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Luba_88 [7]
2 years ago
13

Using the information below, calculate net income for the period: Sales revenues for the period $ 1,318,000 Operating expenses f

or the period 253,000 Finished Goods Inventory, January 1 50,000 Finished Goods Inventory, December 31 55,000 Cost of goods manufactured for the period 554,000
Business
1 answer:
Vanyuwa [196]2 years ago
4 0

Answer:

Net Income                   516,000

Explanation:

Net income = revenue - expenses

sales revenue              1,318,000

COGS                          (549,000) (A)

Operating expenses <u>  (253,000)  </u>

Net Income                   516,000

(A)

<u>To calculate the COGS we will use the inventory identity</u>

$$Beginning Inventory + production = Ending Inventory + COGS

50,000 + 554,000 = 55,000 + COGS

50,000 + 554,000 - 55,000 = COGS

COGS = 549,000

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pickupchik [31]

Answer:

- Employees will be empowered to collaborate directly with each other across organizational boundaries.

- Employees in different departments or divisions will share information easily.

- Information will flow across a network of informal relationships rather than primarily through a formal chain of command.

Explanation:

Relational coordination focuses on shared goals and knowledge between people that work on common tasks.

As such it will result in more communication between surbodinates. There will be increased interaction and communication between boundaries in the organisation.

People with common tasks will easily communicate with each other with less focus on the hierarchy of the organisation.

Project managers will play less role in sharing of information as most communication will be done between surbordinates.

4 0
3 years ago
Distinguish between the short run and the long run. In the short​ run, ______. In the long​ run, ______.
kenny6666 [7]

Answer:

B. the quantity of only one factor of production is​ fixed; the quantities of all factors of production can be varied

Explanation:

  • As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.
  • Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.
5 0
2 years ago
Who do u want to be with girls or boys
torisob [31]

Answer:

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Explanation:

4 0
2 years ago
Read 2 more answers
Heinrich is a manufacturing engineer with the Miller Company. He has determined the costs of producing a new product to be as fo
dusya [7]

Answer:

It need  sales figure of 22,125 units per year to break even considering their currnent contribution marign and fixed cost.

Explanation:

fixed cost per year:

equipment lease cost: 288,000

other overhead cost  <u>     48,300   </u>

total fixed cost              336,300

contribution per unit:

sales revenue - variable cost

39.75 - 14.55 = 15.20

each units generates $15.20 dollar we need to save up for  336,300 dollars

break even point:

336,300 / 15.20 = 22,125 units

6 0
3 years ago
The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coa
Cloud [144]

Answer:

$134,546

Explanation:

Calculation to determine the projected operating cash flow for this project

Projected operating cash flow=

{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}

Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}

Projected operating cash flow= $134,546

Therefore the projected operating cash flow for this project is $134,546

3 0
3 years ago
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