Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. (understanding the income statement) if the reid c

(Understanding the income statement) If the Reid Company earned $550,000 in net income, spent $120,000...

70.2K

Verified Solution

Question

Accounting

(Understanding the income statement) If the Reid Company earned $550,000 in net income, spent $120,000 in cost of goods sold, had $50,000 of general and administrative expenses, $30,000 in interest expense, $15,000 in depreciation expenses, and $65,000 in taxes, what was the company's sales revenue?
The sales revenue of Reid Company was $ (Round to the nearest dollar.)
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A gas cylinder contains 2.30 mol He, 1.35 mol Ne, and 1.75 mol Ar. If the...

Chemistry
Q

Problem III. A very large population of a flowering plant species occurs in a lowland meadow....

Biology
Q

what is the role of the kidney and bone marrow in this increase of RBCs?

Medical Sciences
Q

Using the programing language of Verilog I attempted to make a counter to count from 0...

Electrical Engineering
Q

Where does wealth and the marginal propensity to consume out of wealth fit into the equilibrium...

Economics
Q

cal pipe of length 10 cm has inner radius 3 cm and outer radius r2...

Physics
Q

A bag has eight balls labeled A, B, C, D, E, F, G, and H.One...

Basic Math
Q

Find the indicated partial derivative.f(x, y, z) = exyz4; fxyzfxyz(x, y, z) =

Calculus
Q

Find the product of the two matrices below. Is each the inverse of the other?...

Algebra
Q

PLEASE HELP ME ON THIS QUESTION!! Assume that the manager of the club is...

Accounting
Q

One year ago, your company purchased a machine used in manufacturing for $90,000. You have...

Finance
Q

Industrial and consumer prducts have similar characteristics and can be sold through similar channels. Select...

Accounting