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: $110,432
Explanation:
The cost allocated to the Office furniture is the percentage of total appraised cost * the price paid for the basket purchase because it shows what proportion of the Basket Purchase should be ascribed to the Office furniture.
Total Appraised value = 140,000 + 460,000 + 110,000
= $710,000
Office furniture Proportion = 140,000/710,000
= 0.1971830985
=0.1972
Amount to be allocated to Office furniture = 0.1972 * 560,000
= $110,432
$110,432 should be allocated to the office furniture.
= $110,422.
It’s b bruh...............
<span>the elements of product, price, place, and promotion which sport marketers manipulate to achieve marketing goals and objectives and are mostly visible and flexible. the price is in many ways one of the most visible, and for many organizations price is also potentially the most controllable and flexible element of marketing mix. The most visible element is price, and also it is seen to be possibly the most flexible element of the marketing mix, it is probably the most difficult to manage and it has to reflect the state of what matters is to understand that price does not stand alone, it interacts with the whole organization. Overall, price is very visible.</span>
The law of demand state correct option is (a) price and quantity demanded are inversely related.
What is law of demand states?
The law of demand is a fundamental principle of the economic idea of higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.
The rule of demand, if all other variables remain constant, the price and quantity desired of any good or service are inversely related. When the price of a product rises, the demand for that product low as well.
As result, the law of demand states as remain constant towards a price and quantity demanded are inversely related.
Learn more about law of demand states, here:
brainly.com/question/10782448
#SPJ1
