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tekilochka [14]
3 years ago
5

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Orange Company as

they appear on the company’s adjusted trial balance.
Accounts Payable $ 8,000
Accounts Receivable 27,000
Inventory 23,200
Advertising Expense 20,000
Cost of Goods Sold 153,000
Delivery Expense 7,600
Income Tax Expense 4,000
Insurance Expense 1,000
Rent Expense 18,400
Sales Revenue 320,000
Sales Discounts 9,400
Sales Returns & Allowances 43,000

Income from Operations would be:
Business
1 answer:
Sidana [21]3 years ago
4 0

Answer:

$67,600

Explanation:

income from operations = gross profit - operating expenses.

In this case, the income from operations = EBIT, it is not always that way because EBIT includes non-operating income, but in this case this doesn't exist.  

Sales Revenue 320,000

- Sales Discounts 9,400

<u>- Sales Returns & Allowances 43,000     </u>

Net sales = 267,600

<u>- Cost of Goods Sold 153,000                  </u>

gross profit = 114,600

- Advertising Expense 20,000

- Delivery Expense 7,600

- Insurance Expense 1,000

<u>- Rent Expense 18,400                              </u>

income from operations = 67,600

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Answer:

(A) Payback period for the machine= 3.5 years

(B) Simple rate of return for the machine= 87.5%

Explanation:

Alesu corporation is considering purchasing a machine that would cost $283,850

The useful life is 5 years

The machine would reduce cash operating costs by $81,100 per year

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(A) The payback period for the machine can be calculated as follows

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(B) The simple rate of return for the machine can be calculated as follows

First we calculate the depreciation expense

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= 176,750/5

= 35,350

Annual incremental income= cost savings -depreciation expenses

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= 248,500

Simple rate of return = annual incremental income/cost × 100

= 248,500/283,850 × 100

= 0.875 × 100

= 87.5%

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These three factors combined will be decisive for understanding and analyzing how people act in the organizational environment in order to establish a harmonious organizational culture where employees feel protected and valued to contribute to the company's organizational objectives.

A culture based on ethical values ​​and valuing employees, will help in a more collaborative work environment, where communication flows effectively and the employee feels able to contribute with greater motivation, innovative ideas and loyalty to the company, which helps to create an internal environment conducive to maximizing business success.

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