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
ArbitrLikvidat [17]
3 years ago
5

Paper Clip Company sells office supplies. The following information summarizes the​ company's operating activities for the​ year

: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of merchandise 89 comma 000 January 1 inventory 27 comma 400 Rent for store 14 comma 200 December 31 inventory 24 comma 000 What is operating​ income?
Business
1 answer:
nydimaria [60]3 years ago
4 0

Answer:ummarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma

Paper Clip Company sells office supplies. The following information summarizes the​ company's o

Explanation:ies for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sa

ies. The following information summarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of merchandise 89 comma 000 January 1 inventory 27 comma 400 Rent for st

You might be interested in
A worthless security had a holding period of six months when it became worthless on December 10, 2020. The investor who had owne
mariarad [96]

Answer: B. The investor has a short-term capital loss of $20,000.

Explanation:

A short-term loss occurs when a deficit is realized when there's a sale of an asset which has been held by the person for a period of one year or less.

In this case, since the security was worthless, it's a loss and was also help for six months which is less than one year, then it's a short term capital loss.

Therefore, the correct option is B

6 0
3 years ago
Select all that apply.
Bad White [126]
An employment office will help you find any job listed above as long as they have openings for that position. When you apply through an employment agency they will help match your characteristics and what you are looking for based on job vacancies. 
6 0
3 years ago
The McDonaldization of society refers to the:
puteri [66]

Answer:

A)

Explanation:

obesity epidemic in American society increased uniformity and rationality of society

6 0
3 years ago
hich of the following statements is CORRECT? (A) One advantage of corporations is that they avoid double taxation. (B) One advan
DerKrebs [107]

Answer: (C) One advantage of an LLC is that its owner has only limited liabilities.

Explanation:

A Limited Liability Company (LLC) has the main advantage of its owners having only a limited liability when it comes to debts and liabilities. This is because the LLC is a bit of a mixture between a partnership and a corporation.

This mix results from the fact that LLCs are formed by partners but their personal assets will be separated from the business like in Corporations which means that in case of default, only the assets they brought into the business will be targeted.

8 0
3 years ago
"​Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $ 1 comma 100​, variable costs are
zhannawk [14.2K]

Answer:

250 dresses

Explanation:

The first task would be to compute before tax net income when after tax net income is $21,000 at the tax rate of 30%

After tax net income=before tax net income*(1-t)

t  is the tax rate of 30% or 0.30

after tax net income is $21,000

$21000=before tax net income*(1-0.3)

$21,000=0.7*before net income

before tax net income=$21,000/0.7=$30,000

Target units for before tax net income of $30,000 is computed thus:

target number of dresses=fixed cost+target profit/contribution per unit

fixed cost is $120,000

contribution per unit=sales price-variable cost

                                 =$1,100-$500=$600

target number of dresses=($120,000+$30,000)/$600=250 dresses

6 0
3 years ago
Other questions:
  • Which of the following most accurately describes a podcast?​ a. ​A multiplayer, competitive activity b. ​An interactive version
    7·1 answer
  • Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 16, 2019. It sells the set of tires to
    12·1 answer
  • Clint's salary increased from ​$22 comma 000 to ​$35 comma 200 over a​ three-year period.​ Helen's salary increased from ​$28 co
    10·1 answer
  • Shamrock Corp. has a deferred tax asset account with a balance of $76,000 at the end of 2019 due to a single cumulative temporar
    9·1 answer
  • Purchasing a car on a loan through the bank or dealership is called:
    7·1 answer
  • The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The exp
    10·1 answer
  • Stockholders' Equity of Riverwild Corporation consists of 50,000 shares of $8 par value, 5% cumulative preferred stock and 400,0
    5·1 answer
  • A candy company has 115 pounds of cashews and 140 pounds of peanuts which they combine into two different mixes. The deluxe mix
    5·1 answer
  • QPD Corporation discovered financial information about its prime competitor which it used to its advantage. QPD did not obtain t
    10·1 answer
  • Since long-term interest rates are usually higher than short-term interest rates, the standard yield curve is _____.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!