Answer:
North Company
Budgeted multiple-step income statement for the year ending December 31, 2020
Sales of $2,228,200
Cost of Goods Sold ($24 x 50,160) <u>($1,203,840)</u>
Gross Profit $1,024,360
Operating Expenses:
Selling and administrative expenses <u>($309,200)</u>
Operating Income $715,160
Non-Operating Expenses:
Interest Expense <u>($12,710) </u>
Operating Income before tax $702,450
Income taxes <u>($226,800)</u>
Operating Income after Tax <u> $475,650</u>
Explanation:
Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.
Answer:
D) Five Guys Burgers
Explanation:
Five Guys Burgers is the fastest growing fast food chain in the US, although that can be explained due to its relatively small size compared to other huge chains like McDonald's, Burger King or Wendy's. It currently operates 1,500 restaurants around the world (most in the US) and plans to open 1,500 more in the next few years.
Its greatest advantage is that is offers a differentiated service and its relative small size allows it to be more flexible. Its website also gets a lot of online traffic.
The combination of all these factors means that they have a lot of potential to grow and gain a higher market share.
The rate of return did an investor receive on the fund last year is : 8.87%.
<h3>Rate of return</h3>
Using this formula
Rate of return=(Dec fund's NAV -Jan fund's NAV +Income distribution+Capital gain distribution)/Jan fund's NAV
Let plug in the formula
Rate of return = ($23.15 - $23.00 + $.63 + $1.26)/$23.00
Rate of return =$2.04/$23.00×100
Rate of return = 8.87%
Therefore the rate of return did an investor receive on the fund last year is : 8.87%.
Learn more about rate of return here:brainly.com/question/24301559
#SPJ1
Answer:
Correct Answer:
4. minimizes total transportation costs.
Explanation:
When a good transportation method is applied, it helps in minimizing the transportation cost involved in moving goods and services from one location to another. <em>For example, it cost 2 million dollars to transport a particular product. With good transportation model, it would definitely be cheaper.</em>
