Voltice Services Provides Event Management Services The Business Segments Had the Following Number of Customers: Barney,24;

question 83

Multiple Choice

Voltice Services provides event management services.The company has three employees,each assigned to specific customers.The company considers each employee's territory as a business segment.The following data relate to its three segments for the month of June: $\begin{array}{|r|r|r|r|} \hline & \text { Barney } & \text { Margaret } & \text { Owen } \\\hline \text { Sale revenue } & \$ 8,000 & \$ 10,800 & \$ 13,350 \\\hline \text { Variable costs } & \$ 5,700 & \$ 7,200 & \$ 12,000\\\hline \end{array}$ The business segments had the following number of customers: Barney,24; Margaret,28; and Owen,33.The total fixed costs for the month amounts to $3,400.What is the operating income of Voltice Services for the month of June?

• A)$7,250
• B)$3,850
• C)$32,150 \(\text { D) } \$ 2,300\)

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Definitions:

Carrying Value

The amount at which an asset is recognized on the balance sheet after deducting accumulated depreciation and impairment losses.

Inventory

Goods and materials that a business holds for the ultimate goal of resale.

Declared Dividend

A dividend that has been announced by a company's board of directors to be paid to shareholders on a specified date.

Net Assets

The total value of a company’s assets minus its liabilities, indicating the actual worth of the company’s equity.