Galose Coffee Company sold 7,000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $8,000. What is the operating income earned in October?
A) $175,000
B) $315,000
C) $167,000
D) $140,000
C .C)
Sales Revenue ($45 x 7,000 ) $315,000
Less: Variable Costs ($20 x 7,000 ) (140,000 )
Contribution margin 175,000
Less: Fixed costs (8,000 )
Operating income $167,000
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Sanella Corporation reported the following equity section on its current balance sheet
The common stock is currently selling for $18.25 per share. Common Stock, $14 Par, 129,000 shares authorized,48,000 shares issued and outstanding $672,000 Paid-in Capital in Excess of Par-Common 167,000 Retained Earnings 350,000 Total Stockholders' Equity $1,189,000 What would be the balance in the Common Stock account after the issuance of a 10% stock dividend? A) $334,000 B) $604,800 C) $739,200 D) $672,000
The Food and Drug Administration regulates and oversees:
A) mailed marketing materials B) packaging and labeling of products, advertising on food products, and advertising of drugs C) television, radio, and the telephone industries D) the amount of time that television stations are permitted to advertise to children