Business, 05.05.2020 07:33 sunshine52577oyeor9
The following income statement was drawn from the records of Rundle Company, a merchandising firm: RUNDLE COMPANY Income Statement For the Year Ended December 31, Year 1 Sales revenue (6,000 units × $162) $ 972,000 Cost of goods sold (6,000 units × $81) (486,000 ) Gross margin 486,000 Sales commissions (10% of sales) (97,200 ) Administrative salaries expense (83,000 ) Advertising expense (37,000 ) Depreciation expense (42,000 ) Shipping and handling expenses (6,000 units × $2) (12,000 ) Net income $ 214,800 Required Reconstruct the income statement using the contribution margin format. Calculate the magnitude of operating leverage. Use the measure of operating leverage to determine the amount of net income Rundle will earn if sales increase by 20 percent.
Answers: 3
Business, 21.06.2019 20:20
The 2016 financial statements of the new york times company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the new york times company of $29,068 thousand, and average net operating assets of $354,414 thousand. the company's return on net operating assets (rnoa) for the year is: select one: a. 3.5% b. 6.9% c. 13.6% d. 18.7% e. there is not enough information to calculate the ratio.
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Business, 21.06.2019 20:30
marketing strategies should be established before marketing objectives are decided. t/f
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Business, 22.06.2019 17:20
Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?
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Business, 22.06.2019 18:30
You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2
Answers: 1
The following income statement was drawn from the records of Rundle Company, a merchandising firm: R...
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