Homework Answers
Calculate operating income
| Store sales revenue | 4420000 |
| Marketing expense | -124900 |
| Other administrative expense | -108000 |
| Salaries expense | -800000 |
| Depreciation expense | -62500 |
| Cost of goods sold | -2652000 |
| Rent and utilities expense | -110000 |
| Operating income | 562600 |
So answer is a) $562600
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The accounting records of Marlon's Marvels, a retail store, show the following balances for the fiscal...
Question 18 Not yet answered Marked out of 1.00 Flag question The accounting records of Marlon's...
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January budgeted selling and administrative expenses for the retail shoe store that Craig Shea plans to...
January budgeted selling and administrative expenses for the
retail shoe store that Craig Shea plans to open on January 1, 2018,
are as follows: sales commissions, $24,000; rent, $17,500;
utilities, $4,100; depreciation, $3,900; and miscellaneous, $1,500.
Utilities are paid in the month after incurrence. Other expenses
are expected to be paid in cash in the month in which they are
incurred.
Required
Determine the amount of budgeted cash payments for January
selling and administrative expenses.
Determine the amount of utilities...
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January budgeted selling and administrative expenses for the
retail shoe store that Craig Shea plans to open on January 1, 2018,
are as follows: sales commissions, $24,000; rent, $17,500;
utilities, $4,100; depreciation, $3,900; and miscellaneous, $1,500.
Utilities are paid in the month after incurrence. Other expenses
are expected to be paid in cash in the month in which they are
incurred.
Required
Determine the amount of budgeted cash payments for January
selling and administrative expenses.
Determine the amount of utilities...
January budgeted selling and administrative expenses for the retail shoe store that Craig Shea plans to open on January 1, 2018, are as follows: sales commissions. $26,000: rent. $15,000; utilities, $5.600: depreciation. $3.900: and miscellaneous, 51,300. Utilities are paid in the month after incurrence. Other expenses are expected to be paid in cash in the month in which they are incurred, Required a. Determine the amount of budgeted cash payments for January selling and administrative expenses. b. Determine the amount...
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