Below is last month's business income statement for Korey's Comics. Using the information provided in the statement, determine net income for Korey's Comics last month. Korey?s Comics Monthly Business Income Statement Revenue Sales: $6,825 Returns: $215 Net Sales: Cost of Goods Sold Beginning Inventory: $780 Purchases: $1,795 Goods Available for Sale: Ending Inventory: $795 Total Cost of Goods Sold: Gross Profit:: Operating Expenses Wages: $1,460 Rent: $650 Utilities: $185 Advertising: $90 Taxes: $125 Total Operating Expenses: Net Income: a. $2,320 b. $2,510 c. $4,830 d. $6,610

Answers

Answer 1
The Answer is A) 2,320. Here is how we arrive at that number:
Net Sales = Revenue - Returns = 6,825 - 215 = 6610
COGS = Beg Inv + Purch - Ending Inv = 780 + 1,795 - 795 = 1780
Gross Profit = Net Sales - COGS = 6610 - 1780 = 4830

OP Expenses:
Wages     1,460.00
Rent         650.00
Utilities     185.00
Advert      90.00
Tax          125.00
Total Operating Expenses: 2,510

Net Income = Gross Profit - Operating Expenses = 4,830 - 2510 = 2320
Net Income: 2,320
Answer 2

Based on the information given the net income is $2320.

Net income

Using this formula

Net Income = Gross Profit - Operating Expenses

Where:

Net Sales = Revenue - Returns

Net sales=$6,825 -$215

Net sales=$6610

Cost of goods sold= Beginning Inventory + Purchase - Ending Inventory

Cost of goods sold =$780 + $1,795 - $795

Cost of goods sold=$1780

Gross Profit = Net Sales - Cost of goods sold

Gross profit =$6610 - $1780

Gross profit=$4830

Operating Expenses:

Wages     $1,460

Rent         $650

Utilities     $185

Advert      $90

Tax          $125

Total Operating Expenses $2,510

Let plug in the formula

Net income=$4,830 - $2510

Net income=$2320

Inconclusion the net income is $2320.

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Related Questions

What is the equation of the line graphed?

A)
y = 3x


B)
y = 3x - 2


C)
y = -3x - 2


D)
y = -3x + 2

Answers

to find the equation you need any two points on the line
let us pick (0,-2) and (1,1)
we can find the slope
[tex]m = slope = \frac{ - 2 - 1}{0 - 1} = \frac{ - 3}{ - 1} = 3[/tex]
using the point-slope equation
(y-y1)=m(x-x1) so choosing either of the points i will pick (1,1)
y-1=3(x-1)
y-1=3x-3
y=3x-2 which is b

Becky has one piece of paper. She cuts the paper in half and then has two pieces. She cuts these in half to get four pieces. The process continues. Which describes how many pieces she has at each step? (a) p(1) = 1; p(n) = 2p(n-1), for n is greater than or equal to 2 (b) p(1) = 1; p(n) = 1/2p(n-1), for n is greater than or equal to 2 (c) p(1) = 1; p(n) = p (n-1) +1, for n is greater than or equal to 2

Answers

C.) p(1) = 1; p(n) = p(n-1) + 1

1 piece cuts into 2, 2 pieces cuts into 4, 4 pieces get cut into 8, so there is a multiple of 2 involved so the equation needs a multiple of 2 in it.

 The correct answer is a) p(1) = 1; p(n) = 2p(n-1), for n is greater than or equal to 2


PLZ HELP DUE IN 5
MIN

Which statements are correct steps in finding the linear equation of a line that passes through the points (−1, 7) and (2, 4) using the point-slope form method? Select all that apply.

A: y = x + 6
B: 7 = –1(–1) + b
C: y – 4 = –1 (x – 2)
D: y – 7 = –1 (x – (–1))
E: y – 2 = x – 4
F: y = –x + 6

Answers

y – 4 = –1 (x – 2) y – 7 = –1 (x – (–1))y = –x + 6

The linear equation of the line will be y = -x + 6.

What is an equation of the line?

An equation of the line is defined as a linear equation having a degree of one. The equation of the line contains two variables x and y. A2 nd the third parameter is the slope of the line which represents the elevation of the line.

Given that a line passes through the points (−1, 7) and (2, 4). The equation of the line will be calculated by finding the slope of the line.

y = mx + c

m = ( y₂ - y₁ ) / ( x₂ - x₁ )

m = ( 2 - ( -1 ) / ( 4 - 7)

m = ( 3 / -3 )

m = -1

y = mx + c

( 7 ) = ( -1 )( -1 ) + x

c = 6

The equation will be written as:-

y = mx + c

y = -x + 6

Therefore, the linear equation of the line will be y = -x + 6.

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the larger of two numbers is 12 more than the smaller number. if the sum of the two numbers is 74, find the two numbers

Answers

x = smaller, y = larger
larger (y) is (=) 12 more than (+) smaller (x)
y = 12 + x
x + y = 74
plug one equation into the other:
x + y = 74
x + (12+x) = 74
2x + 12 = 74
2x = 74-12 = 62
2x/2 = 62/2
x = 31
y = 12 + x = 12 + 31 = 43
So smaller number = 31
and larger number = 43

If a 40-m rope is cut into two pieces in the ratio 3:5 how long is each piece

Answers

Final answer:

The 40-m rope cut in a 3:5 ratio gives a 15 m piece and a 25 m piece. Doubling the rope length to 80 m with the same ratio yields a 30 m piece and a 50 m piece.

Explanation:

To find the length of each piece of a 40-m rope cut in the ratio 3:5, we need to work out the parts of the rope that each ratio value represents. First, we add the parts of the ratio together: 3 + 5 = 8 parts in total. Then, we find the length of each part by dividing the total length of the rope by the total number of parts: 40 m ÷ 8 = 5 m per part. Furthermore, to find the length of the smaller piece, we multiply the size of one part by 3, and for the longer piece, we multiply by 5.

Length of smaller piece = 3 parts × 5 m/part = 15 mLength of larger piece = 5 parts × 5 m/part = 25 m

-6(x-5)>42 and plz show how you got it

Answers

-6(x - 5) > 42

Simplify.

-6x + 30 > 42

We are simply just trying to get x by itself.

So, subtract 30 from both sides.

-6x > 42 - 30

Simplify.

-6x > 12

Then, divide both sides by -6.

Remember! : When dividing by a negative number, you must switch the signs. So, > → < and < → > :))

-6x ÷ -6 > 12 ÷ -6

Simplify.

-2

~Hope I helped!~

TONS OF POINTS
TOOOONNNSS

PLEASE HELP!
EMERGENCY! Rewrite the expression 26 + 8 as the product of the GCF and a sum. Then, simplify the expression. Show all of your steps.

Answers

26+8 = 34{SUM}

(26+8)/2
(13+4){GCF}

Answer:

Step-by-step26+8 = 34{SUM}

(26+8)/2

(13+4){GCF} explanation:

The perimeter of an equillateral triangle is 63 inches. If the length of each side is (4x-3), find the value of x.

Answers

Since all sides are congruent, the perimeter is 3 times the length of 1 side.

3(4x - 3) = 63

Divide both sides by 3:

4x - 3 = 21

Add 3 to both sides:

4x = 24

Divide both sides by 4:

x = 6
Hello there,
1 side= (4x-3)
3 sides= (4x-3)3
           = (12x-9)
To find the value of x,
12x-9= 63
12x= 63+9
12x=72
x=6

On side note: Remember to change the sign when it crosses the equal sign. (for example: -2 will become 2 once it crosses the equal sign)

Hope this helps:))

~Top

How many ants does it take to have the same mass as an elephant

Answers

First we observe that the mass of the ant is in grams, where the mass of the elephant is in metric tons. We cannot compare the two masses as is, so we first convert them into the same units. We can do this with ratios, using the conversion chart above to convert metric tons into kilograms and then kilograms into grams.

(8 metric tons)(1000 kg1 metric ton)(1000 grams1 kg)=8,000,000 grams=8×106 grams
Notice that both metric tons and kg appear once on both the top and the bottom, enabling them to be canceled out, leaving only grams. Also note that we could have converted .003 grams into metric tons, and though this would have given an answer with a large number of decimal places, we would end up with the same final result.

Now that both quantities are in grams, we want to find how many ants, n, are required to have the same mass as the elephant. As each ant has a mass of 4×10−3 grams, we multiply 4×10−3 by n to get the total mass of the ants
total mass of n ants=4×10−3n
and then we set this equal to the mass of the elephant:
4×10−3n=8×106
We find that n=2×109 ants.

Thus, it takes approximately 2×109 ants to have the same mass as an elephant.
Each ant is 10−1 cm long, and we have 2×109 ants total. If we put all these ants in a line (front to back), we can find the length of the line by multiplying the length of one ant by how many ants we have:
2×109×10−1 cm=2×108 cm
As is, this answer is difficult to illustrate because it is such a large number. To find two objects that are this distance apart, we first want to convert centimeters into more useful units. We do this by using ratios from the above chart, converting centimeters to meters and meters to kilometers.
(2×108 cm)(1 m102 cm)(1 km103 m)=2×103 km=2000 km
This amount is much easier to visualize, and it turns out that 2000 km is approximately the driving distance from San Francisco, California to Denver, Colorado.

Final answer:

To equal the mass of an elephant weighing 8 metric tons, it takes approximately 2 billion ants, each weighing 4×10^-3 grams.

Explanation:

The question asks how many ants would equal the mass of an elephant when the mass of an ant is approximately 4×10^-3 grams and the mass of an elephant is about 8 metric tons. First, we need to convert the mass of the ant into the same units as the elephant's mass. Since there are 1,000 grams in a kilogram and 1,000 kilograms in a metric ton, we can calculate the mass of the ant in metric tons as 4×10^-3 grams × (1 kilogram / 1,000 grams) × (1 metric ton / 1,000 kilograms), which simplifies to 4×10^-9 metric tons. To find the number of ants needed to equal the mass of an elephant, we divide the elephant's mass by the mass of one ant: 8 metric tons / 4×10^-9 metric tons per ant = 2×10^9 ants. Therefore, it takes approximately 2 billion ants to have the same mass as an 8 metric ton elephant.

alexia charges 15 dollars an hour to repair air conditioners. organize the data for the coat of reparing air conditioners. write a graph an equation representing the function . graph the finction

Answers

1) Data

x: number of hours of repair

f(x) = cost

    x          f(x) = 15x
hours            $
    0              0

    1              15

    2              30

    3               45

    4               60

    5               75

     a              15a

2) Equation: y = 15x

3) Graph: it is a continuous straight line that starts at (0,0) and passes through all the points ordanized in the table.

the width of a rectangle is 4 inches less than the length ,the perimeter is 48,what is the dimensions?

Answers

Answer: 10 inches × 14 inches

Work:

length = x inches
width = x - 4 inches
perimeter = 2(l+w)

48 = 2[(x)+(x - 4)]
48 = 2(2x - 4)
24 = 2x - 4
28 = 2x
14 = x

length = x inches = 14 inches
width = x - 4 inches = 14 - 4 = 10 inches
Length is 14 inches, width is 10 inches.
If you need area, it's 140 inches.

2L + 2w = 48

L = w + 4

2(w+4) + 2w = 48
2w + 8 + 2w = 48
4w + 8 = 48
4w = 40
w = 10

L = w + 4
L = 10 + 4
L = 14

Find p+q, given that (q+4)(p+3)-(q+2)(p+1)=44.

Answers

We find that p+q = 17.

To find p+q, we need to solve the given equation step by step:

(q+4)(p+3) - (q+2)(p+1) = 44

Expanding both products, we get:

qp + 3q + 4p + 12 - qp - q - 2p - 2 = 44

We notice here that the 'qp' terms cancel each other out. Simplifying, we are left with:

2q + 2p + 10 = 44

Subtracting 10 from both sides gives:

2q + 2p = 34

Divide by 2:

q + p = 17

Therefore, p+q = 17.

Someone please help me answer at least one of these problems it’s really hard and it’s due by tomorrow and I really don’t get it someone helppp

Answers

For 5 and 6 : 5 would be 144 when you put 3 in the position of the t . And 6 would be 1,024 when you put 8 where the t is .

Explain part a and b

Answers

As i can see there is a table a bove so the x is the first number which going up the graph and the y is across the line

Which equation shows y+15=3x in standard form?

Answers

You subtract 15 from both sides to turn the equation into y = 3x - 15.
In standard form, this given equation would be -3x + 1y = -15, or

-3x + 1y + 15 = 0

40 POINTS!!!!

I HAVE NOO IDEA WHAT THIS IS
PLEEAAASSEEE HELP ME!!!!!!!!!!!!!!!!!!!!
PLEASE DO THIS SMALL PAGE








IF U CANNOT SEE THE VOCABULARY CLEARLY I ADDED A PICTURE!

Answers

Hey You!

1. A number that is formed by repeated multiplication is called: power.

2. I cannot see the vocabulary clearly so it's hard to understand this one, but I believe it's order of operations.

3. The base is a number that is multiplied. The number that indicates how many times this number is used as a factor is the exponent.

How to simplify the expression
10h+6-5h+3

Answers

5h+9 is the correct answer

If we want to simplify this expression:

10h+6-5h+3


We have to join each term with h and each term with no variable (no h) :


10h-5h+6+3


Sum each h-term and each variable:


5h+9   This the simplified result

Add. (5y - 1) + (-2y + 4) A) 3y - 5 B) 3y + 3 C) 7y + 3 D) 7y - 3

Answers

(5y - 1) + (-2y + 4)  = 5y - 1 - 2y + 4
                              = 5y - 2y - 1 + 4
                              = 3y + 3    [OPTION B

On average, a commercial airplane burns about 3.9 × 10³ milliliters of gasoline per second. There can be as many as 5.1 × 10³ airplanes in the air in the United States at any given time. About how many milliliters per minutes of gasoline are burned by commercial airplanes in the United States at any given time?

Answers

1 plane burns 60x3.9x10^3
= 234x10^3 mls per minute
Required amount =
234x10^3 x 5.1x10^3
= 11934x10^6
= 1.1934x10^10 MLS Answer

60 x 3.9x10-3 = 234x10e3ml/minute/plane

You have 5.1x10e3 planes in the air

(234 x 5.1) (10e6) ---you add the two exponents together for this one

1193.4 x 10e6...which turns into 1.2 x 10e9

what percent of 50 is 18?

Answers

18÷50×100%=36%
Ans : 36%
If you don't understand feel free to message me
18-50x100=36%

Answer=36%

Hope this helps text me if you don't understand

-4y+7+9y-3 identify the terms and like terms in expressions

Answers

Combine like terms
5y + 4
combine like term -4y +9y 5y and +7 -3 = 4, 5y + 4

Five friends go out to dinner together. The meal comes to $80. Each friend contributes the same amount of money to pay the bill. Chase uses the five-step problem-solving plan. After completing the Solve step, how much money should he find each friend contributes? Enter you answer in the box.

Answers

i divided it and got $16. 85/5=16

Answer:

$16

Step-by-step explanation:


How would you regroup 4 tens to find the difference between 341 and 228

Answers

Easy! First just subtract it like you would! Then, when you get to the 4 tens of the number, explain how you subtracted that!

Working on homework. Need help with one part of the worksheet. This is the main problem.

An apple pie uses 4 cups of apples and 3 cups of flour. An apple cobbler uses 2 cups of apples and 3 cups of flour. You have 16 cups of apples an 15 cups of flour. When you sell these at the Farmers market you make $3.00 profit per apple pie and $2.00 profit per apple cobbler. Use linear programming to determine how many apple pies and how many apple cobblers you should make to maximize profit.

Attached first is what I have so far. Attached second is what I need help with. How to I write an obgective function that I can use to evaluate the profit?

Answers

 let x = number of apple pies you would make

let y= the number of apple cobblers you make

 4 cups of apples for a pie 2 cups for cobbler with 16 cups

so we have: 4x+2y<=16

3 cups of flour for both pies and cobbler we get: 3x+3y<=15.


solve the system of inequalities to get (3,2)

 

check: 4(3) +2(2) = 12+4 = 14, this is less than 16 so this is true

3(3) + 3(2) = 9 +6 = 15 does equal 15 so this is true

 

 Now profit equation is 3x +2y = profit

3(3) +2(2) = 9+4 = 13

 

You can make 3 apple pies and 2 apple cobblers for maximum profit


In this exercise we have to have knowledge about finances, in order to be able to calculate and write a function that corresponds to profits, so:

[tex]3x +2y = profit[/tex]

Then using the information given in the text we can write that:

let x = number of apple pies you would makelet y= the number of apple cobblers you make4 cups of apples for a pie 2 cups for cobbler with 16 cups

So writing the function we have that corresponds to:

[tex] 4x+2y\leq 6[/tex]

So writing the second function that corresponds to 3 cups of flour, we have:

[tex]3x+3y\leq 15[/tex]

So solving these systems we find:

[tex] 4(3) +2(2) = 12+4 = 14\\ 3(3) + 3(2) = 9 +6 = 15\\ 3x +2y = profit[/tex]

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Sandra runs at a rate of 8 miles in 45 minutes how does her unit rate compared to terrance's in Jessie's

Answers

Final answer:

Sandra's unit rate is 0.178 miles per minute, which is lower than Terrance's rate of 0.2 miles per minute and higher than Jessie's rate of 0.133 miles per minute.

Explanation:

To compare the unit rates of Sandra, Terrance, and Jessie, we need to determine how many miles they can run in one minute.

For Sandra, the unit rate is 8 miles in 45 minutes. To find the unit rate per minute, we divide 8 by 45, which is approximately 0.178 miles per minute.For Terrance, the unit rate is 6 miles in 30 minutes. Dividing 6 by 30 gives us a unit rate of 0.2 miles per minute.For Jessie, the unit rate is 2 miles in 15 minutes. Dividing 2 by 15 gives us a unit rate of 0.133 miles per minute.

Comparing the unit rates, Terrance has the highest rate at 0.2 miles per minute, followed by Sandra at 0.178 miles per minute, and Jessie at 0.133 miles per minute.

Complete question:

Sandra Runs at a rate of 8 miles in 45 minutes. how does her unit rate compare to Terrance and Jessie (Terrance 6 miles per half an hour jesse 2 miles every 15 minutes).

Which equation demonstrates the distributive property?
A) 14 + 77 = 91
B)14 x 77 = 77 x 14
C)14 + 77 = 7(2 + 11)
D)(2 + 11)7 = 7(2 + 11)

Answers

the answer you are looking for is C

Part B : What would the math be to show how I did the math? HELP ME PLZ!!

Answers

The equation would be 55h+40=c
h-hours
40-Initial value-Price paid at start
c-total cost
so if you plug the numbers in, 55h+40=190
Subtract 40 from both sides, 55h=150
Divide both sides by 55, h=150/55
150/55=2.72727272727
and that rounds to 2.73

Is 593÷6 is a little less than 10 a little more than 10 a little less than 100 a little more than 100 explain

Answers

Since 600 ÷ 6 = 100 and 593 is less than 6, 593 ÷ 6 is a little less than 100.

Hope this helps!

You use a gift card to buy a pair of shorts for $8. There is $32 left on the gift card after your purchase. What was the original amount of your gift card?

Answers

40 Dollars Was the original ammount

What is 3 5/2 in simplified radical form?
sqrt(3)

\sqrt{3^5}

^3\sqrt{5}

Answers

A radical exponent means the denominator is the index of the root, and the numerator is an exponent.

[tex] 3^{\frac{5}{2} } = \sqrt[2]{3^5} = \sqrt{3^5} [/tex]

To simplify 3 5/2 in radical form, convert the mixed number to an improper fraction and express it as √(13/2).

To express 3 5/2 in simplified radical form, we need to convert the mixed number to an improper fraction. 3 5/2 is equivalent to 13/2. Therefore, the expression can be written as √(13/2).

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