Business, 30.07.2021 02:10 blackberri9675

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales 460 Selling price per unit $ 1,950 Cost per unit $ 1,575 Variable selling and administrative expense (per unit) $ 75 Fixed selling and administrative expense (per year) $ 105,000 Interest expense for the year $ 14,000 Required:
Prepare the company's budgeted income statement using an absorption income statement format shown below Gig Harbor Boating Budgeted Income Statement Sales 897,000 Cost of goods sold (724,500) Gross margin 172,500 Selling and administrative expenses (139,500) Net operating income 33,000 14,000 Interest expense 19,000 Net income

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 15:10, hvvhvc

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4

Answers: 2

continue

Business, 22.06.2019 20:30, anilauferc

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase

Answers: 3

continue

Business, 23.06.2019 13:20, zack66828

John and sue smith are a married couple who file a joint income tax return. they have two children, so they claim a total of 4 exemptions (based on calendar year 2015 tax law, a personal exemption of $4,000 per person or dependent can be deducted from total income). in addition, they have legitimate itemized deductions totaling $25,750. their total income from wages is $237,500. what is the couple’s taxable income? $195,750 $221,500 $229,500 $205,750

Answers: 3

continue

Business, 23.06.2019 20:30, banks9244

Saks fifth avenue wants to learn about its consumers' attitudes toward on-line purchases. there are numerous studies that are available about consumers and on-line buying, but saks believes its customers might be different from the usual on-line consumer profile, so they decide to conduct their own study. if saks were to use the available data about consumer attitudes, it would be using data; however, if saks does its own study it would collect data.

Answers: 3

continue

You know the right answer?

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Manageme...