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Nata [24]
3 years ago
7

Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $310,000, vari

able expenses of $155,100, and traceable fixed expenses of $71,300. The Alpha Division has sales of $620,000, variable expenses of $339,800, and traceable fixed expenses of $133,500.
The total amount of common fixed expenses not traceable to the individual divisions is $135,200.
What is the company's net operating income?
Business
1 answer:
AnnyKZ [126]3 years ago
6 0

Answer:

The correct answer is $95,100.

Explanation:

According to the scenario, the computation of the given data are as follows,

We can calculate the net operating income by using following formula:

Net operating income = ( Beta margin + Alpha margin) - Non traceable fixed expense

Where, Beta margin = Sales - variable expense - traceable fixed expense

= $310,000 - $155,100 - $71,300

= $83,600

And, Alpha margin = Sales - variable expense - traceable fixed expense

= $620,000 - $339,800 - $133,500

= $146,700

So, by putting the value in formula, we get

Net operating expense = ( $83,600 + $146,700 ) - $135,200

= $230,300 - $135,200

= $95,100

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Answer:

They are definitely responsible.

Explanation:

Denis Arnold and Norman Bowie advocate for corporate responsibility in their article "Sweatshops and Respect for Persons" (Business Ethics Quarterly 13 - 2003).

<em>"MNE's have a moral duty to ensure their business partners respect employees by ensuring that human rights are not violated in the workplace."</em>

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3 years ago
Period costs are the​ ________. A. product costs that must be paid in the accounting period in which they are incurred. B. sam
-BARSIC- [3]

Answer:

C. operating costs that are expensed in the accounting period in which they are incurred

Explanation:

Non Manufacturing expenses are Period costs. Period Costs are the operating costs that are expensed in the accounting period in which they are incurred. Examples include selling and administrative expenses.

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4 0
3 years ago
If the closing costs were 5% of the loan amount, how much was the loan amount?
scoray [572]
B) $70,880..........................
5 0
3 years ago
Total payroll of Walnut Co. was $1,900,000, of which $330,000 represented amounts paid in excess of $118,500 to certain employee
babymother [125]

Answer:

A.

Dr Salaries and Wages Expense $1,900,000,

Cr Withholding Taxes Payable $461,000,

Cr FICA Taxes Payable 124,890

Cr Cash 1,314,110

B.

Dr Payroll Tax Expense 158,535

Cr FICA Taxes Payable 150,135

Cr FUTA Taxes Payable 3,360

Cr SUTA Taxes Payable 5,040

Explanation:

Walnut Co

A.

Dr Salaries and Wages Expense $1,900,000,

Cr Withholding Taxes Payable $461,000,

Cr FICA Taxes Payable 124,890

Cr Cash 1,314,110

(1,900,000 – $330,000) × 7.65%+ ($330,000 × 1.45%)

=1,570,000×0.0765+4,785

=120,105+4,785

B.

Dr Payroll Tax Expense 158,535

Cr FICA Taxes Payable 150,135

($1900,000 × 7.65%) + ($330,000 × 1.45%)

(145,350+4,785)

Cr FUTA Taxes Payable 3,360

($1,900,000 – $1,480,000) × .8%

420,000×.8%

Cr SUTA Taxes Payable 5,040

($420,000 × 1.2%)

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3 years ago
Goods are typically tangible while ____ are typically intangible
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Services are typically intangible.

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