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Lemur [1.5K]
2 years ago
5

Bee Company is a honey wholesaler. An income statement and other data for the second quarter of the year are given below:

Business
1 answer:
Elan Coil [88]2 years ago
7 0

Answer:

$431,200

Explanation:

Total Variable cost:

= Cost of goods sold + Selling expenses (8% of sales) + Administrative expenses

= 420,000 + (0.08 × $960,000) + [($960,000 ÷ $60) × 2]

= 420,000 + $76,800 + $32,000

= $528,800

Administrative expenses = [(sales ÷ Average selling price per unit) × Fixed administrative expenses per unit]

Therefore,

Bee Company's net operating income for the second quarter:

= Sales - Total Variable cost

= $960,000 - $528,800

= $431,200

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United Machining's margin was 2% and turnover was 3.0 on sales of $60 million for the year. On the basis on this information____
Hunter-Best [27]

Answer:

B, net income for the year was $1,200,000, average assets were $20 million, ROI was 6%

Explanation:

net income is calculated by multiplying the percentage margin by the sales. We have,

(2 ÷ 100) × $60,000,000

= 0.02 × $60,000,000

= $1,200,000

To calculate the average assets, sales is divided by the turnover.

we have, ($60,000,000 ÷ 3.0)

= $20,000,000.

To calculate the ROI, margin and turnover are multiplied.

we have,

(2% × 3.0) = 6%

Cheers.

3 0
2 years ago
XYZ Publisher can produce 200 books in a standard 8-hour day. It uses 5 employees. The average labor cost is $25/hour. A book re
Elza [17]

Answer:

C) 1.5

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4 0
2 years ago
If IBM manufactures a computer in the United States and sells it to a French business firm in Paris, it will cause an increase i
photoshop1234 [79]

Answer:

B

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When a country purchases a foreign produced good, it is known as import

the difference between export and import is known as net export.

Net export increases when export increases and decreases when import decreases.

As a result of the sale of the computer, US net export would increase and France's net export would decrease.

7 0
2 years ago
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The Gut follower or the random chance submitter
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7 0
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