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Ray Of Light [21]
3 years ago
8

Ormand Company uses variable costing for internal decision-making purposes and has the following information for June: Sales $90

0,000 Variable cost of goods sold 440,000 Fixed manufacturing costs 160,000 Variable selling and administrative expenses 100,000 Fixed selling and administrative expenses 70,000 Determine the income from operations for June.
Business
1 answer:
Evgesh-ka [11]3 years ago
6 0

Answer:

$130000

Explanation:

Given: Sales revenue= $900000.

          Variable cost of goods sold= $440000.

          Fixed manufacturing cost= $160000

          Variable selling and administration expense= $100000.

          Fixed selling and administrative expense= $70000.

Now, finding the income from operation for June.

Formula; Income from operation= Revenue- cost\ of\ goods\ sold- administrative\ expense

⇒ Income from operation=  \$ 900000- \$ 440000-\$ 160000- (\$ 100000+\$ 70000)

⇒ Income from operation= \$ 900000- \$ 600000- \$ 170000

⇒ Income from operation= \$ 900000 - \$ 770000

∴ Income from operation= \$ 130000

Hence, $130000 is the income from operation for June.

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Definition of unemployment insurance fund
Veronika [31]
Salutations!
Definition of unemployment insurance fund.

Unemployment insurance fund is a short term holiday, or consolation where workers do not work due to personal issues, such as: illness, family cases etc.
Hope I helped :D
7 0
2 years ago
Rosalie is a sales consultant for Avon Cosmetics. This illustrates
aliina [53]

a. Rosalie is a sales consultant for Avon Cosmetics. This illustrates personal selling. Hence, option (a) is relevant option.

<h3>Give a brief account on Marketing.</h3>

Marketing is the process of discovering, developing, and delivering value to meet the needs of a target market in terms of products and services. Choosing a target market, selecting specific traits or themes to highlight in advertising, executing marketing campaigns, attending trade shows and open events, creating products and packaging that appeal to consumers, and defining the terms of sale, such as the purchase price, discounts, warranties, and return policies are other possible steps. Usually, the seller, who is usually a manufacturer or merchant, handles the marketing.

The occasional hiring of a specialized marketing firm or advertising agency may be necessary. Less frequently, a trade association or government agency (like the Agricultural Marketing Service) will market an entire sector or location, frequently a single food item (like Got Milk? ), food from a specific area.

b. Inside salespersons generally focus on taking orders and following up, whereas outside salespersons are more consultative. Hence, option (d) is the relevant option.

To know more about, marketing, visit :

brainly.com/question/27155256

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7 0
1 year ago
Which of the following is NOT a step in the strategic planning process?A) defining the company missionB) setting company objecti
Colt1911 [192]

Answer:

Which of the following is NOT a step in the strategic planning process?

E) evaluating all members of the value chain

Explanation:

Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy

4 0
3 years ago
Bassett Fruit Farm expects its EBIT to be $373,000 a year forever. Currently, the firm has no debt. The cost of equity is 13.2 p
julia-pushkina [17]

Answer:

The correct answer is $1,836,742.42.

Explanation:

According to the scenario, the given data are as follows:

EBIT = $373,000

Cost of equity = 13.2%

Tax rate = 35%

So, we can calculate the unlevered value of the firm by using following formula:

Unlevered value of the firm = EBIT × (1 - TAX RATE) ÷ COST OF EQUITY

By putting the value, we get

Unlevered value of the firm = $373,000 × ( 1 - 35%) ÷ 13.2%

= $373,000 × 0.65 ÷ 0.132

= $242,450 ÷ 0.132

= $1,836,742.42

6 0
3 years ago
A company's strategy is unlikely to succeed unless:
Montano1993 [528]

Answer:

d.both answers 1 and 3 occur.

That is

a.the company has competencies and capabilities to efficiently sustain its competitive differentiation.

c.the company's competitive advantage grows out of the entire system of activities working together.

Explanation:

In a perfectly competitive market firms have similar products and so they must compete with each other to get market share.

Gaining a competitive advantage is key in surviving within the market.

Differentiation of its products is the first step to success. When a firm's product is differentiated from others it will gain more customer loyalty as the end user identies the product with a particular trait for example high quality.

When the companie's activities are well synchronised the company achieves efficiency which is a competitive advantage of higher output than other firms.

8 0
3 years ago
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