On december 31, 2016, the end of the fiscal year, california microtech corporation completed the sale of its semiconductor business for $17 million. the business segment qualifies as a component of the entity according to gaap. the book value of the assets of the segment was $16 million. the loss from operations of the segment during 2016 was $4.6 million. pretax income from continuing operations for the year totaled $6.7 million. the income tax rate is 30%. prepare the lower portion of the 2016 income statement beginning with pretax income from continuing operations. ignore eps disclosures. (amounts to be deducted and negative amounts should be indicated with a minus sign. enter your answers in whole dollars
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Business, 22.06.2019 05:20, naomicervero
Social computing forces companies to deal with customers as opposed to
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Business, 22.06.2019 08:00, browneyedbaby20
Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.
Answers: 3
Business, 22.06.2019 20:40, Blazingangelkl
Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.
Answers: 2
On december 31, 2016, the end of the fiscal year, california microtech corporation completed the sal...
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