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torisob [31]
3 years ago
12

The following information has been provided by Hale Company: • Advertising expense $8,800; • Interest expense $3,800; • Rent exp

ense for store $18,000; • Loss on sale of property and equipment $6,600; • Cost of goods sold $22,200; • Depreciation expense $8,000; • Prepaid insurance $1,900. How much were Hale’s total expenses in calculating operating income?
Business
1 answer:
klemol [59]3 years ago
6 0

Answer:

Hale’s total expenses in calculating operating income is $57000

Explanation:

Operating income represents profit realized in carrying out Hale Company primary activities

Only expenses incurred in are considered in calculation of Hale`s Operating Income

<em>Cost of Sales</em>

Cost of goods sold                        22200              

<em>Administration</em>

Rent expenses for store                18000

Depreciation                                    8000

<em>Selling and distribution expenses</em>

Advertising                                       8800

Total Expenses                               57000

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An organization gains a competitive advantage when it is able to do any one item, process, function, or other activity more effectively and or efficiently than other organizations operating within the same industry segment or, in certain situations, throughout the whole industry.

This is further explained below.

<h3>What is a competitive advantage?</h3>

Generally, The advantageous position that a firm strives to achieve in order to be more lucrative than its competitors is what is known as a competitive advantage.

In the world of business, a competitive advantage is a quality that enables a company to achieve a higher level of success than its rivals.

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10 months ago
g Which of the following are the three factors used to determine a company's credit rating? Its current ratio, its debt-to-equit
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<u>Explanation:</u>

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  • The current ratio marks a way to compute the liquidity of the company. It shows how well a firm is placed to meet the short term obligations. Broadly, a 2-1 ratio is considered a good ratio.
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2 years ago
The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out
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Answer:

a) 75600.

Explanation:

Given;

Beginning Work in Process =  19900  

Ending Work in Process = 65300

Units Transferred Out Units = 30200

Total units are to be accounted=  x

19900 - 30200 + x = 65300

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