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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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Yoyodyne is a multinational communications and information technology corporation. Its principal products are mobile telephones
love history [14]

Answer:

b) crowdsourcing

Explanation:

Analyzing the information about the issue, it is correct to say that the multinational Yoyodyne is using the crowdsourcing model, which is a practice of recruiting volunteers to generate new ideas. This practice can confer many advantages for organizations, such as problem solving and innovation from a new perspective and at a lower cost, which can contribute to the success of an organizational campaign. Another advantage of the application of crowdsourcing is the engagement of your target audience, who feel part of an important project and increase their perception of the brand, generating greater loyalty and satisfaction.

3 0
3 years ago
Andrew Lighting purchases a factory and all of the equipment, computers, and vehicles within it. Andrew begins production of lam
alexandr1967 [171]

Answer: Factory

Vehicles

Equipment

Explanation:· A fixed asset is a long-term tangible asset a company owns and uses in its production activity to earn an income.

The computer isn't a fixed asset to Andrew because he doesn't use it in his production process.

3 0
3 years ago
A construction firm can achieve a $15,000 cost savings in Year 1, increasing by $3000 each year for the next 5 years, by convert
Aleksandr-060686 [28]

Answer: $21291.6

Explanation:

The equivalent annual worth of the savings will be calculated thus:

Annual cost savings in year 1 = $15000

Increase in annual cost savings = $3000

Project period = 6 years

Interest rate = 15%

Annual worth of savings = A + G(A/G, 15%, 6)

= 15000 + 3000(15,000/3000, 5%, 6)

= 15000 + 3000(5000, 0.15, 6)

= 15000 + 3000(2.0972)

= 15000 + 6291.6

= 21291.6

Therefore, the annual worth of savings will be $21291.6

5 0
3 years ago
EEE Corp. reports the following information for the fiscal year. (in $ million) Revenue $7,015 Expenses $3,890 Beginning retaine
Naily [24]

Answer:

See below

Explanation:

First we will compute the ending retained earnings

= Beginning retained earnings $4,615 + Revenue $7,010 - Dividends $500

= $11,125

Then , the total assets of EEE corp. would be

= Capital contributed $820 + Retained earnings $11,125 + liabilities at year end $5,225

= $17,170

4 0
3 years ago
Bright Future Investment Fund has a balance of $1, 205 on January 1. On May 1, the balance is $1, 230. Immediately after this ba
lilavasa [31]

Answer:

The fund balance at the end of the year is $22,075.

Explanation:

Let X denote the end-of-year balance. During the year, the balance grows as follows

1,205 → 1,230+ ($800) = 2,030

The time-weighted yield rate for the one yearperiod is 11.1%

11.1 = \frac{1230}{1205} * \frac{X}{2030}

1230x = 27152265

x =  \frac{27152265}{1230}

x = $22,075

7 0
3 years ago
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