A manufacturer produced 7,500 total units. The cost of goods manufactured is $88,000 and the cost of goods sold is $71,000. The unit product cost is $9.47

There were 10,000 shares issued and outstanding before T-ball, Inc., decided to buy back some of its own stock to have on hand for end-of-year bonuses. It buys 200 shares at $30 per share. What happens to SE?

A. 0 No Effect B. (10,000) Treasury Stock C. (6,000) Treasury Stock D. 10,000 Common Stock; (10,000) Treasury Stock E. 6,000 Common Stock; (6,000) Treasury Stock F. (10,000) Cash G. (6,000) Cash H. 6,000 Cash

The formula used to calculate the operating income is ________

A) operating income = sales revenues + cost of goods B) operating income = sales revenues - cost of goods - SGA expenses - other operating expenses C) operating income = cost of goods + SGA expenses + other operating expenses D) operating income = sales revenues - SGA expanses E) operating income = sales revenues + cost of goods + SGA expenses + other operating expenses