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Answer:
$113,200
Explanation:
Data provided
Cost of goods sold = $101,000
Increase in Inventory = $8,100
Decrease in Accounts payable = $4,100
The calculation of Adjusted cost of goods sold is shown below:-
Adjusted cost of goods sold = Cost of goods sold + Increase in Inventory + Decrease in Accounts payable
= $101,000 + $8,100 + $4,100
= $113,200
Therefore for computing the adjusted cost of goods sold we simply applied the above formula.
Answer:
B is the correct answer for that question
Investment interest expense includes interest expense from loans to purchase municipal bonds.
<h3>What is
Investment?</h3>
The dedication of an asset to achieve an increase in value over time is referred to as investment. Investment necessitates the sacrifice of a current asset, such as time, money, or effort. The goal of investing in finance is to generate a return on the invested asset.
Income investing is an investment strategy that focuses on constructing an investment portfolio that is specifically designed to generate regular income. The income investing strategy's sole goal is to generate a consistent stream of income.
The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers factors such as age, financial history, circumstances, and investment goals.
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Answer:
If linen department is dropped operating income of the company will decrease.
Explanation:
That is because the cotrollable margin of the department is positive:
controllable margin = contribution margin - controllable fixed costs
$605,000-($800,000-380,000) = 185,000
That means that the Linen department helps to reduced fixed cost that are not generated by this department and that will keep existing wether the department is closed or not.
In addittion the Hardware department will loose 19% of its sales if the Linen department is closed. Thus will result in a reduction of the cntribution margin of the hardware deparment too.