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bekas [8.4K]
3 years ago
13

Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6,000 units during the year. The company has pr

ovided the following information Sales Revenue Purchases (excluding Freight In) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory $565,000 305,000 67,000 14,000 43,000 42,000 Ending Merchandise Inventory What is the operating income for the year? (Round your answer to the nearest whiole do ar) OA. S178.000 ○ B. S245000 O C. $320,000 O D. $498,000
Business
1 answer:
Jobisdone [24]3 years ago
5 0

Answer:

Option (A) is correct.

Explanation:

Given that,

Units sold = 6,000 units

Sales = $565,000

Selling and administrative expenses  = $67,000

Operating income:

= Sales - Cost of Goods Sold - Selling and administrative expenses

= $565,000 - ($305,000 + $14,000 + $43,000 - $42,000) - $67,000

= $565,000 - $320,000 - $67,000

= $178,000

Therefore, the operating income for the year is $178,000.

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A company currently sells products in the United States and is considering expanding to China or Vietnam. Expanding won't impact
mariarad [96]

Answer: Company should not expand to either.

Explanation:

Find the expected values of expanding to either country and pick the country with the highest expected value:

China:

= ∑(Probability of outcome * Outcome)

= (20% * 2,000,000) + (30% * 1,000,000) + (50% * -2,000,000)

= -$300,000

Vietnam:

= (70% * 1,000,000) + (30% * -2,500,000)

= -$50,000

<em>Both countries result in an expected loss so company should not expand to either of them. </em>

3 0
3 years ago
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boyakko [2]
The answer is True, hope this helps
6 0
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Ad man Rosser Reeves believed that firms should develop a USP for each brand and stick to it. What does USP stand for?
Kazeer [188]

Answer: d. unique selling proposition

Explanation:

A unique selling proposition is a unique benefit exhibited by product or brand that makes it unique or different from other brands or products.

6 0
4 years ago
List three careers a person could have in the following fields that related to City Planning or
Stells [14]

Answer:

Civil Service administrator.

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4 0
3 years ago
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What is one of the benefits of the current pattern of global trade?
Harlamova29_29 [7]

Answer:

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Explanation:

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