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laila [671]
3 years ago
14

20. A financial analyst at RMO Manufacturing Corporation has assembled the following data for the last fiscal year. All data is

in millions (M). Gross sales $12M Interest expenses $0.5M Returns and allowances $1M Taxes $0.1M Cost of goods sold $3M Cash dividends $0.4M Operating expenses $3M Common stock $1M What is the net income or loss for the RMO Manufacturing Corporation for the last fiscal year? A. Net loss of $5M B. Net income of $4M C. Net loss of $4M D. Net income of $5M
Business
2 answers:
Eva8 [605]3 years ago
8 0

the correct answer is B

german3 years ago
7 0

Net Income for an organization is the Profit After tax and dividend paid. The formula for Net Income is:

Net Income = Sales - Cost of goods Sold - Operating Expenses - Return and Allowances - Taxes - Cash dividends

From the data given,

Sales = $12 Million

Cost of Goods Sold = $3 Million

Operating Expenses = $3 Million

Interest Expenses = $0.5 Million

Returns and Allowances = $1 Million

Taxes = $0.1 Million

Cash Dividend = $0.4 Million

By putting the variables in the above formula,

Net Income = $12 Million - $3 Million - $1 Million - $3 Million - $0.5 Million - $0.1 Million - $0.4 Million

Net Income = $4 Million

<u>Therefore, the answer is B Net Income is $ 4 Million</u>

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Unsystematic risk: Group of answer choices can be effectively eliminated by portfolio diversification. is compensated for by the
Novay_Z [31]

Answer:

can be effectively eliminated by portfolio diversification.

Explanation:

The systematic risk is the risk where the loss is associated with the entire market while on the other hand,  the unsystematic risk is the risk in which the loss is associated with the particular segment

Therefore according to the given options, the unsystematic risk is the risk that is eliminated by diversifying the portfolio i.e investing the amount in different companies rather investing in one company

4 0
3 years ago
Jodi is retiring at the age of 65. When she retires, she estimates that she will need a monthly income for 25 years. If Jodi sta
sergejj [24]

Monthly income refers to the gross countable income received or projected to be received during the subsequent month.

<h3>Interest compounded monthly</h3>

Given Information:

  • Principal = 328,133.32
  • Interest rate = 6.2%, compounded monthly
  • Term = 25 years

A = P (1 + r/n)^nt

A = 328,133.32 (1 + 6.2%/12)^12*25

A = 328,133.32 (1 + 0.0052)^300

A = 328,133.32 (1.0052)^300

A = 328,133.32 (4.74)

A = 1,555,351.94  Total value after 25 years.

=1,555,351.94 / 300 months = 5,184.51 per month.

Learn more about monthly income, refer to the link:

brainly.com/question/24685812

4 0
2 years ago
Domestic market centers are geographical areas that sell household linens.
bagirrra123 [75]
The correct answer is false.


Hope that helped you! c:
4 0
3 years ago
If Mikael decides to go out with his friends instead of study for his biology test, what is the opportunity cost?
denis-greek [22]

Answer:

Studying his biology test

Explanation:

opportunity cost refers to the cost of the forgone alternative inorder to enjoy another service

7 0
3 years ago
You are asked to recommend whether a firm should make or purchase product A. The following are data concerning the two options.
Alexxandr [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

For the purchase​ option:

Buying price= ​$22 per unit.

For the make​ option:

Weekly rental payment of ​$30,800

The firm also has to hire five operators to help make product A. Each operator works eight hours per​ day, five days per week at the rate of ​$14 per hour.

The material cost for the make option is ​$15 per unit of product A.

A) We need to find the number of units that makes the unitary fixed costs= $7

Weekly rental= 30800

Direct labor= ($14*8 hours*5workes)*5 days= 2800

Total fixed costs= $33,600

Unitary fixed costs= total fixed costs/ Q

7=33600/Q

Q= 4800 units

B) Now Q= 6600

Buy= 6600*22= $145,200

Make= 6600*15 + 33600= $132,600

3 0
3 years ago
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