Answer:
Net operating income= 88,000
Explanation:
Giving the following information:
Selling price= $20
Unitary variable cost= 20*0.3= 6
Fixed costs= $10,000
Units sold= 7,000
<u>We need to calculate the net operating income:</u>
Sales= 20*7,000= 140,000
Variable cost= 6*7,000= (42,000)
Contribution margin= 98,000
Fixed costs= (10,000)
Net operating income= 88,000
Answer:
$15,450
Explanation:
The computation of the common fixed expenses is shown below:
We know that,
Net operating income = Contribution margin + Sales × contribution margin - traceable fixed expenses - common fixed expenses
$35,700 = $47,800 + $235,000 × 25% - $55,400 - common fixed expenses
$35,700 = $47,800 + $58,750 - $55,400 - common fixed expenses
$35,700= $47,800 + 3,350 - common fixed expenses
So, the common fixed expense would be $15,450
Answer:
revenue bonds
Explanation:
A revenue bond is a Municipal bond used to fund projects that yield income and are secured through a particular source of revenue.
Characteristics of revenue bond.
1. It takes long time to maturity.
2. It yields more returns than the general obligation bond.
The purpose of a revenue bond is so that government can finance projects that generates income such as toll roads, airports, seaports, electricity projects, water projects etc.
Occupational education refers to a total program of education oriented to the world of work. Occupational education should be gin to take form in the elementary school with a basic introduction to the world of work in terms appropriate to the maturity level of the students.
Answer:
.B. 9.6
Explanation:
The formula and the computation of the accounts receivable turnover ratio is shown below:
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $240,000
And, the Average accounts receivable would be
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ($20,000 + $30,000) ÷ 2
= $25,000
So, the accounts receivable turnover ratio would be
= $240,000 ÷ $25,000
= 9.6 times
