Answer:
$11,400
Explanation:
Income Statement
For the year ended December 31, 2019
Particulars Amount
<u>Revenues</u>
Service revenue $37,900
<u>Expense</u>
Salaries & wages expense $16,000
Insurance expense $2,900
Rent expense $3,400
Supplies expense $2,500
Depreciation expense <u>$1,700</u>
Total expenses <u>$26,500</u>
Net income (loss) <u>$11,400</u>
Answer:
Sales will be equal to 8900 gallons
Explanation:
We have given hardware purchased = 8400 gallons
The store had 3200 gallons on hand at the beginning of the of march
So opening stock = 3200 gallons
And expected to have 2700 gallons at the end of march
So closing stock = 2700 gallons
So sales = purchases + opening stock - closing stock = 8400 + 3200 - 2700 = 8900 gallons
So sales will be equal to 8900 gallons
Utilization can be calculated using the formula utilization
= average output rate / maximum capacity.
Utilization = number of lots x setup time + processing time
x number of units / number of hours per day x working days per year
Utilization = [200 x 1 + (45/60) x 2000] / (8 x 215) = 1700 / 1720
Utilization = 0.9884
The utilization is 0.9884 or 98.84%. capacity cushion can be
calculated by subtracting the utilization from 1. The capacity cushion is 0.01163
or 1.17%
The major advantage of focus groups is that the reliability of the data collected is high unlike other qualitative methods.
a. True