Answer:
Sales revenue $ 710,000
Cost of goods sold $ 385,000
Gross Profit $ 325,000
Selling expense 71,000
Administrative expense 91,000
Operating Income 163,000
Non-Operating Income
Interest revenue 44,000
Gain on sale of investments 91,000
Interest expense (28,000)
Restructuring costs (67,000)
Income before taxes 203,000
Income tax expense (50,750)
Net Income 152,250
Shares outstanding 100,000
Earnings per share $1.52
Explanation:
We need to determinate gross profit.
then, the operating income therefore the interest and restructuring cost are not considered. Same goes for the gain on investment as aren't part of the business normal activities.
Answer:
The correct answer is A. Focusing on customer's wants so that the organization can distinguish its product (or products) from the competitors' products.
Explanation:
Specifically, the marketing concept involves the following:
- Focusing on the needs and wants of the customers so the organization can distinguish its product(s) from competitors’ offerings. Products can be goods, services, or ideas.
- Integrating all of the organization’s activities, including production and promotion, to satisfy these wants and needs
- Achieving long-term goals for the organization by satisfying customer wants and needs legally and responsibly
Answer: Is an example of money functioning as a UNIT OF ACCOUNT.
Explanation: Money is defined as an item of value between two or more parties used for the exchange of goods or services. It's various functions are; store of value, a unit of account, a medium of exchange.
Money as a unit of account is a measurement of value/cost of goods, services, or assets.
Answer:
b) straight line depreciation on factory equipment
Explanation:
The other three cost components are directly related to the level of production.
Wages of the assembly works increases with the level of production.
Direct materials also moves with the level of production
Electricity consumption is also linked to the level of production.
The depreciation on factory equipment on straight line method is not dependent on level of production. Even if there is no production the depreciation has to be charged
Answer:
Marginal thinking
Explanation:
Marginal thinking refers to the thinking of decision makers in which the one additional unit is more than its cost
Since in the question it is mentioned that the coach of basketball performed cost / benefit in order to achieve more points by doing more hours of practice
Therefore the given situation, it is an example of marginal thinking
