Katie enterprises reports the year-end information from 20x8 as follows: sales (70,000 units) $560,000; cost of goods sold 210,000; gross margin 350,000; operating expenses 200,000; operating income $150,000. katie is developing the 20x2 budget.
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Last year the Perfection Logistics Company delivered a total of 3.1 million packages, during which they damaged 45,000 deliveries, sent 28,000 to the wrong address, and were late 20,000 times. Their percent perfect order is: A. 93,000 B. 3,007,000 C.
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Kelly Jones and Tami Crawford borrowed $46,500 on a 7-month, 4% note from Gem State Bank to open their business, Wildhorse's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023.
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