1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sergio039 [100]
3 years ago
6

Oliver Brush Company sells standard hair brushes. The following information summarizes Oliver​'s operating activities for 2018

​:
Selling and Administrative Expenses $52,704
Purchases 73,200
Net Sales Revenue 146,400
Merchandise Inventory, January 1, 2018 10,980
Merchandise Inventory, December 31, 2018 8,052


Requirements:
a. Calculate the operating income for 2018.
b. Oliver sold 6 comma 400 brushes in 2018. Compute the unit cost for one brush.
Business
1 answer:
ad-work [718]3 years ago
3 0

Answer:

a. $17,568

b. $22.88

Explanation:

Income Statement for 2018

Net Sales Revenue                                                       $146,400

Less Cost of Goods Sold :

Opening Merchandise Inventory            $10,980

Add Purchases                                        $73,200

Less Closing Merchandise Inventory     ($8,052)       ($76,128)

Gross Profit                                                                     $70,272

Less Expenses :

Selling and Administrative Expenses                         ($52,704)

Operating Income                                                          $17,568

Unit Cost = Total Sales Revenue / Total Sales Units

                = $146,400 / 6,400

                = $22.88

You might be interested in
Ezra runs a gyro stall at a farmers market
olga nikolaevna [1]
The rest of the question?
8 0
3 years ago
1. The Sherman and Clayton Acts The Clayton Act of 1914 classifies several business practices as illegal, including price discri
labwork [276]

Answer: Antitrust law

Explanation:

The Clayton Antitrust Act of 1914, was a part of the United States antitrust law with the aim of adding further substance to the United States antitrust law regime.

The Clayton Act was to prevent anticompetitive practices. It was enacted in 1914 with the objective of strengthening Sherman Antitrust Act. When Sherman Act was enacted in 1890, the regulators realized that that the act had some weaknesses which made it impossible to prevent anti-competitive practices in businesses so the Clayton Act addressed the issue.

6 0
3 years ago
Emphasizing the negative consequences that may occur unless a consumer changes behavior is called ________.
Andre45 [30]

Answer:

a fear appeal

Explanation:

Fear appeal is the strategy that induces fear in an individual with the aim of preventing a particular behaviour.

Usually a risk is presented to person and the consequences of taking a particular action is highlighted.

Fear appeal emphasises the negative aspects of a situation to discourage the participants from acting a particular way.

It is an important tool in malong positive change in an individual's attitudes, intentions, and behaviours.

7 0
2 years ago
Ace Electric's income statement reports Sales of $100,000; Cost of goods sold of $46,000, Operating expenses of $34,000, Interes
sukhopar [10]

Answer:

Total Sales

Explanation:

Vertical analysis is a financial statement analysis in which all the line items of any financial statements (income statement or balance sheet) are enlisted as a percentage of one main item. For income statement, the main item is total sales as the item starts with the total sales while for balance sheet, the main item is total assets as the summation of current and non-current assets conclude the total asset. Therefore, we need to give 100% for total sales if we analyse the ratio vertically.

3 0
3 years ago
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the
SpyIntel [72]

The question is incomplete. The complete question is :

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.

Regular withdrawal    $ 2200

Interest rate                        2%

Frequency                   Monthly

Time                                20 years

Solution :

Given :

Monthly withdrawal = $ 2200

Interest rate = 2%

Frequency = monthly

Time = 20 years

        = 20 x 12 = 240 months

Formula used :

$w=\frac{[PZ^{r-1}(Z-1)]}{[Z^Y-1]}$         with Z = 1 + r

where, w = monthly withdrawal

P = principal amount

r = monthly interest rate

Y = Number of months

So, w = 2200

     r = 2% = 0.02

     Z = 1 + r

        = 1 + 0.02 = 1.02

Y = 240

Therefore,

$2200=\frac{P(1.02)^{240-1}(1.02-1)}{(1.02)^{240-1}(1.02-1)}$

$P=\frac{2200(115.888-1)}{113.6164(0.02)}$

   = 111,231829

   ≈ 111,232 (rounding off)

Thus, the account balance = $ 111,232

3 0
3 years ago
Other questions:
  • Which of the following is an advantage of being an entrepreneur in the consumer service industry?
    7·2 answers
  • What is the option to sell shares of stock at a specified time in the future called?
    8·2 answers
  • Pauline wants to develop a line of flatware and pottery. She is experimenting with various names and symbols to develop a tradem
    10·1 answer
  • Lawn maintenance is an alternative energy source career.<br> A. <br> True<br> B. <br> False
    8·1 answer
  • On November 1, 2021, New Morning Bakery signed a $207,000, 6%, six-month note payable with the amount borrowed plus accrued inte
    7·1 answer
  • Roberto has a masters degree in computer science and an undergraduate degrees in math. He likes going to school and learning new
    15·1 answer
  • From a semiotic​ perspective, every marketing message has three basic​ components: an​ object, a​ symbol, and​ a(n) ________.
    13·1 answer
  • 41. You own 25% of Unique Vacations, Inc. You have decided to retire and want to sell your shares in this closely held, all equi
    13·1 answer
  • Communication response time must be faster than in the past to succeed in the modern workplace.
    8·1 answer
  • A stock dividend ______. (Check all that apply.) Multiple select question. causes retained earnings to decrease. increases a sto
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!