Answer:
Jillian's annual economic profit on the printing business is $6,000
Explanation:
Cost of ink = $2000/month = $2000×12/year = $24,000/year
Annual rent = $30,000
Annual salary of employees = $60,000
Total annual expenditure = $24,000 + $30,000 + $60,000 = $114,000
Annual revenue = $120,000
Annual economic profit = annual revenue - annual expenditure = $120,000 - $114,000 = $6,000
Answer: Option E
Explanation: In simple words, traditional specialty stores refers to the retail stores that offers only one category of product but do provide their customers various options in respect to quality and brands of that one particular product.
For example- stores offering only sports goods, pet supply or jewelries etc. These goods are running in US for decades and are still handling a separate customer base due to the variety they offer and the all time availability of products that they have.
Answer: $20,000
Explanation:
Given that,
Charlie's Chocolates' had
Stock issuance = $52,000
Dividends = $21,000
Revenues = $85,000
Expenses = $65,000
Net income is calculated by subtracting expenses from revenues.
Net income = Revenues - Expenses
= $85,000 - $65,000
= $20,000
Charlie's Chocolates' net income is $20,000.
Answer:
C) Overapplied overhead
Explanation:
The ending balance of $8,000 represents the overhead overapplied as the credit side is more than the debit side related to production i.e as the credit side is $167,000 and the debit side is $159,000 so the credit side is greater than the $8,000
Therefore the correct option is c.
Hence, the other options are wrong
Answer:
ROI = Net operating income x 100
Average operating assets
ROI = $1,924,320 x 100
$6,000,000
ROI = 32.1%
The correct answer is C
Explanation:
ROI is the ratio of net operating income to average operating assets multiplied by 100.
