase of new equipment. Under the terms of the agreement, the equipment may be purchased now or Mason may wait until January 10,
8. ## 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
9. ## Finance

Jim Bob is a stock picking genius. Every year, based on his system, he has the ability to invest \$100 (only) in a security that is expected to earn a 20% return over the next year. That security always has a beta of one. Assume that the risk free rate is
10. ## Math

Sara had just rented her first apartment starting December 1 before beginning college in January. The apartment had washer and dryer hook-ups, so Sara wanted to buy the appliances to avoid trips to the Laundromat. The Saturday newspaper had an
11. ## Math

Sara had just rented her first apartment starting December 1 before beginning college in January. The apartment had washer and dryer hook-ups, so Sara wanted to buy the appliances to avoid trips to the Laundromat. The Saturday newspaper had an
12. ## Financial and managerial accounting

1. Use the following data for questions 1 and 2.On March 12, 2005, Trio, Inc. acquired melting equipment for \$37,000. The estimated life of the equipment is 7 years, with an estimated residual value of \$9,000.Refer to above data. In its financial
13. ## Financial and managerial accounting

1. Use the following data for questions 1 and 2.On March 12, 2005, Trio, Inc. acquired melting equipment for \$37,000. The estimated life of the equipment is 7 years, with an estimated residual value of \$9,000.Refer to above data. In its financial
14. ## Finance

When Steve and Roslyn retire together they wish to receive \$40,000 additional income (in the equivalent of today’s dollars) at the beginning of each year. They assume inflation will be 4% and they expect to realize an after tax return of 8%. Based on
15. ## 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

From Chapter 19 - Discussion Question #6, page 574: 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
17. ## Math

The equation y= -1777x + 27,153 can be used to predict the number y of gun deaths in the United States x years after 2000, that is x=0 corresponds to 2000, x=2 corresponds to 2002, x=5 corresponds to 2005, and so on. Predict the number of gun deaths in
18. ## 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
19. ## Accounting

During the fiscal period just ended some of the inventory in the warehouse of Jamie Ltd. wasn’t counted. Jamie Ltd. uses a periodic inventory control system. Explain how the following are affected by the error: • Net income • Current ratio
20. ## accounting and finance

1.Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. has declared the following annual dividends over a six-year period ending December 31 of each
21. ## Statistics 7

Home values tend to increase over time under normal conditions, but the recession of 2008 and 2009 has reportedly caused the sales price of existing homes to fall nationwide (BusinessWeek, March 9, 2009). You would like to see if the data support this
22. ## statistics 7

Home values tend to increase over time under normal conditions, but the recession of 2008 and 2009 has reportedly caused the sales price of existing homes to fall nationwide (BusinessWeek, March 9, 2009). You would like to see if the data support this
23. ## statistics 7

Home values tend to increase over time under normal conditions, but the recession of 2008 and 2009 has reportedly caused the sales price of existing homes to fall nationwide (BusinessWeek, March 9, 2009). You would like to see if the data support this
24. ## statistics 7

Home values tend to increase over time under normal conditions, but the recession of 2008 and 2009 has reportedly caused the sales price of existing homes to fall nationwide (BusinessWeek, March 9, 2009). You would like to see if the data support this
25. ## 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
26. ## 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
27. ## 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
28. ## English

I have a question as to how to separate my own opinion from what I have reasearched. I seems that I have a actually blend this all together into a "harmonious" mix so to speak. I would like to learn how to separate this from personal opinion. The thing is
29. ## Accounting

what dificulties will a business face if it does not prepare a bank statement at regular intervals?
30. ## Accounting Concepts

To close the accounting cycle for Joe Smith's business, complete the following: Journalize and post the adjusting entries for Joe's business. Make the following adjusting entries: (Note: you may need to create additional ledger accounts) Adjustment for
31. ## Math

A resolution was passed by a ratio of 5:4 If 900 people voted for the resolution, how many voted against it? (400?) The ston family spends \$500 per month for rent. This is 4/15 of their total monthly income. Assuming that sale ties remain constant, what is
32. ## 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
33. ## 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)
34. ## 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
35. ## statistics

The income of college students is normally distributed with a mean income per year is \$12,000 and a standard deviation of \$6,000. a)If we randomly sample 25 college students, what is the probability that the average income of our sample is less than
36. ## accounting

utilities in the catergorie owner equity i think. if not is it income statement or balance sheet.
37. ## 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
38. ## Finance

8. Assume you just turned 28. You want to accumulate \$3.5 million by your 65th birthday. Beginning next year, you will invest equal amounts each year until your 60th birthday. Your twin brother has the same goal, but he will wait 4 years before making his
39. ## Accounts

Assuming a proprietorship, partnership, and corporation earns equal amount of income and it is distributed evenly among owners, the amount collected by government toward tax will be: Select one: a. highest for proprietorship. b. highest for corporation. c.
40. ## macro economy

December 1994 a man in ohio deposited all of the 8 million pennies He had been saving for 65 year(his deposit weghed 48000 pounds) with reserve requirement of 55 what will be the cumulative change to the baking system? a)transaction deposit b)Total
41. ## 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
42. ## 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
43. ## 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
44. ## 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
45. ## 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
46. ## 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

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
48. ## 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

(DEPRECIATION SCHEDULE E) E.Office furniture for a set of executive suites costs \$12,000.00 and should be replaced after 5-years. The salvage value is \$3,000. Prepare a depreciation schedule using a double-declining balance rate for the system. It should
50. ## 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!
51. ## 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
52. ## Psychology

I have listed approaches that I think would be most effective for the following scenarios. Can someone please tell me if my answers are correct. If so, I'm not sure how to explain why they are correct. 1) A 27 year old female victim of incest who was
53. ## finance accounting

Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. kSH.000 Account payables 15,800 equipment 46,000 motor vehicles 25,160 Account receivable 23,080 Cash at bank 29,120 cash in hand
54. ## Accounting

How can I calculate the net income if I only know the assets total and liabilities total from both the beginning of the year and the end of th eyear? Net income is related calculated using revenues less expenses. Assets and liabilities are involved, but
55. ## Computer Programming

Must be in pseudocode. Compute the income tax due on taxable income entered by the user, given the data as shown in the following table. Be sure to include error checking to make sure the user does not enter a negative number. Assume all entries are
56. ## Accounting

Anheuser-Busch InBev Companies, Inc reported the following operating information for a recent year. 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
57. ## resume

I am not a english speaker!!!!!!!! i am writing a resume is this statement correct: I am introducing my work: Student focus teaching professional with instructional experience and multicultural knowledge. Currently one of three teachers at Grovetown High
58. ## accounting

Savallas Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used
59. ## 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
60. ## math

A man was injured in an accident at work he receives a disability grant of R4800 in the first year. This grant increases with a fixes amount each year.. a). What is the annual increase if over 20 years he would have received a total of R143500 b). His
61. ## FINANCIAL MANAGEMENT FOR HUMAN SERVICE MANAGERS

XYZ NON PROFIT CORPORATION INCOME STATEMENT
62. ## math

utilities expense in the catergorie income statement. i think. if not is it owner equity or balance sheet.
63. ## Financial management

On December 31 of last year, Wolfson Corporation had in inventory 400 units of its product, which cost \$21 per unit to produce. During January, the company produced 800 units at a cost of \$24 per unit. Assuming that Wolfson Corporation sold 700 units in

On December 31 of last year, Wolfson Corporation had in inventory 400 units of its products, which cost \$21 per unit to produce. During January, the company produced 800 units at a cost of \$24 per unit. Assuming that Wolfson Corporation sold 700 units in
65. ## 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
66. ## biology

Assume that a mature female vegetarian consumed 2 pounds of food daily for one year. At the end of this one year, she weighed ½ pound more than she weighed at the beginning of that year. a. What was the percentage of biomass conversion at this trophic
67. ## 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
68. ## Finance

Due to a recession, expected inflation this year is only 2.75%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 2.75%. Assume that expectations theory holds and the real risk-free rate is r* = 3%. If the
69. ## 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
70. ## Math/Finance

Due to a recession, expected inflation this year is only 2%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 2%. Assume that expectations theory holds and the real risk-free rate is r* = 2.25%. If the
71. ## Managerial Finance

Due to a recession, expected inflation this year is only 2%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 2%. Assume that expectations theory holds and the real risk-free rate is r* = 2.25%. If the
72. ## florida

On December 31, 2010, XYZ made the following cash payments: •\$100,000 for a two-year office lease beginning on February 1, 2011
73. ## Math

Casies invested one part of her \$10,000 at 7.5% interest per year and the other part at 8.5% per year as well. Her income from the two investments was \$820. How much did she invest at each rate of interest?
74. ## Management Accounting

Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chair lifts. Suppose that one lift costs \$2 million and preparing the slope and installing the lift costs another \$1.3 million. The lift will allow 300
75. ## Accounting

Adelphia Corporation, which uses absorption costing, just completed its first year of operations. Planned and actual production equaled 13,000 units, and sales totaled 11,700 units at \$184 per unit. Cost data for the year are as follows: Direct material
76. ## Accounting

Adelphia Corporation, which uses absorption costing, just completed its first year of operations. Planned and actual production equaled 13,000 units, and sales totaled 11,700 units at \$184 per unit. Cost data for the year are as follows: Direct material
77. ## Stor 155

In computing the median income of any group, some federal agencies omit all members of the group who had no income. Give an example to show that the reported median income of a group can go down even though the group becomes economically better off. Is
78. ## aCCOUTNING

explain how improperly counting ending inventory affects the income statement and the balance sheet
79. ## Accounting

First, you have to categorize each transaction as financial, operating, or investment. THEN, determine if the total assets increases, decreases, or stays the same. THEN, determine if the total income decreases, increases, or stays the same. THEN determine
80. ## 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

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

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
83. ## 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
84. ## 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
85. ## 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
86. ## accounting

Assignment Please prepare the homework problems in the form of a Word and/or Excel file. Try to use one file to submit your answers if possible and include the questions with your answers. You must show your calculations. A dermatology clinic expects to
87. ## 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
88. ## econimics

18. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports. Transfer payments \$ 16 Government purchases 80 Personal taxes 38 Corporate income taxes 28
89. ## macroeconomics

18. The following is a list of figures for a given year in billions of dollars. Using this data, compute: (a) GDP; (b) NDP; (c) NI; (d) PI; (e) DI; (f) Net exports. Transfer payments \$ 16 Government purchases 80 Personal taxes 38 Corporate income taxes 28
90. ## accounting I

What would be the journal entry to record: Sept 28, 2009 A dividend was declared, which they intend to pay at \$0.10 per share by the end of the year. The company has 25,000 shares of capital stock
91. ## COm/156

Is this thesis statement too long? Thesis Statement; although there are people who still believe Social Security will cover our needs upon retirement, we need to limit our spending and start saving for our retirement. We need to learn to live with less so
92. ## Math - Fractions

Five weeks is how many seventy-thirds of a year(assume a year is 365 days)?
93. ## Math Word Problem

2) After 2 years, Betsy finds she now will require \$7,000 per year. The remaining info is the same. How should the money be reinvested? Same info: 1) Betsy requires \$6000 per year in extra income. She has \$50,000 to invest and can invest in bonds paying
94. ## Math

Betsy, a recent retiree, requires \$6,000 per year in extra income. She has \$60,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 3% per year. How much money should be invested in each to realize
95. ## math

Jack has 2009 unit cubes glued together to form a cuboid. He opens a packet containing 2009 stickers. He has enough stickers to stick one on each cube. How many stickers does he have left?
96. ## Basic Accounting

Complete an Income Statement, Statement of Owner's Equity, and Balance Sheet using the information provided below for Rya’s Planning Services. Cash… …… ……… … … … ………\$21,500 Accounts Receivable………17,500 Office Supplies……
97. ## Math

A new law requires that 12% of an individual's income be invested in the stock market. Your accounts show that you need to put \$420 in the stock market this year. How much did you earn this year. A \$5,040 B \$350 C \$504** D \$3,500