Answer
A= Net operating loss = (924800)
B= Net operating profit = $9000
Explanation: A B
(Poinsettia) (Fruit tree)
$ $
Sales =970000 ; = 3100000
less: Variable cost of goods sold = (<u>460000</u>) ; =(<u>1630000</u>)
Gross contribution margin 510000 ; 1470000
Less: <u>Selling expense (4% o sales)</u>
A (970000*4%)
B(310000 *4%) ( <u>38800</u>) ; ( <u>124000</u>)
Contribution margin 471200 ; 1346000
Less: Fixed overheads <u> (800000</u>) ; <u> (800000)</u>
(328800) ; 546000
less: Fixed Selling & admin expense <u>(146000)</u> ; <u> (87000) </u>
(474800) ; (459000)
Less: Common selling and admin expense (<u>450000) </u> ; (<u>450000)</u>
Net operating income /( loss) (924800) ; 9000
Answer:
The answer is B. After the income statement and before the statement of owner's equity.
Explanation:
Income Statement shows the profitability of a business over a period of time.
Balance sheet shows the financial position of a business at the end of the period.
Statement of owner's equity shows the changes in owner's equity over a period of time.
Balance sheet is prepared after the income statement because profit for the year(net profit) in income statement is a line item under owner's equity in balance sheet. It must be known and the figure(net income) must be transferred to balance sheet (equity).
It is prepared before the statement of owner's equity because changes in equity (difference between opening and closing balance under equity in balance sheet) is a line item under changes in owner's equity. Also, issues of shares(in balance sheet) is a line item under statement of changes in owner's equity.
Poster Panels is the correct answer.
An outdoor structure having a standardized size surface on which advertising posters may be posted.
"Poster panel" or ”billboard” means a sign, generally known as outdoor advertising, mounted on a permanent or semi-permanent structure and depicting information not directly related to the property upon which it is placed. Except where a specific distinction is drawn, the term “billboard” includes “poster panel".
Poster panel means a single or double faced non-accessory sign which is used for the display of a message produced on sheet paper and applied to the sign face or painted directly onto the sign face.
Learn more about Poster Panel or Billboard on
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Answer:
C) WIP InventoryWIP Inventory-Finishing
Explanation:
Cost of WIP is transferred through Molding to Coloring to the last process of the production finishing. After completing the finishing the balls are ready and the cost is transferred from WIP InventoryWIP Inventory-Finishing to Finished goods Inventory. So, the correct answer is C) WIP InventoryWIP Inventory-Finishing.
Answer:
Equity Theory
Explanation:
Based on the information provided within the question this seems to be a clear example of Equity Theory. This theory focuses on determining if the amount of a certain reward or payment that is divided among a set of individuals is fair, and is measured by comparing the contributions that are received by each individual or that set/group. Which seems to be the case in this scenario since June feels that it is unfair that they both do the same work and she is getting paid $1 less than her co-worker.
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