Presented below is information related to Bonita Company at December 31, 2020, the end of its first year of operations. Sales revenue $ 335,550 Cost of goods sold 135,580 Selling and administrative expenses 54,900 Gain on sale of plant assets 30,790 Unrealized gain on available-for-sale debt investments 9,880 Interest expense 6,050 Loss on discontinued operations 12,200 Dividends declared and paid 5,060 Compute the following: (a) Income from operations $ enter a dollar amount 145070 (b) Net income $ enter a dollar amount 157610 (c) Comprehensive income $ enter a dollar amount 167490 (d) Retained earnings balance at December 31, 2020

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.