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poizon [28]
4 years ago
5

Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 413,000 Cost of goods sold (all

variable) $ 169,100 Total variable selling expense $ 20,700 Total fixed selling expense $ 17,900 Total variable administrative expense $ 13,100 Total fixed administrative expense $ 30,400 The gross margin for October is:a. $210,100 b. $364,700 c. $161,800 d. $243,900
Business
1 answer:
VMariaS [17]4 years ago
8 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Sales = $ 413,000

Cost of goods sold (all variable) = $ 169,100

Total variable selling expense = $ 20,700

Total fixed selling expense = $ 17,900

Total variable administrative expense = $ 13,100

Total fixed administrative expense = $ 30,400

Gross margin:

= Sales - Cost of goods sold

= $ 413,000 - $ 169,100

= $243,900

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How does CSS differ from HTML?
Lana71 [14]
CSS - is responsible for the design or style of the website, including the layout, visual effects & background color

HTML - is used to create the actual content of the page such as written text
5 0
4 years ago
Selling, general, and administrative expenses were $59,000; net sales were $268,100; interest expense was $6,300; research and d
ozzi

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

7 0
3 years ago
NYC Marketing gave celebrities new, frayed caps with the logo for its sanitation department, which are available for sale online
dmitriy555 [2]

Answer: Buzz

Explanation:

Based on the information given in the question, the above marketing is an example of buzz marketing. Buzz marketing is using wore of mouth in such a way that it'll work in ones favour whereby people will eventually start sharing it on their own or start talking about that product.

Since NYC Marketing gave celebrities new, frayed caps with the logo for its sanitation department, this can motivate people to start buying the goods sold by the company.

6 0
3 years ago
Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad
adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0
3 years ago
Which of the following statements is true?
OlgaM077 [116]

Answer:

These statements are true:

A) The Federal Reserve does not set the Federal funds rate, but it influences it through the use of open market operations:

For example, at the very moment the Fed funds rate is 1.75%. If the Fed wanted to raise it to 2%, it would have to do so through the use of open market operations (in this case, because it wants to raise the rate, it would have to sell securities in order to reduce the money supply).

C) The Federal Reserve sets the target for the Federal funds rate, and then uses the reserve ratio to push banks toward that target.

Reserve requirements are perhaps the most powerful, and least often used, monetary policy tool that the Fed has at its disposal. It is very powerful because it directly increases or decreases the money supply.

For example, if the Fed wants to increase the fed funds rate, it can raise the reserve ratio so that banks keep more money in reserves, have less money to loan, and in consequence, create less money, causing the money supply to shrink and the fed funds rate to rise accordingly.

D) The Federal Reserve sets the Federal funds rate.

Correct. More specifically, the Federal Open Market Committee, which meets eight times a year to set the target for the fed funds rate.

3 0
3 years ago
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