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quot;I'll never understand this accounting stuff,quot; Ricardo Mulliade yelled, waving the income statement he had just received from his...
"I'll never understand this accounting stuff," Ricardo Mulliade yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month (February), we sold 1,000 stuffed Edmonds Community College mascots and earned $6,850 in operating income. This month (March), when we sold 1,500, I thought we'd make $10,275. But his income statement shows an operating income of $12,100! How can I ever make plans if I can't predict my income? I'm going to give Binta one last chance to explain this to me," he declared as he picked up the phone to call Binta Jallow, his accountant.
"Will you try to explain this operating income thing to me one more time?" Ricardo has asked Binta. "After I saw last month's income statement, I thought each mascot we sold generated $6.85 in net income; now this month, each one generates $8.07! There was no change in the price we paid for each mascot, so I don't understand how this happened. If I had known I was going to have $12,100 in operating income, I would have looked more seriously at adding to our product line.
Create a presentation and explain to Ricardo (1) how to interpret the information and (2) the answers to his questions. Your presentation should be visual with infographic style visuals to present your answers.