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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 manager in your organization just received a special order at a price that is "below cost." The manager points to the document
Alex777 [14]

Answer:

So, from a short-run perspective, so long as the sale does not affect other output prices or normal sales volume, a "below cost" sale may result in a net increase in income so long as the revenues cover the differential costs.

However, in the long run all costs must be covered or management would not reinvest in the same type of assets.

If the company must continually sell below the full cost of production then it will most likely get out of that particular business when it comes time to replace those facilities.

5 0
3 years ago
Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly.What would y
Nataliya [291]

Answer:

Most likely to do:

(C). Offer to help others complete their tasks; observe their work process and provide some tips that might help them.

Least likely to do:

(B).Remind your coworkers of performance expectations and that they need to be working harder to complete tasks.

7 0
3 years ago
Read 2 more answers
Sears and Holiday Inn encountered difficult times because they did not stand out as the lowest in cost, highest in perceived val
Citrus2011 [14]

Answer: (C) Middle of the roaders

Explanation:

According to the given scenario, both of the companies are middle of the roaders as both holiday Inn and the sears are acing the difficulties in their perceived value, lowest in the cost and also in the market segments.

 The main aim of the middle of the roaders is to target the consumers in the middle range of the spending or we can say that income.

 The middle of the roaders is the term which is used to refers to the action that is typically in the midway between the two different type extremes and it basically focuses on the niche marketing segments.  

Therefore, Option (C) is correct answer.  

3 0
3 years ago
According to max weber, ideal bureaucracies are characterized by a chain of command in which authority flows from top to bottom.
professor190 [17]
The answer is b. False
6 0
3 years ago
Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corpora
sleet_krkn [62]
<h2>Let us understand the definition to shoot the question for better understanding.</h2>

Explanation:

Sole Proprietorship:

  • Owned by single person
  • One person responsible for liable and business
  • Simple to form
  • Nominal cost

Corporations:

  • Legal entities
  • Shared by shareholders
  • More complex type
  • Used for large business

Partnership:

  • Shared by two or more people
  • Types :general partnerships, limited partnerships, joint ventures

Questions: (reason not required as you can self-understand)

  • Are you going to own by oneself or shared?
  • Can you manage if you own with oneself?
  • What is your budget?
  • Do you want to make simple legal procedures?
  • Which type of partnership you prefer?
  • Do you now the "pros and cons" of each one?
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3 years ago
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