Answer:
Their net operating income for the year was $39,628
Explanation:
Flip or Flop's net operating income for the year = Gross revenue - Cost of Goods Sold - Operating expenses
Their Cost of Goods Sold (COGS) was 21% of gross revenue, therefore:
Cost of Goods Sold = 21% x $93,200 = $19,572
The company has operating expenses for this same period of $34,000.
Net operating income for the year = $93,200 - $19,572 - $34,000 = $39,628
Answer:
Budgeted selling and administrative expense= $38,600
Explanation:
Giving the following information:
Variable expenses are expected to be $13,400 in the first quarter, and $3,900 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $21,300 in each quarter.
We need to determine the budgeted selling and administrative expense for the second quarter:
Budgeted selling and administrative expense= (13,400 + 3,900) + 21,300
Budgeted selling and administrative expense= $38,600
<span>The Great Leap featured communes without machines, while European industrialization included factories.</span>
Answer choice D is punctuated correctly due to the use of the long dash between the words year and summer.
Answer:
$8058
Explanation:
10/20/5 stands for a series of discount rates applicable on the list price. It means on total amount, 10% discount is allowed, then post deduction of this 10%, a further 20% on the balance is allowed and then a further 5% is allowed on the balance.
In the given case, single equivalent discount would be calculated as follows,
$25,500 × 10% = $2550
Then, ($25,500 - 2550) × 20%= $4590
Then, ($25,500 - 2550 - 4590) × 5% = $918
Single equivalent discount amount = $2550 + 4590 + 918 = $8058
