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
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

You might be interested in
You are a sales manager for a car dealership who wants to effectively target potential customers. Write a paper that details how
fenix001 [56]

Answer:

answer is given below

Explanation:

  • As sales managers of car dealerships, we need to create a plan to effectively target potential customers.
  • In order to effectively target potential buyers, we need to determine both demographic and behavioral data. With respect to demographics, it is important to have information about age, gender, and income levels so that we can consider former consumer trends. Getting this type of data helps our dealerships identify the consumer trends that best target our marketing campaigns. In addition to this data, monitoring our social media feeds also helps us gain insight into our automakers by providing us with demographics and behaviors.
  • There are various resources available to assist in the decision-making process, focusing on potential buyers. One specific source we want to use is Axion. Many people have experimented with FICO assessment. The company can be used by car businesses to help them focus on family units and performance insights by providing reliable data,
4 0
3 years ago
A the production possibilities frontier (PPF) is bowed outward as a result of:_________
vodomira [7]

Answer: 2) increasing opportunity costs.

Explanation:

The Production Possibilities frontier is bowed out as it shows that for one more unit of a good to be produced, an additional unit of the other good must be given up.

This represents increasing opportunity costs because opportunity cost is the cost we incur for choosing one alternative over another. By producing more and more of one good, we give up more and more of the other good which means that our opportunity cost rises.

8 0
3 years ago
Wha Companies use relationship marketing to build and maintain relationships with their _______________. *
Elena-2011 [213]

Answer:

customers.

Explanation:

Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

One of the importance associated with good marketing communication (relationship marketing) is that, it improves the image of a business firm. A business firm with a good company reputation or prestige for the sales and production of quality products with an excellent customer relationship can easily introduce new products into the market at a high price without limitations.

Hence, companies use relationship marketing to build and maintain relationships with their customers.

8 0
2 years ago
If an employeeâs manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the e
Mrac [35]

If an employee manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the employee's job, it would be an example of quid pro quo" harassment.

Protect individuals from discrimination based on characteristics such as race, nationality, religion, and gender. These rights are guaranteed to all citizens under the due process and equal protection clauses of the United States Constitution and the laws of Congress.

The Civil Rights Act of 1964 outlawed discrimination in employment based on race, color, national origin, religion, or sex, and the Equal Employee's Opportunity Commission was appointed to investigate discrimination and enforce the bill's provisions. established a meeting.

Learn more about employees at

brainly.com/question/1190099

#SPJ4

3 0
1 year ago
Cullumber Corporation purchased 37000 shares of common stock of the Sherman Corporation for $52 per share on January 2, 2020. Sh
yawa3891 [41]

Answer:

Revenue from investment = 229,400

Explanation:

Given:

Purchased shares = 37,000

Value per share = $52

Sherman Corporation total shares = 100,000

Cash dividends = $162000

Net income = $620000

Find:

Revenue from investment = ?

Computation:

Revenue from investment = Net income (Purchased shares / Sherman Corporation total shares)

Revenue from investment = $620000 (37,000 / 100,000)

Revenue from investment = 229,400

7 0
2 years ago
Other questions:
  • Helen pays a 10% commission on the cost of the stock she bought at $17.57 per share. she purchased 150 shares. how much will hel
    8·1 answer
  • The millions of workers leaving the job market for the reasons given are A. not counted as unemployed in the BLS data because th
    9·1 answer
  • On February 1, 2021, Miter Corp. lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six mont
    8·1 answer
  • In 2016, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round
    9·1 answer
  • Marigold Company owns equipment that cost $936,000 and has accumulated depreciation of $395,200. The expected future net cash fl
    11·1 answer
  • An open market purchase by the fed has a tendency to:
    6·1 answer
  • Porter's Five Forces framework has been around since the 1980's and has been very effective in evaluating industry attractivenes
    15·1 answer
  • A few years ago the British government was considering​ retiring, or buying back from​ investors, some outstanding consols that
    5·1 answer
  • While writing a formula, what are some ways to insert a cell reference into the formula? Check all that apply
    12·2 answers
  • Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!