GLOBAL marketing in supply chain and logistics.

Learning Objective 20-2 1) Special sales orders increase operating income if the revenue from the order exceeds the incremental variable and fixed costs incurred to fill the order. 2) In deciding whether to accept a special sales order, management should consider the quantitative data ONLY and disregard qualitative factors. 3) Fixed costs are relevant to a special sales order decision if those fixed costs are subject to change as a result of the special order. 4) Origami Company is a price-taker and uses target pricing.  Please refer to the following information: Production volume 500,000 Units per year Market price $24.00 […]

21) Jarvis Foods produces a gourmet condiment which sells for $10.00 per unit.  Variable costs are $7.50 per unit, and fixed costs are $18,000 per month.  Jarvis is currently selling 8,000 units per month.  If Jarvis is forced to reduce the selling price down to $9.00 per unit, and volume remains constant, how will that affect its operating income? A) Operating income will go up by $6,000. B) Operating income will become a loss of $6,000. C) Operating income will become a loss of $2,000. D) Operating income will go up by $2,000. 22) Jarvis Foods produces a gourmet condiment […]

Question E3-16 (Closing Entries for a Corporation) Presented below are selected account balances for Homer Winslow Co. as of December 31, 2014. Inventory 12/31/14 Common Stock Retained Earnings Dividends Sales Returns and Allowances Sales Discounts Sales Revenue Instructions $ 60,000 75,000 45,000 18,000 12,000 15,000 410,000 Cost of Goods Sold Selling Expenses Administrative Expenses Income Tax Expense $225,700 16,000 38,000 30,000 Prepare closing entries for Homer Winslow Co. on December 31, 2014. (Omit explanations.) ANSWER IN WORD FORMAT A ORIGINAL SOURCE NOT USED BEFORE NOT ATTACHMENT PLEASE AND ANSWER THROUGHLY. THANK YOU.

Question Edwards Company contracted on 4/1/14 to construct a building for$2,400,000. The project was completed in 2016. Additional datafollow: 2014 2015 2016 Costs incurred to date $ 560,000 $1,350,000$1,900,000 Estimated cost to complete 1,040,000 450,000 —Billingsto date 500,000 1,900,000 2,400,000 Collections to date400,000 1,300,000 2,200,000 Instructions (a) Calculate the incomerecognized by Edwards under the percentage-of-completion method ofaccounting in each of the years 2014, 2015, and 2016. (b) Prepareall necessary entries for the year 2015. (c) Present the balancesheet disclosures at December 31, 2015. Proper headings orsubheadings must be indicated.