1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgesh-ka [11]
3 years ago
7

Artisanâ Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6 comma 500 units during the year. The company

has provided the followingâ information: Sales Revenue $ 590 comma 000 Purchasesâ (excluding Freightâ In) 302 comma 000 Selling and Administrative Expenses 67 comma 000 Freight In 15 comma 000 Beginning Merchandise Inventory 43 comma 000 Ending Merchandise Inventory 43 comma 000 What is the operating income for theâ year?
Business
1 answer:
aliina [53]3 years ago
5 0

Answer:

206,000

Explanation:

Sales                                             = 590000  

- CGS                                           = 302000  

Gross profit                                                                       = 288,000

Less Operating Expenses:

Sellings and Admin expenses      = 67000  

Freight in                                  =     15000  

Total Operating expenses         =       82000  

Operating Income                                                               =         206,000

CGS = Beginning inventory + Purchases - Ending Inventory

CGS = 43,000 +302,000 - 43,000 = 302,000

You might be interested in
Suppose you live in New York City and the government has imposed price ceilings on apartment rental rates. You want to rent an a
dimulka [17.4K]

Answer:

The correct answer is letter "C": a tie-in sale.

Explanation:

A tie-in sale is one where the purchase or rent of an object is only possible if another is also bought. Companies tend to use this practice to offer goods and services in bundles where all the products being sold are not necessarily of interest to the buyer but generates more profit or the seller.

6 0
3 years ago
Communicating effectively, showing a sense of teamwork, and being a good negotiator are all ways to demonstrate which component
Alexxandr [17]
<span>Communicating effectively, showing a sense of teamwork, and being a good negotiator are all ways to demonstrate which component of emotional intelligence? Social management. Possessing all of these qualities and attributes makes you stable in your workplace and overall life environment. Having control of how you act in situations and having good emotional intelligence allows for growth and understanding overtime. Emotional intelligence is defined as being aware and in control of your emotions to successfully and </span>appropriately handle how you feel and act/react in certain situations. 
7 0
3 years ago
Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses ma
Murljashka [212]

Answer:

$434,000

Explanation:

Total machining cost = Number of machine hour * Rate per machine hour

= 3,100 * $140

= $434,000

Hence, The total machining cost allocated to product X is $434,000.​

5 0
3 years ago
Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher want
leva [86]

Answer: Individual interviews

Explanation: An individual interview can be seen as an experimental method of acquiring information from an original source to gather non-numerical information with a small number of respondents to discuss in detail their viewpoints on a specific idea, program or circumstance.

Here, the Marine Midland Bank sent out their researchers to discuss with the head of each household in the community the reason for not checking accounts and credit cards with the bank. It can be carried out in 15-60 minutes.

8 0
3 years ago
What statement about pawn shops is correct?
Gnom [1K]
The correct answer for the question that is being presented above is this one: "B. A pawn shop has lower interest rates than banks." The statement about a pawn shop that is correct is this one: <span>B. A pawn shop has lower interest rates than banks.</span>
6 0
4 years ago
Other questions:
  • Johnny Appleseed and Company ships all of the apples from its orchards in the Pacific Northwest to a single buyer in Japan. The
    10·1 answer
  • You often find that employees choose a health care plan without carefully considering their options. In fact, sometimes employee
    8·1 answer
  • Kate is a busy student. She likes to run to stay healthy and fit. She doesn't shop all the brands because she knows what shoe is
    5·1 answer
  • Suzanne, a sales representative at medex, a pharmaceutical firm, was being sexually harassed by her manager, phil. after suzanne
    12·1 answer
  • Fixed costs included in this income statement are $2,000 for meal production and $400 for administrative costs. Maria has receiv
    9·1 answer
  • Dextra Computing sells merchandise for $17,000 cash on September 30 (cost of merchandise is $11,900). The sales tax law requires
    7·1 answer
  • Multiple Choice Question The following selected information pertains to Wilson Company. Current liabilities: $100; long-term lia
    8·1 answer
  • PS.02 A process that utilizes inexpensive general-purpose capital equipment will tend to have higher skilled workers.
    10·1 answer
  • Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem
    12·1 answer
  • What is the role of profit in a business ?​
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!