1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRissso [65]
3 years ago
6

Splish Brothers Inc. accepted a national credit card for a $11200 purchase. The cost of the goods sold is $7200. The credit card

company charges a 3% fee. What is the impact of this transaction on net operating income?
Business
1 answer:
Ivahew [28]3 years ago
8 0

Answer:

Net operating income will increase by $3664.

Explanation:

Credit card sales = $11.200

Card fees = 3% * $11.200 = $336

Cost of goods sold = $7.200

Net operating income = Sales - Cost of goods sold - card fees

Net operating income = $11.200 - $7.200 - $336 = $3664.

So, net operating income will increase by $3664.

You might be interested in
Marcus and tony work for lombardo's pipe and concrete. mr. lombardo is preparing an estimate for a customer. he knows that maruc
Lana71 [14]
Given <span>that Marucs lays a slab of concrete in 6 hours and Tony lays the same slab in 4 hours. If both work on the job, the number of hours it will take them to lay the slab is given by:

\frac{1}{t} = \frac{1}{6} + \frac{1}{4}  \\  \\ = \frac{2+3}{12} = \frac{5}{12}  \\  \\ \Rightarrow t= \frac{12}{5} =2.4\ hours

Given that </span><span>the cost of labor is $44.00 per hour, t</span>herefore, <span>the labor estimate should be 2.4 </span>x 44 = $105.60 per slab.

7 0
3 years ago
The following are the relevant data for calculating sales variances for Fortuna Co., which sells its sole product in two countri
Dvinal [7]

Answer:

$26 U

Explanation:

Calculation to determine what The sales mix variance for the two countries is

First step is to calculate the sales mix variance in Gallia

Using this formula

Sales mix variance in Gallia={[Actual units sold-(Actual total units sold×Budgeted percentage)×Budgeted UCM}

Let plug in the formula

Sales mix variance in Gallia= {[260 –(520 actual × .6 )] × $3 }

Sales mix variance in Gallia=$156 U

Second step is to calculate the sales mix variance in Helvetica using this formula

Sales mix variance in Helvetica={[Actual units sold-(Actual total units sold×Budgeted percentage)×Budgeted UCM}

Let plug in the formula

Sales mix variance in Helvetica= {[260 –(520 × .4 )] × $2.50 }

Sales mix variance in Helvetica=$130 F

Now let calculate the multiple-country sales mix variance using this formula

Sales mix variance =Sales mix variance in Gallia-

Sales mix variance in Helvetica

Let plug in the formula

Sales mix variance= ($156 U –$130 F)

Sales mix variance=$26U

Therefore The sales mix variance for the two countries is $26U

4 0
3 years ago
An example of a negative externality is: Multiple Choice o the traffic created by a city hosting a popular event. o smell of a p
Katarina [22]

Answer:

the traffic created by a city hosting a popular event

Explanation:

Negative externality is when the benefits of economic activities to third parties is less than its cost. Negative externality is a form of market failure.

The cost of the event to the city is the traffic.

I hope my answer helps you

8 0
3 years ago
Jack is a gamer, and every time he plays at a gaming center, he pays five dollars using a card that he recharges electronically
Marina86 [1]

Answer:

It is evident that Jack uses <u>"e-cash"</u> as the mode of payment.

Explanation:

E-cash refers to a type of an electronic payment system, in which on a person's gadget a specific amount of cash is stored and you can use that money later for made available for online transactions.  

There is a benefit of transferring e-cash on internet that it costs less when you compare it with credit card processing charges.

7 0
4 years ago
The three most common cost behavior classifications are:___________A. variable costs, product costs, and sunk costs B. fixed cos
wel

Answer:

B. fixed costs, variable costs, and mixed costs

Explanation:

Mainly there are three types of cost i.e variable cost, fixed cost, and the mixed cost. The variable cost is that cost which is change when the production level change whereas the fixed cost is that cost which remains constant whether production level changes or not .  

The mixed cost is a semi-variable cost which include some part of the fixed cost and some part of the variable cost

So, the variable cost includes indirect material, indirect labor, and factory supplies

The fixed cost includes supervision, taxes, and depreciation expense.  

And, the mixed cost includes insurance, utilities, etc.

4 0
3 years ago
Other questions:
  • ​Organizations with adhocracy cultures are described as
    10·2 answers
  • When Jack was hired in 2011 at Ford Motor Company, he was offered $14 an hour. His best friend Sam started at the same plant doi
    14·1 answer
  • A factory currently manufactures and sells 800 boats per year. Each boat costs $5,000 to produce. $4,000 of the per-boat costs a
    8·1 answer
  • A General Electric employee was fired after he reported allegations of Foreign Corrupt Practices Act violations in Iraq to his s
    9·2 answers
  • Packet Corp. is in the process of preparing its financial statements for the year ended December 31, 20X1. How would a gain on r
    8·1 answer
  • A purchasing manager's performance is best evaluated using information such as:_______
    8·1 answer
  • Sew 'N More just paid an annual dividend of $1.42 a share. The firm plans to pay annual dividends of $1.45, $1.50, and $1.53 ove
    13·1 answer
  • A salesperson at Plumbers Warehouse searches public records of new building permits to identify potential customers for new bath
    13·1 answer
  • Name any four roles (functions) of money
    7·1 answer
  • Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!