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NemiM [27]
3 years ago
10

During its first year of operations, Silverman Company paid $10,285 for direct materials and $9,800 for production workers' wage

s. Lease payments and utilities on the production facilities amounted to $8,800 while general, selling, and administrative expenses totaled $4,300. The company produced 5,450 units and sold 3,300 units at a price of $7.80 a unit.
What was Silverman's net income for the first year in operation? (Do not round intermediate calculations.)

a. $21,440

b. $5,655

c. $16,940

d. $3,950
Business
1 answer:
Salsk061 [2.6K]3 years ago
4 0

Answer:

D.$3,950

Explanation:

Production = ($10,285 + $9,800 + $8,800) ÷ 5,450units

=$28,885÷5,450 units

= $5.3per unit

COGS = 3,300 units sold × $5.3 per unit

= $17,490

Net income = Revenue − Cost of goods sold − Selling and administrative expenses

Net income = (3,300 units × $7.80 per unit) − (3,300 units sold × $5.3per unit) − $4,300

=(25,740-17,490)-$4,300

= 8,250-$4300

=$3,950

Therefore Silverman's net income for the first year in operation is $3,950

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Answer:

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$26,000

Explanation:

a) Data and Calculations:

Divisions                      A              B            Total

Sales                      $45,000    $80,000   $125,000

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Variable expense   27,000      64,000         91,000

Contribution          $18,000    $16,000       $34,000

Traceable fixed

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Common fixed expense                                  ?

Total net income     5,000       14,000           8,000

The common fixed expense = $11,000

Total traceable and common fixed expenses = $26,000 ($34,000 - 8,000)

4 0
3 years ago
True or false: the minimum efficient scale is achieved at the minimum point on each average total cost curve.
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7 0
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You purchased 600 shares of SLG, Inc. stock at a price of $41.20 a share. You then purchased put options on your shares with a s
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Answer:

Profit of 3600

Explanation:

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so, Cost of buying the shares 24720

Along with it, i also bought the put option in $1.10 with a strike price of $45.

Buying the put option able me to sell the stock in 45 regardless of the price in stock market is.

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Answer:

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Explanation:

Advertising is far-reaching, which allows a large number of people to promote their business. TV, radio, newspapers, magazines, billboards are traditionally included. Social media, ad search ads, notebooks, e-mail are included. These help to build a brand image to reach new and existing customers for companies.

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Public relations, which involves developing a positive brand image in the media, are one of the best promotion techniques. It is a means of reaching your target audience through the sharing of favorable business information. Public relations efforts can be undertaken through press conferences, press releases, and media interviews.

In the short term, a sale promotion is a good way to improve your profit. Such promotion involves discounts, coupons, competitions, awards, loyalty programs, and other incentives that entice customers directly to purchase products.

7 0
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Answer:

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Since incentives influence behavior, they can act to stimulate the market. Stimulating the market refers to the actions that encourage increased economic activities. Incentives lead to increased levels of activities in the market.

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