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andreev551 [17]
3 years ago
5

Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on

sales of 2,000 kits was prepared for the year. Fixed operating expenses account for 80% of total operating expenses at this level of sales.Sales Revenue $ 100,000 Cost of goods sold (all variable) 60,000 Gross margin 40,000 Operating expenses 35,000 Operating income $ 5,000 Prepare a flexible budget based on sales of 1,400, 2,500, and 3,500 units

Business
1 answer:
worty [1.4K]3 years ago
3 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Parrot received land as a gift with a fair market value of $5,000. The land was purchased by the donor for $8,000. The land is s
Alika [10]

Answer:

Loss of $2,000

Explanation:

In this scenario, we have the following information:

• The adjusted cost basis: $8,000 (the amount paid by the donor)

• The fair market value: $5,000  

• The sold amount: $6,000

Parrot’s basis in the land is $8,000, as same basis the donor had.  

So when he sells it, he must report loss of $2,000 on the sale.

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Calculating the average time callers wait on the phone for technical support is an example of inferential statistics.A. TrueB. F
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Answer:

b) false

Explanation:

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8 0
3 years ago
Your college bookstore is responsible for the gathering, sorting, and dispersing of books required for a literature course on ca
Nataly [62]

The function of <em>gathering, sorting, and dispersing</em> books required for a literature course by the college bookstore is an example of <em>b. logistical functions that intermediaries perform.</em>

The bookstore is an intermediary between the students (customers) and the publishers (suppliers) of the literature book. The bookstore <em>is not performing a transactional, transitional, or facilitating function. </em>

Thus, the college bookstore performs a logistical function by managing the <em>inventory, transportation, and warehousing needs</em> of the college.

Learn more:brainly.com/question/18686811

5 0
2 years ago
When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf
mash [69]

Answer:

The net worth (owners' equity) for this business is $2.2 million

Explanation:

Net worth: It is also known as owner's equity which is a difference between total assets and total assets.

In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.

So, the accounting equation is

Total Assets = Total Liabilities + Owner's Equity

where,

Company assets are $3.5 million

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Now, apply the above equation to find out the value of the owner's equity

So, owner equity would be equals to

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Hence,  the net worth (owners' equity) for this business is $2.2 million

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3 years ago
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