Hubbell Service Showed the Following Information for 2017: Net Sales

question 19

Essay

Hubbell Service showed the following information for 2017: Net sales revenue, $410,000; interest revenue, $11,000; cost of goods sold, $220,000; operating expense, $15,000, gain on disposal of segment, $30,000; and dividends declared, $14,000. Calculate operating income for 2017.

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Definitions:

Tariffs

Taxes imposed by a government on imported or exported goods to regulate trade, increase revenue, or protect domestic industries.

Production Locations

The specific sites or facilities where goods are manufactured or assembled.

Network Design Decisions

Encompasses the strategic choices involved in determining the most efficient and effective layout of a company's logistics, distribution, and supply routes.

Supply Chain Configuration

The arrangement and organization of the network of facilities and distribution options that perform the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers.