Gross margin equals
A) sales revenue - selling and administrative expenses
B) sales revenue - cost of goods sold
C) cost of goods manufactured + beginning finished goods inventory - ending finished goods inventory
D) total product costs + beginning work in process - ending work in process
B
You might also like to view...
Assume that a special pricing order is accepted for 5600 sails at a sales price of $150 per unit. This special order requires both variable manufacturing and variable selling and administrative costs, as well as incremental fixed costs of $400,000. What will be the impact on operating income?
Saltwater Sail Makers manufactures sails for sailboats. The company has the capacity to produce 36,000 sails per year and is currently producing and selling 25,000 sails per year. The following information relates to current production:
A) Operating income decreases by $380,800.
B) Operating income decreases by $19,200.
C) Operating income increases by $380,800.
D) Operating income increases by $19,200.
The objective of ______ is to ensure that there is sufficient manufacturing and distribution capacity to meet the demand forecasts.
a. operations planning b. financial planning c. supply planning d. demand planning
The final step in the capital budgeting process is ________
A) implementation B) follow-up C) review and analysis D) decision making
In 2001, Ryder Corp. paid a dividend of $2.20. In 1995, Ryder paid a dividend of $1.50. What is Ryder's dividend growth rate?
A) 47% B) 70% C) 10% D) 8% E) 12%