Souza Inc., which produces and sells a single product, has provided its contribution format income statement for October. Sales (4,000 units)$88,000Variable expenses 40,000Contribution margin 48,000Fixed expenses 41,700Net operating income$6,300If the company sells 3,500 units, its net operating income should be closest to:
A. $5,513
B. $300
C. -$4,700
D. $6,300
Answer: B
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Where would the reader of a proposal find complete details of the proposal?
A) Introduction B) Body C) Executive summary D) Synopsis E) Close
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Andrea invested $13,500 cash in the business in exchange for common stock. 2. Andrea contributed $20,000 of photography equipment to the business. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months. 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9. Paid $275 cash for January utilities. Based
on this information, the amount reported as total stockholders' equity on the balance sheet at month-end would be: A. $30,875. B. $31,400. C. $31,150. D. $40,175. E. $39,200.
A nonvalue-adding activity is defined as a(n)
A) administrative or support activity that adds overhead cost to the product and increases its market value. B) activity that adds cost to a product but does not increase its market value. C) activity that adds no cost to the product but increases its market value. D) wasteful but unavoidable production activity.
________ is a moral theory which asserts that fairness is the essence of justice
A) Kantian ethics B) Moral relativism C) Utilitarianism D) Rawls's social justice theory