Answer:
The answer is $30000
Explanation:
$ $
Sales 195000
<u>Less cost of sales</u>
Opening stock 12000
<u>Add</u> purchases <u> 97000</u>
109000
<u>Less </u>closing stock <u>6000</u>
<u>103000</u>
Gross profit 92000
<u>Less</u> operating expenses <u>62000</u>
Operating income <u>30000</u>
The operating income is<u> $30000</u>
Net loss is when expenses exceed the income or total revenue produced for a given period of time
Answer:
The transaction allows a seller to take pride in its product
Explanation:
Have a good one!
Answer:
The amount should be recorded for the purchase of the land is $417500.
Explanation:
amount of land = sale price of the land - sale of salvaged parts + bemolition of the old buiding + land preparation and leveling
= $400000 - $20000 + $30000 + $7500
= $417500
Therefore, The amount should be recorded for the purchase of the land is $417500.
Answer: (C) Level production planning strategy
Explanation:
The level production planning is one of the type of strategy that is used for maintaining the steady rate of the production and also the level of the steady employment. This type of strategy helps for satisfying the demand of the customer.
The production planning strategy basically varying the inventory level for maintaining the production level in the given period of time. It is produced the constant output and also maintaining the stable work environment.
Therefore, Option (C) is correct.
