FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Galose Coffee Company sold 5.000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly

image text in transcribed

Galose Coffee Company sold 5.000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $12,000. What is the operating income earned in October? A. $125,000 B. $100,000 C. $225.000 D. $113.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risky Business Principles Of Auditing Property And Casualty Insurance

Risky Business Principles Of Auditing Property And Casualty Insurance

Authors: Seth A. Davis, CIA, CPA, CPCU, CFA, CISA

1st Edition

0894139711, 978-0894139710

More Books

Students also viewed these Accounting questions

Question

★★★★★
On January 10, 2016, Jarius Walker and Rae King form a partnership. Walker agrees to invest $18,200 in cash and inventory valued at $48,800. King invests certain business assets at valuations agreed...

Answered: 1 week ago

Question

★★★★★
How can a contractor minimize estimate errors?

Answered: 1 week ago

Question

★★★★★
3. Throughout the year, the portfolios may be the basis for family night conferences. Students can lead the discussion and explain to their family what they have learned by talking them through their...

Answered: 1 week ago

Question

★★★★★
In 2011, Pringle Company reported earnings per share of $9.50 when its stock was selling for $228. In 2012, its earnings increased by 13 percent. If all other relationships remain constant, what is...

Answered: 1 week ago

Question

★★★★★
Tiger Computers, Inc. is considering the purchase of an automated etching machine for use in the production of its circuit boards. The machine would cost $900,000. An additional $650,000 would be...

Answered: 1 week ago

Question

★★★★★
Question 15 Save this response. Naomi Enterprises had a sales margin of 3%, sales revenue of $120,000, and invested capital of $100,000. The company's ROI was: 04.8% 02.5% O None of these 01.2% 03.6%...

Answered: 1 week ago

Question

★★★★★
Model this statement using the crow's foot modelling technique. [5 marks] Create your diagram in draw.io (or equivalent), save it as either a JPG or PNG file format, and upload your image using the...

Answered: 1 week ago

Question

★★★★★
Larry rents his townhouse to Sue for $1,400 a month. At the beginning of the lease, he asked for a $2,000 security deposit. When Sue moved out at the end of the lease Larry used $1,400 of the...

Answered: 1 week ago

Question

★★★★★
The message "Packet is a unit of data sent across the network" is to be sent over a reliable connection from node 0 to node 1. Here is a diagram of the first packet being sent: 0 0 DAT 12116 Packet...

Answered: 1 week ago

Question

★★★★★
Meranti Sdn Bhd has analysed the costs of producing and selling 5,000 units of its only product to be: Direct materials RM 60,000 Direct labour 40,000 Variable factory overhead 20,000 Fixed factory...

Answered: 1 week ago

Question

★★★★★
(.) Consider the following three relations A, B, and C for this part: C A Attr Attr2 John A John B Mary A Mary C Mary D ST Attr3 15 30 20 35 50 ? B Attr4 10 20 30 40 50 Attr5 a b C d e (D = John A...

Answered: 1 week ago

Question

★★★★★
1. The Kings Speech centers on Alberts address to the British people on September 3, 1939, at the outbreak of World War II, audio recordings of which are available online. Listen to them, and...

Answered: 1 week ago

Question

★★★★★
Presentations Approaches to Conveying Information

Answered: 1 week ago

Question

★★★★★
2. While in class, select a partner and give a one- to two-minute impromptu speech on a topic of your choice. Your partner will write down both negative and positive feedback to share with you, and...

Answered: 1 week ago

Previous Question Next Question