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cricket20 [7]
2 years ago
8

The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the ye

ar is presented below: University Store, Inc. Income Statement For the Quarter Ended March 31 Sales $ 800,000 Cost of goods sold 560,000 Gross margin 240,000 Selling and administrative expenses Selling $ 100,000 Administration 110,000 210,000 Net operating income $ 30,000 On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed. The net operating income computed using the contribution approach for the first quarter is: a. $30,000 b. $180,000 c. $140,000 d. $0In a job-order costing system, the use of indirect materials that have been used for producti recorded to: A) Work in Process inventory: B) Finished Goods inventory. C) Raw Materials inventory. D) Manufacturing Overhead.
Business
1 answer:
MrRissso [65]2 years ago
4 0

Answer:

c. $140,000

D) Manufacturing Overhead.

Explanation:

800,000 / 40 = 20,000 books sold

variable cost per book:

$3 selling + 5% of the sale as adminsitrative cost =

3 + 40 x 0.05 = 5

5 x 20,000 = 100,000 variable cost

total variable cost:

560,000 + 100,000 variable selling and administrative = 660,000

  800,000      sales revenue

<u> - 660,000   </u>   variable cost

  140,000      contribution margin

Q2:

The indirect materials will be cahrge agains t the debit of manufacturing overhead to latter define the amount under-over applied

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You have savings of $157,000. After talking it over with your spouse, you agree to risk no more than 30% on your new business id
Marina86 [1]

Answer:

$47,100

Explanation:

The amount to be invested is not more than 30 % of $157,000

=30% x $157,000

=30/100 x $157,000

=0.3 x $157,000

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6 0
2 years ago
Clive's manager appointed him to lead the marketing group because Clive emerged as a natural team leader in a previous assignmen
Bezzdna [24]

Answer:

The correct answer is: formal .

Explanation:

The informal leader is defined as the one who influences other members of a work group or team; In most cases, they are not recognized by the formal power structure, nor do they receive extra compensation or benefit, nor do they have formal interference to fire or hire staff. They are individuals who, without the formal title or authority, act as defenders of the organization and raise their contribution and that of others through influence, knowledge, expertise and relationship building; acting generally? Below the water? as facilitators and motivators.

Within the group they play a decisive role in its effectiveness, due to its influence on the beliefs and expectations of its members, by setting goals and feedback. In addition, the informal leader maintains a reliable reputation as a source of reliable information, since it is the same group members who give them authority.

They use their influence to shape strategies, establish basic norms and values, allocate resources, coordinate intergroup efforts and negotiate with individuals outside the group. They learn to unite different groups of people with common interests or networks, while fostering and cultivating relationships within and outside the group. Not only do they create networks, but they become catalysts for others to form new communities throughout the organization.

5 0
2 years ago
In analysis of variance, ms between-groups provides a measure of ____.
Reptile [31]
<span> ms between-groups provides a measure of Variance.
In this context, MS stands for the Mean Square within the Group. This symbolized the variance that created because of the differences within individual samples after considering its degrees of freedom and the weighted average of the variance.</span>
4 0
2 years ago
Pearson Motors has a target capital structure of 30% debt and 70% common equity, with no preferred stock. The yield to maturity
Anuta_ua [19.1K]

Answer:

Cost of common equity is 16.49%

Explanation:

The WACC of weighted average cost of capital is the cost of a firm's capital structure. The capital structure of the firm can comprise of the following components namely debt, preferred stock and common stock.

For a firm which has only debt and equity, the WACC is calculated as follows,

WACC = wD * rD * (1 - tax rate)   +   wE * rE

Where,

  • w represents the weight of each component
  • r represents the cost of each component
  • we multiply the cost of debt (rD) by (1 - tax rate) to calculate the after tax cost of debt

Plugging in the values of the available components, we can calculate the cost of common equity to be,

0.1370 =  0.3 * 0.12 * (1 - 0.4)  +  0.7 * rE

0.1370 = 0.0216 + 0.7 * rE

0.1370 - 0.0216  = 0.7 * rE

0.1154 / 0.7  =  rE

rE = 0.164857  or  16.4857%    rounded off to 16.49%

4 0
2 years ago
Could the product flow operate independently from other channel flows?
11111nata11111 [884]
It could, as long as it fulfills these two conditions
- The products could generate enough profit without the boost that givenn by other channel flows.
- The independent operation would not cause a decrease in profit for other channels flow because eventually, business owners only want to do the combination that bring the most profit.
4 0
2 years ago
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