Nimtrans,Inc Calculate the Gross Profit for August Using Absorption Costing

question 147

Multiple Choice

Nimtrans,Inc.reports the following information for August: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 800,000 \\\hline \text { Variable Cost of Goods Sold } & 170,000 \\\hline \text { Fixed Cost of Goods Sold } & 70,000 \\\hline \text { Variable Selling and Administrative Costs } & 180,000 \\\hline \text { Fixed Selling and Administrative Costs } & 70,000 \\\hline\end{array}$$ Calculate the gross profit for August using absorption costing.

• A) $730,000
• B) $620,000
• C) $630,000
• D) $560,000

Recognize the impact of power dynamics on organizational behavior and personal integrity.

Identify the various responses to power including resistance, compliance, and conformity.

Understand the role of informal networks and social capital in organizational power structures.

Comprehend the concept and practical implications of political savvy within organizations.

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Definitions:

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Predicted Value

An estimated value calculated within the context of a statistical model based on existing observations and variables.

Y-Intercept

The point where a line crosses the Y-axis in a graph or chart.

Pearson r

A statistical coefficient expressing the linear correlation between two variables, ranging from -1 to +1.