If the Assembly Division Sells 100,000 Pairs of Shoes at a Price

question 45

Multiple Choice

If the Assembly Division sells 100,000 pairs of shoes at a price of $120 a pair to customers,what is the operating income of both divisions together?

• A)$8,800,000
• B)$6,800,000
• C)$6,000,000
• D)indeterminable

Appreciate the significance of the date of record and the procedure for recording large and small stock dividends.

Understand the different classes of stock (common and preferred) and their characteristics.

Comprehend the costs associated with forming a corporation and managing its equity.

Recognize how treasury stock transactions affect a corporation's financial statements.

---

Definitions:

Authentication

The process of identifying a computer user, based on a login or username and password. The computer system determines whether the computer user is authorized and what level of access is to be granted on the network.

Web

A vast network of interconnected documents and resources, accessed via the Internet through web browsers.

Cloud

A network of remote servers hosted on the Internet to store, manage, and process data, rather than on a local server or a personal computer.

Database

A digital collection of related data that can be stored, sorted, organized, and queried.