Answer:
Operating income 75,000
EBT 57,000
Net income ncome 34,200
Explanation:
Sales revenue 300,000
Cost of goods sold (160,000)
G&A expenses (40,000)
Selling expenses <u> (25,000) </u>
Operating income 75,000
loss on sale (22,000)
interest revenue 4,000
EBT 57,000
income tax expense
57,000 x 40% = (22,800)
Net income ncome 34,200
Answer:
A. Greater collectivism
Explanation:
Collectivism occurs when members are interdependent putting common goals over individual pursuits. The direct opposite is individualism. Over times, studies has shown that changes in societal beliefs has led to globalization and economic advancement. It also indicates that a pull away from greater collectivism accompanies economic development. This is because, individualism promotes economic development by driving individuals need to invest, innovate and accumulate wealth. As a result, collectivism is said to impede economic development and individualism is said to facilitate it.
Answer:
Insurance helps provide coverage for the insured item.
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Owner's equity = starting equity + revenues - expenses - withdrawals
$280,000 + $375,000 - $265,000 - $30,000
Owner's equity is $360,000.
Answer:
The minimum price is $960 per unit
Explanation:
Giving the following information:
The Engine Division, currently operating at capacity, has a unit sales price of $2,550 and unit variable costs and fixed costs of $1,050 and $750, respectively. The Production Division is currently paying $2,400 per unit to an outside supplier. $90 per unit can be saved on internal sales from reduced selling expenses.
Because there is unused capacity, we will no have into account the fixed costs.
Variable cost= 1,050 - 90= $960
The minimum price is $960