Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm's gross profit?
A) $18,000,000
B) $15,225,000
C) $5,000,110
D) $6,632,000
Answer: B
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A) Discuss the news in one paragraph. B) State the news in the subject line. C) Explain the news thoroughly in the introduction. D) All of the above.
On September 1, Year 1, Orville Corporation has unrestricted Retained Earnings of $600,000, Appropriated Retained Earnings of $400,000, Cash of $850,000, and Accounts Payable of $50,000. What is the maximum amount that can be used for cash dividends?
A. $450,000 B. $600,000 C. $850,000 D. $800,000
The Health Insurance Portability and Accountability Act requires healthcare providers to obtain______from patients prior to disclosing any information in their medical records
a. payment for all services rendered b. a social security number c. a second opinion d. written consent