Sales $ 2,700,000 $ 1,000,000 $ 600,000 $ 1,100,000 cost of goods sold 1,484,000 560,000 359,000 565,000 gross margin 1,216,000 440,000 241,000 535,000 selling and administrative expenses: selling expenses: direct advertising 121,300 37,000 42,000 42,300 general advertising* 19,000 7,037 4,222 7,741 sales salaries 152,000 47,000 42,000 63,000 delivery salaries 33,000 11,000 11,000 11,000 store rent 203,000 67,000 63,000 73,000 depreciation of store fixtures 46,360 17,800 8,700 19,860 depreciation of delivery equipment 27,000 9,000 9,000 9,000 total selling expenses 601,660 195,837 179,922 225,901 administrative expenses: store management salaries 77,000 24,000 24,000 29,000 general office salaries* 47,000 17,407 10,444 19,149 utilities 94,600 31,000 32,000 31,600 insurance on fixtures and inventory 24,900 7,800 8,800 8,300 employment taxes 36,300 11,100 12,200 13,000 general office expenses—other* 22,000 8,148 4,889 8,963 total administrative expenses 301,800 99,455 92,333 110,012 total operating expenses 903,460 295,292 272,255 335,913 net operating income (loss) $ 312,540 $ 144,708 $ (31,255) $ 199,08
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 04:50, ernie27
Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?
Answers: 3
Business, 22.06.2019 13:50, vegeta8375
The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.
Answers: 1
Business, 22.06.2019 20:20, jskdkfjf
Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.
Answers: 2
Do you know the correct answer?
Sales $ 2,700,000 $ 1,000,000 $ 600,000 $ 1,100,000 cost of goods sold 1,484,000 560,000 359,000 565...
Questions in other subjects:
Mathematics, 08.07.2019 20:20
