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
professor190 [17]
3 years ago
15

Selling, general, and administrative expenses were $59,000; net sales were $268,100; interest expense was $6,300; research and d

evelopment expenses were $27,800; net cash provided by operating activities was $69,900; income tax expense was $6,700; cost of goods sold was $145,500. Required: a. Calculate operating income for the period.
Business
1 answer:
ozzi3 years ago
7 0

Answer:

$35,800

Explanation:

Gross Profit = Net sales - Cost of goods sold

                   = $268,100 - $145,500

                   = $122,600

Total Operating Expense:

= S, G & A Expenses + R&D expense

= $59,000 + $27,800

= $86,800

Operating Income = Gross Profit - Total Operating Expense

                               = $122,600 - $86,800

                               = $35,800

You might be interested in
Is the letter l in the word almond silent?
EleoNora [17]
I think some people say it as olmen, rather than a silent L,it's silent D instead.
6 0
3 years ago
Which of the following describes the process by which radical changes needed to meet higher customer expectations can be achieve
Oliga [24]

Answer:

correct option is Business process reengineering

Explanation:

solution

the correct answer is Business process re-engineering because business process re-engineering is a radical re-design of the business process for getting  improvement in the critical aspect as like it quality and cost and service etc.  

and it is focusing on  analysis and design of workflow

so correct option is Business process reengineering

6 0
3 years ago
In creating an effective design, what should be done with the various pieces of text in the ad?<br>​
Komok [63]

Answer:

Designers use interesting text and typefaces to convey powerful messages and striking design.

8 0
3 years ago
Read 2 more answers
Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $374,000 and credit sa
IceJOKER [234]

Answer: The adjusting entry would be: Debit Bad debt expense $24,380; Credit Allowance for doubtful accounts $24,380.

Explanation: Since aging of the accounts receivable shows that 7% approximately of the outstanding receivable of $374,000 will be uncollectible. It then means $26,180 (7%*$374,000) will be uncollectible. Meanwhile, Tanning Company already has a credit balance of $1,800 in the allowance for doubtful accounts, therefore, an adjustment of $24,380 ($$2,180 - $1,800) has to be made.

5 0
3 years ago
The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45.
Varvara68 [4.7K]

Answer:

1.                                                             20Y3             20Y2

A  Sales on account                          $5,637,500    $4,687,500

B Beginning Accounts receivables  $650,000      $600,000

C Ending accounts receivables        $725,000      $650,000

Average accounts receivables        $687,500      $625,000 [D=(B+C) / 2[

Accounts receivables Turnover        8.2                 7.5             [E=A/D]

No of days in sales receivables       44.5                48.7          [F=365 / E]

2. The collection of account receivables has <u>INCREASED</u>. This can be seen in both the <u>INCREASE </u>in accounts receivables turnover and the <u>DECREASE </u>in collection period.

3 0
2 years ago
Other questions:
  • Which of the following represents a starting point for​ long-run pricing​ decisions? A. Opportunistic​ pricing, which is based o
    6·1 answer
  • Inbound marketing represents a fundamental shift in the way that organizations operate because it is ______-centric.
    7·1 answer
  • __________data, or the facts and figures that have already been collected about the Coffee Collective prior to the research at h
    15·1 answer
  • Wilbur decides to sell his collection of rare stamps on eBay when he is filling out the information for his item he types $40 in
    5·1 answer
  • A Rhode Island state statute imposes fines on tire repair businesses whose pneumatic equipment does not include automatic shut-o
    5·1 answer
  • You are bullish on telecom stock. the current market price is $110 per share, and you have $22,000 of your own to invest. you bo
    15·1 answer
  • On January 1, 2020, the balance sheet of Naperville Company (a sole proprietorship) was as follows.
    5·1 answer
  • During 2020, Lincoln Company hires seven individuals who are certified to be members of a qualifying targeted group. Each employ
    6·1 answer
  • In the ethical decision-making framework, the main difference between identifying the stakeholders and considering how those sta
    14·1 answer
  • Production cost information for the Molding department follows. Beginning work in process Direct materials $ 49,000 Conversion 5
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!