The Dairy Ice Cream Shoppe sold 9, 400 servings of ice cream during June for $3 per serving. The shop purchases the ice cream in large tubes from the BlueBell Ice Cream Company. Each tub costs the shop $9 and has enough ice cream cones. The shop purchases the ice cream cones for $0.10 each from a local warehouse club. The Dairy Ice Cream Shoppe is located strip mall, and rent for the space is $1, 850 per month. The shop expenses $230 a month for the depreclation of the shop's furniture and equipment. During June, the shop incurred an additional $2, 700 of other operating expenses (75% of these were fixed costs). Required:
a. Prepare The Dairy Ice Cream Shoppe's June income statement using a traditional format.
b. Prepare The Dairy Ice Cream Shoppe's June income statement using a contribution margin format.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

What is used by accountant to analyze transactions ?