Answer:
Gross margin = $219,000
Operating income = $198,720
Explanation:
The computation of gross margin
and operating expenses is shown below:-
Gross margin = Net sales - Cost of goods sold
= $788,500 - $569,500
= $219,000
Net income = Gross margin - Operating expenses
$26,280 = $219,000 - Operating expenses
Operating expenses = $219,000 - $26,280
= $198,720
Therefore the gross margin is $219,000 and operating income is $198,720
We simply applied the above formulas
The characteristic that the manager needs to assess of the subordinate prior to delegating responsibilities is:
The type of leadership training that is being provided by the human resource director is:
<h3>What is Situational Leadership?</h3>
Situational leadership is seen when a manager delegates tasks based on the performance readiness of his staff.
The performance readiness in this case combines the ability of the person receiving the task and their willingness to execute the assigned task.
Learn more about situational leadership here:
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Answer:
c) generate awareness among consumers.
Explanation:
- For a marketing channel to emphasize the discontinuation innovation of the strategy would be to focus on proving knowledge pt the customers about the new launch product and the explain its features as the example of HP inkjet printer that was dos[released earlier
- the newer printhead technologies were developed that was a better way to put ink on the paper.
- As the new product that is unable to meet the requirement of the people can be recalled and hence a need pf awareness has to be done through proper marketing and promotion channels.
Answer:
$85 per machine hour
Explanation:
Actual Budgeted
Fixed costs $50,000 $47,960
Machine hours – Assembly 1,900 1,976
Variable costs – Assembly $121,000 $120,000
since the single rate method does not distinguish between fixed or variable costs, in order to determine the cost allocation rate we must add the fixed allocation rate and the variable allocation rate:
- variable allocation rate = $120,000 / 1976 machine hours = $60.73
- fixed allocation rate = $47,960 / 1976 = $24.27
total = $60.73 + $24.27 = $85 per machine hour
Answer:
Accrued Interest - $5,333.33
Explanation:
At the end of the year, due to the matching principle, expenses of the same period need to be matched with that period and 'expensed' in the same year.
In the scenario above there has been 4 months out of 9 used in the current year, hence as at December 31st. 4 months interest will be included in the current year and 5 months interest will be attributable to the following future.
4 months / 9 months * 6% * 200,000 = $5333.33
In consonance with the <em>accrual basis of accounting</em>, the amount of accrued interest that will be recorded with adjusting entries will be:
Dr Interest expense - 5,333.33
Cr Accrued Interest - 5,333.33
