Business, 17.06.2021 02:20 brae0

Net sales $ 229,234 $ 215,639 Cost of sales 141,048 131,376 Research and development expenses 11,581 10,045 Selling, general, and administrative expenses 15,261 14,194 Operating income ? ? Other income, net ? 1,348 Provision for income taxes 15,738 ? Net income $ 48,351 $ 45,687

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Answer from: neriah30

Net sales $ 229,234 $ 215,639

Cost of sales 141,048 131,376

Research and development expenses 11,581 10,045

Selling, general, and administrative expenses 15,261 14,194

Operating income 61,344 60,024

Other income, net 2,745 1,348

Provision for income taxes 15,738 15,685

Net income $ 48,351 $ 45,687

Explanation:

a) Data and Calculations:

Net sales $ 229,234 $ 215,639

Cost of sales 141,048 131,376

Research and development expenses 11,581 10,045

Selling, general, and administrative expenses 15,261 14,194

Operating income ? ?

Other income, net ? 1,348

Provision for income taxes 15,738 ?

Net income $ 48,351 $ 45,687

Operating income = Net sales minus (Cost of sales + R&D expenses, + Selling, general, and administrative expenses)

Other income, net = Net income + Provision for income taxes - Operating income

Provision for income taxes = Operating income + Other income - Net income

Answer from: Quest

mauve company permits employees to occasionally use the copying machine for personal purposes

Answer from: Quest

The correct answer is "c) beginning inventory for the first quarter"

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Net sales $ 229,234 $ 215,639 Cost of sales 141,048 131,376 Research and development expenses 11,581...

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