Below is last month's business income statement for korey's comics. using the information provided in the statement, determine net income for korey's comics last month. korey? s comics monthly business income statement revenue sales: $6,825 returns: $215 net sales: cost of goods sold beginning inventory: $780 purchases: $1,795 goods available for sale: ending inventory: $795 total cost of goods sold: gross profit: : operating expenses wages: $1,460 rent: $650 utilities: $185 advertising: $90 taxes: $125 total operating expenses: net income: a. $2,320 b. $2,510 c. $4,830 d. $6,610 select the best answer from the choices provided a b c d
Answers: 1
Business, 22.06.2019 11:30
Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600
Answers: 3
Business, 22.06.2019 18:00
Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.
Answers: 2
Business, 22.06.2019 19:50
Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
Answers: 2
Below is last month's business income statement for korey's comics. using the information provided i...
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