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vitfil [10]
2 years ago
9

At his comic book store, korey's comics, korey sells approximately $3,250 in comic books each month. but as a comic book dealer,

korey only pays $1,285 for these comic books. korey's monthly operating expenses, including labor, are $875. calculate korey's monthly net income.
Business
2 answers:
ElenaW [278]2 years ago
8 0

Answer:

answer is A on edge

Explanation:

kenny6666 [7]2 years ago
6 0
I think the answer is C $2,375
You might be interested in
Red Raider Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 400,000 units are expect
snow_tiger [21]

Answer:

$166.8

Explanation:

Given that,

Units expected to produced = 400,000 units

Machine hours required = 1.2 each

Manufacturing overhead costs:

= Department 1 + Department 2

= $2,530,000 + $2,752,000

= $5,282,000

Total Machine hours:

= Department 1 + Department 2

= 30,000 MH + 8,000 MH

= 38,000 MH

Overhead cost per machine hour:

= Manufacturing overhead costs ÷ Total Machine hours

= $5,282,000 ÷ 38,000 MH

= $139 per MH

Overhead cost per unit:

= Overhead cost per machine hour × Machine hours required for each

= $139 per MH × 1.2

= $166.8

8 0
2 years ago
Karen Wilson and Katie Smith are looking at the company's health care options and trying to determine how much their net pay wil
Rufina [12.5K]

Answer:

Without cafeteria plan Karen taxable income is 2250 dollars and with cafeteria plan the taxable income is $2135.

Without cafeteria plan Katie taxable income is 2075 dollars and with cafeteria plan the taxable income is $1960.

Explanation:

A married women Karen earns = $2250

Katie single women earn = $2075

Employee contribution to health care = $115

If the Karen decline to participate in the cafeteria then her taxable income is $2250 (wages).

If the Karen accept to participate in the cafeteria then her taxable income is $2250 - $115 (contribution) = $2135

If Katie declined to participate in the cafeteria then her taxable income is $2075 (wages).

If Katie accept to participate in the cafeteria then her taxable income is $2075 - $115 (contribution) = $1960

7 0
2 years ago
The ____________ approach to new product pricing sets prices high in order to recover development costs more quickly?
Tcecarenko [31]
Skimming is the correct answer
8 0
2 years ago
Fill in the blanks in the balance sheet of a bank based on the following​ information:
kumpel [21]

Answer: Banks Balance Sheet

Explanation:

                                                     Banks Balance Sheet

                                                                       $billion

<u>ASSETS:</u>

- Cash (Paper Money & Coins)                      250

- Federal Reserve Bank                                   170

- Deposit with other private banks               930      

- Loan to Households                                   2,700  

TOTAL ASSETS                                            <u> 4,050</u>

<u>LIABILITIES:</u>

- Customers Deposits                                  2,600

- Loans                                                            1,750

- Debts                                                              650

TOTAL LIABILITIES                                      <u>5,000</u>

<u>CAPITAL:</u>

-Physical capital                                            1,800

8 0
2 years ago
The Greenback Store’s cost structure is dominated by variable costs with a contribution margin ratio of 0.40 and fixed costs of
velikii [3]

Answer:

Cost structure:

\left[\begin{array}{ccc}&$greenback&$one-Mart\\$sales&480,000&480,000\\$variable cost&288,000&144,000\\$contribtuion&192,000&336,000\\$fixed&100,800&244,800\\$operating&91,200&91,200\\\end{array}\right]

a 10% increase in sales generates increase in profits for:

greenback: 19,200

one-Mart:   33,600

Explanation:

10 increase in sales:

480,000 x 10% = 48,000

to calcualte the increase in profit, we multiply the increase in sales by the contribution margin:

greenback 48,000 x 0.4 =  19,200

one-Mart 48,000 x0.7 = 33,600

8 0
2 years ago
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