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Dennis_Churaev [7]
3 years ago
6

Preparing budgeted income statement.

Business
1 answer:
Shkiper50 [21]3 years ago
4 0

Answer:

Budgeted net income is $175,630  

Explanation:

The budgeted income statement for the year ended 31  December , 2 011 is presented below , starting with the sales budget amount while budgeted costs of good sold and selling and administrative expenses are deducted from sales,

Budgeted sales                                         $1,222,700

costs of goods sold                                   ($727,300)

operating income                                       $495,400  

Selling and administrative expenses       ($244,500)

Profit before tax                                         $250,900  

Taxes($250,900*30%)                             ($75,270)

net income                                                $175,630  

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7 0
1 year ago
Of the following statements, which are true for the corporate form of organization? (Select all that apply.)a. Owners have limit
zepelin [54]

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Explanation:

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8 0
3 years ago
A company’s fixed operating costs are $430,000, its variable costs are $2.95 per unit, and the product’s sales price is $4.50. W
vredina [299]

Solution:

Given information:

The fixed operating costs are$430,000.

The variable costs per unit are $2.95.

The selling price of the product is $4.50.

Calculation of the break-even point:

The formula to calculate the break-even point is:  

Break-even point = Fixed costs / Selling price per unit -Variable costs per unit  

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3 years ago
Vista newspapers sold 6,000 of annual subscriptions at $125 each on September 1.
jonny [76]

Answer:

Option (B) is correct.

Explanation:

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4 years ago
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Answer:

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