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3 years ago

The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:_______.

Business

1 answer:

alekssr [168]3 years ago

6 0

,Answer:

Rollins Inc

Multi step Income Statement as on December 31, 2021

Particulars Amount$

Sales Revenue 5,900,000

Less: Cost of Goods Sold -44,00,000

Gross profit 1,500,000

Operating Expense

Selling expense 400,000

Restructuring costs 190,000

Administrative expense 300,000

Total Operating Expenses 890,000 -890,000

Operating Income 610,000

Non Operating Income/Expense

Interest revenue 40,000

Gain on projected benefit 260,000

obligation

Interest expense -20,000

Loss on Sale of Investments -10,000

Loss on debt investments -160,000

Total Non Operating 110,000 110,000

Profit before taxes 720,000

Taxes 180,000

Net Profit 540,000

Net Profit 540,000

Number of equity shares 100,000

Earnings per share 5.40

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Mathematically, Four machines are needed and two machines are necessary

Option B is correct

<h3>How many more machines are required?</h3>

Question Parameters:

The annual demand for the product is 4000 units.

A. Product B has an annual demand of 2000 units.

(Assume 8 hours/shift, 2 shifts/day, 250 days/year, and that no overtime is allowed).

Generally, in light of the fact that the new product will require the same facilities as that of product A and two machines was being used

We see that, Four machines are needed and two machines are necessary

Option B is correct

For more information on Machines brainly.com/question/10221970

Complete Question

A company's production facility, consisting of two identical machines, currently caters only to product A. The annual demand for the product is 4000 units. Management has now decided to introduce another product, B, which uses the same facilities as that of product A. Product B has an annual demand of 2000 units. In view of the uncertainties involved in producing two products, management desires to have an overall 10 percent capacity cushion. Given the following additional information, how many more machines are required? (Assume 8 hours/shift, 2 shifts/day, 250 days/year, and that no overtime is allowed).

No additional machines are necessary.
One additional machine is necessary.
Two additional machines are necessary.
More than two additional machines are necessary.

6 0

2 years ago

Mike is the Director of Human Resources for a 120-employee family-owned manufacturing firm. Mike has been quite busy the last ye

inn [45]

Answer:

A. Assuming that employees would understand the content of the PowerPoint slides

Explanation:

One of the most common mistakes that can be made is assuming that the receiver on the other end of the communication chain would understand quite well, what message, you as the sender, is passing across.

In the scenario cited in the question above, the new benefit offerings that have been developed after the overhauling, of which Mike has taken his time to explain in a power point presentation just few months before employees would be required to enroll for the program, must have been misunderstand by the employees. The multiple emails reveals that the employees do not really understand the content, and this comes as a surprised to Mike. We can infer that Mike must have made the mistake of assuming that the employees would understand the content of the PowerPoint slides.

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3 years ago

First Class, Inc., expects to sell 20 comma 000 pool cues for $ 14.00 each. Direct materials costs are $ 2.00, direct manufact

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Answer:

COGS= $176,800

Explanation:

Giving the following information:

Direct materials costs are $2.00

Direct manufacturing labor is $6.00

Manufacturing overhead is $0.84 per pool cue.

Direct materials:

Beginning inventory= 26,000

Ending inventory= 26,000

Finished goods inventory

Beginning inventory= 1,700

Ending inventory= 3,500

First, we need to calculate the units produced:

Production= sales + desired ending inventory - beginning inventory

Production= 20,000 + 3,500 - 1,700

Production= 21,800

Now, the cost of goods sold:

COGS= (2 + 6 + 0.84)*20,000= $176,800

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3 years ago

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Answer:

What is the difference between marketing and merchandising? How do each of these concepts fulfill a different function in the business world? Explain and provide a real-world example of each.

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3 years ago

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4 years ago