Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6 comma 500 units during the year. The company has provided the following information: Sales Revenue $ 577 comma 000 Purchases (excluding Freight In) 300 comma 000 Selling and Administrative Expenses 69 comma 000 Freight In 15 comma 000 Beginning Merchandise Inventory 45 comma 000 Ending Merchandise Inventory 42 comma 000 What is the operating income for the year? (Round your answer to the nearest whole dollar.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6 comma 500 units during the year. The company has ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Wayman Corporation reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 355,000 Income tax expense $ 45,000 Interest expense 15,000 Cost of goods sold 125,000 Salaries expense 35,000 Advertising expense 25,000
Answers (1)
Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions of $35,000. There are no casualty or theft losses in the itemized deductions.
Answers (1)
Carly is watching television and notices that she has seen the same commercial four times during the same program. she wonders why a company would pay for so many identical advertisements, so it seems she is unfamiliar with the
Answers (1)
For an action to be called fraudulent, all of the following conditions are required except: A. poor judgment B. false representation C. intent to deceive D. injury or loss
Answers (1)
At one time, Miller Beer was known as the "champagne of bottled beer." It was targeted at an elite class of customers. Later, to increase sales, Miller was repositioned to attract members of the working, middle-class.
Answers (1)
New Questions in Business
Which incentives do interest groups engage in to overcome the free rider problem? a. special discounts b. subscription to a magazine c. access to special information on the Internet d. All of these are correct
Answers (1)
Which of the following items is included in the financing activities section of the statement of cash flows? A. Cash effects of transactions involving making and collecting loans. B.
Answers (1)
A rapid build up of inventories normally requires additional financing, unless the increase is matched by an equally large decrease in some other assets. True False
Answers (1)
Amy has recently joined a new research institute. She had initially thought that her job would entail a lot of field work, which would allow her to gain some practical experience, but her manager just gives her a lot of paperwork instead.
Answers (1)
Mrs. watson believes that all immigrants should go back to the country they came from, and she refuses to hire any for her floral business. this is an example of:
Answers (1)