Reference: 06-02
Comparative Income Statements for Boggs Sports Equipment Company

question 98

Multiple Choice

Reference: 06-02
Comparative income statements for Boggs Sports Equipment Company for the last two months are presented below: $\begin{array}{|l|l|l|}\hline & \text { July } & \text { August } \\\hline \text { Sales in Units } & 11,000 & 10,000 \\\hline & & \\\hline \text { Sales Revenue } & \$ 165,000 & \$ 150,000 \\\hline \text { Less Cost of Goods Sold } & 72,600 & 66,000 \\\hline \text { Gross Margin } & 92,400 & 84,000 \\\hline \text { Less Operating Expenses: } & & \\\hline \text { Rent } & 12,000 & 12,000 \\\hline \text { Sales Commissions } & 13,200 & 12,000 \\\hline \text { Maintenance Expenses } & 13,500 & 13,000 \\\hline \text { Clerical Expense } & 16,000 & 15,000 \\\hline \text { Total Operating Expenses } & 54,700 & 52,000 \\\hline \text { Net income } & \underline{\$ 37,700} & \$ 32,000 \\\hline\end{array}$ All of the company's costs are either fixed, variable, or a mixture of the two (i.e., mixed) . The company is a merchandising company. Assume that the relevant range includes all of the activity levels mentioned in this problem.
-If sales are projected to be 8,000 units in September, total expected operating expenses would be?

• A)$46,600.
• B)$44,750.
• C)$41,600.
• D)$49,300.

Identify the implications of family dynamics on children's mental health.

Recognize the importance of environmental supports and healthy characteristics in the development of children with mental health disorders.

Understand the characteristics and educational needs of children with intellectual development disorders.

Distinguish between oppositional defiant disorder (ODD) and conduct disorder (CD) in children.

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Definitions:

Budget Constraint

A financial limit that represents the combination of goods and services a consumer can purchase with their available income.

Consumer's Income

The total amount of income earned by an individual or household from various sources, influencing their purchasing power and demand for goods and services.

Price of a Book

The amount of money charged for a book, determined by factors like publishing costs, author royalties, and market demands.

Budget Constraint

A restriction on the possible combinations of goods and services an individual can afford to buy given their income and the prices of the goods.