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Rasek [7]
3 years ago
6

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

: Utilities for the store ​$ 9 comma 600 Sales commissions 10 comma 100 Sales revenue 164 comma 800 Purchases of merchandise 89 comma 900 January 1 inventory 27 comma 000 Rent for store 13 comma 800 December 31 inventory 23 comma 500 What is operating​ income?
Business
1 answer:
marin [14]3 years ago
3 0

Answer:

$41,400

Explanation:

Calculation for Paper Clip Company Operating income

OPERATING NET INCOME for Paper Clip Company

Sales revenue 164,800

Less: Purchases of merchandise (89,900)

Utilities for the store (9,600)

Sales commission (10,100)

Rent for store (13,800)

Operating net income $41,400

Therefore the Operating net income will be $41,400

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With seven other homeowners, Marty was invited to a(n) _____ where the researcher asked the group general questions about how th
alisha [4.7K]

Answer:

The answer is:

focus group

Explanation:

a focus group is a small group of a population, made up of the different categories of the members of the larger population (demographic diversity, whose reactions on particular research are studied using a guided or open discussions, to reflect reliably the reactions that can be expected from the larger population. Use of focus groups is for data collection. In this example, the intended research is on "how homeowners do yard work" and " their views on hiring lawn care services". The group to be focused on (focus group) is the homeowners, so anyone who does not own is home is not part of this group and in order for this group to accurately reflect all the homeowners population, it should include men and women, with different types of homes.

6 0
3 years ago
A manufacturer of plastic canoes and fiberglass kayaks is experiencing an increase in the price of kayaks in the marketplace, wh
Effectus [21]

Answer:

an increase in the price of soccer balls.

Explanation:

Soccer balls are made of polyethylene and other petroleum oil derivates. An increase in the price of oil will lead to increased price of soccer balls, because the raw material price has gone up.

Kayaks also have raw materials derived from oil that is why they are experiencing a rise in price.

Kayaks and soccer balls will have a directly proportional relationship due to their common raw material source- oil.

8 0
3 years ago
A department had 600 units which were 40% complete in beginning Goods in Process Inventory. During the current period, 7,000 uni
STALIN [3.7K]

Answer:

The equivalent units produced is 7320

Explanation:

To get the units produced in this period we ignore the beginning inventory, we just add new transferred out  +ending inventory

  • 7,000 units were transferred out  
  • Al the end , we have 800 at  40%= 320

Adding the 3 items

UP=7000+320=7320

4 0
3 years ago
An agent calls a proposed insured and explains a universal life policy is a savings account with investment potential for retire
GenaCL600 [577]

Answer:

ADVERTISING REGULATIONS              

Explanation:

Advertising as an industry may be subject to legal legislation, but it could not be forbidden because it is not inherently unsafe or a drain on resources per se. The right to indulge in any legal private enterprise or occupation protects the right to promote it, and it is an expensive asset right to promote one's goods and services.

Most states have passed laws that vary considerably regarding deceptive advertising. The Federal Trade Commission (FTC) Legislation, as well as the Lanham Act, are indeed the major federal laws regulating misleading advertising. Underneath the FTC Act, misleading advertising comprises advertising that makes portrayals that the ad company does not have reasonable grounds to assume, even if the portrayals are true.                            

7 0
3 years ago
Crane Corporation acquires a coal mine at a cost of $476,000. Intangible development costs total $119,000. After extraction has
Alika [10]

Answer:

Dr Depletion expense 87,465

    Cr Accumulated depletion, coal mine 87,465

Explanation:

total depreciable costs = $476,000 + $119,000 + $95,200 - $190,400 = $499,800

depletion rate = $499,800 / 4,760 tons of coal = $105 per ton of coal

depletion expense during year 1 = $105 per ton x 833 tons = $87,465

Depletion expense is similar to depreciation expense, and is primarily used by extracting companies, e.g. mines, oil companies. Accumulated depletion decreases the book value of the asset.

7 0
3 years ago
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