Twisdale Corporation manufactures numerous products, one of which is called Omicron52. The company has provided the following data about this product: Unit sales (a) 160,000 Selling price per unit$42.00 Variable cost per unit$27.00 Traceable fixed expense$2,070,000 ?What is the net operating income for product Omicron52 at the current price?
A. $330,000
B. $6,720,000
C. $4,650,000
D. $2,400,000
Answer: A
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On June 30, 2014, a fire in Walnut Company's plant caused the total loss of a production machine. The machine was being depreciated at $20,000 annually and had a carrying amount of $160,000 at December 31 . 2013 . On the date of the fire, the fair value of the machine was $220,000, and Walnut received insurance proceeds of $200,000 in October 2014 . In its income statement for the year ended
December 31 . 2014, what amount should Walnut recognize as a gain or loss on disposition? a. $0 b. $20,000 loss c. $40,000 gain d. $50,000 gain
OSHA cited a farming company for a(n) _________ violation after a worker died from being entangled in mixing equipment used for cattle feed. An inspection found that the company did not have procedures to protect workers from moving machine parts and failed to supply locks to prevent the unexpected start-up of equipment.
A. willful B. serious C. other than serious D. failure to abate E. conscious violation
Weeks of inventory and inventory turns are reflected in:
A) working capital. B) operating expenses. C) cost of goods sold. D) cash flow.
Use the information in Figure K.1. What is the Euclidean distance between offices A and C?
A) less than or equal to 25 feet B) greater than 25 but less than or equal to 45 feet C) greater than 45 but less than or equal to 65 feet D) greater than 65 feet