South coast appliance store is a small company that has hired you to perform some management advisory services. the following information pertains to 2017 operations. sales (6,000 microwave ovens) $6,000,000 cost of goods sold 870,000 store manager's salary per year 192,000 operating costs per year 305,000 advertising and promotion per year 40,000 commissions (4.1% of sales) 246,000 what are the estimated total costs if south coast's store expects to sell 8,900 units next year? a. $2,192,400 b. $4,104,950 c. $3,567,950 d. $901,900
Answers: 1
Business, 21.06.2019 20:20
On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:
Answers: 3
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Business, 22.06.2019 10:40
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
South coast appliance store is a small company that has hired you to perform some management advisor...
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