1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliina [53]
3 years ago
7

Green T-Shirt Processing has a unit sales price of $20 for their t-shirt. The contribution margin percentage is 70%. If they sol

d 7,000 shirts last quarter and fixed costs totaled $10,000, what is their net operating income?
Business
1 answer:
Rom4ik [11]3 years ago
7 0

Answer:

Net operating income= 88,000

Explanation:

Giving the following information:

Selling price= $20

Unitary variable cost= 20*0.3= 6

Fixed costs= $10,000

Units sold= 7,000

<u>We need to calculate the net operating income:</u>

Sales= 20*7,000= 140,000

Variable cost= 6*7,000= (42,000)

Contribution margin= 98,000

Fixed costs= (10,000)

Net operating income= 88,000

You might be interested in
Definition of a stakeholder
MatroZZZ [7]
1.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
2.
a person with an interest or concern in something, especially a business.
6 0
3 years ago
Are specialized accountants who look for evidence of improper
oksian1 [2.3K]

Answer:

A. Forensic accountants

Explanation:

Forensic accountants possess auditing and investigative skills. Their work entails examining financial records and statements in search of evidence for any financial misleading. Forensic accountants are trained and qualified accountants or auditors. They acquire investigative skills through specialized training.

5 0
2 years ago
Suppose that the price of peanuts falls from $3 to $2 per bushel and that, as a result, the total revenue received by peanut far
Arturiano [62]

Answer:

A) the demand for peanuts is inelastic          

Explanation:

Since in the question it is given that the price of peanuts is fall fro $3 to $2 per bushel which shows the decreased in price while at the same time the revenue received is also decreased from $16 to $14 that results in demand for peanuts is inelastic          

As we know that

Inelastic = When elasticity is less than one

So in the given case since the price and revenue received is decrease therefore the demand is inelastic

4 0
3 years ago
Taxpayers over 65 can only deduct expenses that are greater than 7.5% of adjusted gross income for
ElenaW [278]
The answer to this is MEDICAL and DENTAL EXPENSES. This is already a fixed law in terms of expenses deduction which would be based on the adjusted gross income. For individuals below 65 years old, they only have 10%. 65 years old is the temporary threshold and this is an exemption making it 7.5% of their AGI or the adjusted gross income. 
7 0
3 years ago
Explain why workers must understand and comply with employment conditions
prohojiy [21]

Answer:

If they did not do so, they would be left without a job,t hen left without a means of supporting themselves, and supposedly their family

4 0
2 years ago
Other questions:
  • WILL GIVE BRAINLIEST !!!!!
    15·2 answers
  • A console game, ZOMBIES!, has come out recently. It sells for $60. Which of these might lower the price of the game?
    11·1 answer
  • On January 1, 2019, Broker Corp. issued $3,700,000 par value 10%, 12-year bonds which pay interest each December 31. If the mark
    12·1 answer
  • gdp is the best measurement of a country's economy. explain why you agree or disagree with this statement
    14·1 answer
  • Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcom
    5·1 answer
  • The Pioneer Company has provided the following account balances: Cash $38,000; Short-term investments $4,000; Accounts receivabl
    10·1 answer
  • ______art and inventions like paper still influence the world today​
    12·1 answer
  • The markets for prostitution in Nevada and New Jersey have two important differences: 1) prostitutes in New Jersey face higher c
    14·1 answer
  • Bren Co.'s beginning inventory at January 1, 2005 was understated by $26,000, and its ending inventory was overstated by $52,000
    7·1 answer
  • I need this right now.
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!