Answer:
The correct answer is A.
Explanation:
Giving the following information:
Schrute Farm Sales buys portable generators for $470 and sells them for $720 He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $7,000 a month rent for his store and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June.
Revenue= 720*500= $360,000
Cost of goods sold= 470*500= 235,000 (-)
Sales commision= 0.05*360,000= 18,000 (-)
Contribution Margin= 107,000
Rent= 7,000 (-)
Fixed sales comission= 1,700 (-)
Operating income= $98,300
Answer:
Explanation:
simple interest formula: I = PRT
850=4200*2*(R)
850=8400*R
850/8400=R
Rate = .1011904761904762
Answer:
a. Sometimes candidates unpopular with the party leadership reach the top.
Explanation:
Under the primary system there is voting on the ballots which is secret in nature and under the caucus system people vote after listening to the individual nominees and then accordingly to the candidate they like.
In this manner, the candidates who are not even belonging to some recognized or popular parties are in leadership as their individual speech is too alluring to the people present for voting that they vote for that specific candidate.
Thus, the correct answer is:
Statement a.
The ans is a balanced sheet it the only acounting document that categorizes data
Answer: Manufacturing overhead for the month was underapplied by $19,000.
Explanation:
From the question, we are informed that before the closing of the overapplied or underapplied balance to cost of goods sold, the total of the debits to the manufacturing overhead account was $75,000 and the total of the credits to the account was $56,000.
This implies that the manufacturing overhead for the month was underapplied by ($75000 - $56000)= $19000. The manufacturing overhead debit balance shows that manufacturing overhead was simply underapplied in this case.
