User Account

All Pages

What is the operating income

Assignment Help Accounting Basics
Reference no: EM132081725

Question - Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company has provided the following information:

Sales Revenue $557,000

Purchases (excluding freight in) 300,000

Selling and Administrative Expenses 69,000

Freight In 15,000

Beginning Merchandise Inventory 45,000

Ending Merchandise Inventory 55,700

What is the operating income for 2015?

A) $183,700

B) $304,300

C) $252,700

D) $257,000

Reference no: EM132081725

Questions Cloud

How many vacation days or work breaks were allowed : The following scenarios are actual cases from HR professionals taken from an online discussion forum. Create a single Word document that addresses.
What is the payback period : The equipment will have an initial cost of $900,000 and have a 6 year life. There is no salvage value for the equipment. What is the payback period
What is the cost per box of dry fruits : Crabapples Inc. purchases and sells dry fruit boxes. If Crabapples sold 5,000 boxes of dry fruits during the year, what is the cost per box of dry fruits
Experienced remarkable growth in tough dairying environment : Case Study Synlait Milk is an innovative dairy processing company that has experienced remarkable growth in a tough dairying environment.
What is the operating income : Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. What is the operating income for 2015
What would be the cost savings : If Quail is operating at capacity, what would be the cost savings if the transfer was made and Marlin currently is purchasing 100,000 units on the open market
Prepare star health income statement : Star Health Inc. is a fitness center in Oklahoma City. Prepare Star Health's income statement for the month of October
What was the cost of raw materials purchased : Costas Company has beginning and ending raw materials inventories of $64,000 and $80,000 respectively. What was the cost of raw materials purchased
Calculate the direct labor cost variance : Emerald produced 5,000 units during the quarter. Direct materials: 3 pounds per unit; $4 per pound. Calculate the direct labor cost variance

Reviews

Write a Review

Accounting Basics Questions & Answers

  Refer to the original data in the problem how many patient

murillo medical institute operates a 100 bed hospital facilityand offers a number of specialized medical

  Kaitlyn has a garden that has a length of 8 feet and a

kaitlyn has a garden that has a length of 8 feet and a width of 4 feet. if the length and width of the garden are

  Evaluate different capital investment appraisal techniques

For the following exercise, complete the calculations below. Evaluate different capital investment appraisal techniques by completing the calculations.

  Determine the expected net realizable value

Determine the expected net realizable value of the accounts receivable as of December 31.

  The market rate of interest for notes of similar risk

Prepare the journal entry for Brant Cargo to record the interest at December 31, 2011.

  Problem regarding the anarchic international system

What is in in an anarchic international system one with no common central power, when one state seeks to improve its security it creates insecurity in other states?

  Report components of comprehensive income

1.How do we report components of comprehensive income created during the reporting period?

  Significant pattern of differential treatment

Other hand, the Hispanic/Anglo results were comparable to the black/white results discussed earlier, with no significant pattern of differential treatment favoring either Hispanics or Anglos. How much were testers told they could afford?

  List the given steps of the accounting cycle

List the following steps of the accounting cycle in their proper order.

  Journalize the write-offs

Isner Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31, 2010: Journalize the write-offs for 2010 under the direct write-off method.

  The retained earnings account has been charged for

1. hartman inc. has prepared the following comparative balance sheets for 2012 and 2013 2013 2012 cash 287000 153000

  Why was codification needed

In the Course Home tab of your course shell, click on "FASB Codification Access." At the American Accounting Association login page enter your username.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd