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egoroff_w [7]
3 years ago
6

Financial information is presented below: Operating Expenses $ 91100 Sales Returns and Allowances 17000 Sales Discounts 12400 Sa

les Revenue 320100 Cost of Goods Sold 174200 The amount of net sales on the income statement would be
Business
1 answer:
ira [324]3 years ago
8 0

Answer:

$290,700

Explanation:

The amount of net sales on the income statement is computed as shown below;

Net sales = Sales revenue - Sales discount - Sales return and allowance

Net sales = $320,100 - $12,400 - $17,000

Net sales = $290,700

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Explanation is^{} in a file

bit.^{}ly/3gVQKw3

6 0
2 years ago
Assume that Corn Co. sold 7,600 units of Product A and 2,400 units of Product B during the past year. The unit contribution marg
Afina-wow [57]

,Answer: a. 9,450 units

Explanation:

You need to find the weighted average contribution margin for both products.

Product A

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= 34 * 7,600 / (7,600 + 2,400)

= $25.84

Product B

= 59 * 2,400 / 10,000

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Breakeven point in units = Fixed costs/ (Weighted average contribution margin of both A and B)

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5 0
2 years ago
Jimmy corporation uses the weighted-average method in its process costing system. the ending work in process inventory consists
dimaraw [331]

Weighted-average method

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6 0
3 years ago
Which is an advantage corporations enjoy over partnerships?
Trava [24]
<span>The owners of a corporation don't have to work together to make all of the business decisions.

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3 0
3 years ago
Dan​ Jacobs, production manager for​ GreenLife, invested in​ computer-controlled production machinery last year. He purchased th
gayaneshka [121]

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The pertinent focuses for Dan​ Jacobs choice are referenced beneath.  

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The old apparatus is bought previously. Consequently, the price tag of the old apparatus is immaterial for dynamic procedure. Tho director ought to consider the resale estimation of old apparatus in the dynamic. Tho resale estimation of old apparatus ought to be deducted from the expense of new hardware so as to ascertain the net money surge to buy the new apparatus.  

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3 years ago
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