ENGR.ECONOMIC ANALYSIS
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ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- View Policies Current Attempt in Progress Prepare a 2020 income statement for Oriole Corporation based on the following information: Cost of goods sold $480,000 Operating expenses 102,000 Other expenses and losses 30,500 20 Sales revenue 710,000 Tax rate 30% ORIOLE CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Revenue 710000 Cost of Goods Sold 480000 %24arrow_forwardProblem 16-15 (Algo) The owner of a large machine shop has just finished Its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue Cost of goods sold Value of production materials on hand Value of work-in-process inventory Value of finished goods on hand $368,000 317,000 42,500 59,000 23,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Inventory turnover ratio per year b. Compute the weeks of supply (WS). (Do not round Intermediate calculations. Round your answer to 1 decimal place.) Weeks of supplyarrow_forward9 Aphria Corporation listed on the Toronto Stock Exchange (TSX) produces 300,000 units a year and sells them all for $9 each. Aphria Corporation has explicit costs of production of $2,000,000 and its implicit costs of production are $350,000. Aphria Corporation earns an accounting profit of :20arrow_forward
- Subject: Engineering Economics Please write handwritten Answer And Explain Briefly Please don't use ChatGPTarrow_forwardGive typing answer with explanation and conclusionarrow_forwardUse the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,900 units at $225 each) Variable costs (10,900 units at $180 each) Contribution margin Fixed costs $ 2,452,500 1,962,000 490,500 387,000 Income $ 103,500 Exercise 18-12 (Algo) Target income and margin of safety LO C2 1. Assume Hudson has a target income of $159,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) 1. Amount of sales 2. Margin of safety %arrow_forward
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardIs this correct?arrow_forwardTextbook: Business Law: Text & Exercises by LeRoy Miller, William E. Howell The following is taken from the "Ethical Questions" section of Chapter 25: Devin Fink was the manager of Precision Tune Auto Care in Charlotte, North Carolina. Randall Stywall brought her car to the shop to have its rear shocks replaced. Fink filled out the service order, which included a cost estimate. Later, Stywall returned for her car, and Fink collected payment for the repair work. When Stywall started to drive away, however, the car performed as if the shocks had not been replaced. A complaint to Precision’s corporate office resulted in the discovery that, in fact, the repair work had not been done and that Fink had kept Stywall’s payment. Fink was charged with larceny against his employer. Fink argued that he had not committed this crime because Stywall was the victim, not Precision. Which agency principles support the larceny charge against Fink? What does Fink’s defense suggest about his ethics?…arrow_forward
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