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What are the operating income and net income for the year ended in December 31, 2019
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Issued 190,000 shares of $4-par-value common stock for $760,000 in cash.Borrowed $550,000 from Oglesby National Bank and signed a 10% note due in three years.Incurred and paid $390,000 in salaries for the year.Purchased $720,000 of merchandise inventory on account during the year.Sold inventory costing $580,000 for a total of $910,000, all on credit.Paid rent of $220,000 on the sales facilities during the first 11 months of the year.Purchased $170,000 of store equipment, paying $54,000 in cash and agreeing to pay...
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Screen Shot 2021-01-30 at 8.49.07 PM.pngScreen Shot 2021-01-30 at 8.48.59 PM.pnganswers are noted in green. Need to show work(a) Find the inductance of the UI core(b) Find the current level that yields a flux density of 1.5 T, for this current, what is the energy stored in the inductor(c) repeat (a) and (b) if the airgap was removed from the inductor
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Required:1. Complete the table.2. Ramada sells its carts for $1,050 each. Prepare a contribution margin income statement for each of the three production levels given in the table.4. Calculate Ramada’s break-even point in number of units and in sales revenue.5. Assume Ramada sold 1,000 carts last year. Without performing any calculations, determine whether Ramada earned a profit last year.6. Calculate the number of carts that Ramada must sell to earn $30,000 profit.7. Calculate Ramada’s degree of operating leverage if it sells 2,050 carts.8. Using the degree of...