Answer:Accounting profit equals total revenue minus accounting costs
Explanation: Accounting profits are actual profits a company makes during a particular accounting year and it can be calculated using the company's total revenue (sales) minus the company's costs ( costs of sales (purchases) plus operating costs) for that particular period under review.
Answer:
27.79%; $191,840
Explanation:
Given that,
Net sales = $763,000
Cost of goods sold = $551,000
Net Income = $20,160
Gross Profit
:
= Net sales - Cost of goods sold
= $763,000 - $551,000
= $212,000
Gross margin
:
= Gross Profit ÷ Net sales
= $212,000 ÷ $763,000
= 0.2779 or 27.79%
The operating expenses can be modeled with:
Net Income = Revenues - Expenses - COGS
$20,160 = $763,000 - Expenses - $551,000
Expenses = $191,840
National governments usually borrow money to fund their current expenditures as it to cover up their debts
Answer:
1) identify your problem: Try to describe the problem as much as possible, as opposed to focusing on the potential consequences or implications of the problem.
2) Pin point the problem
3) so that means you should do research based on the problem ^
4)Try evaluating the problem.. perhaps looking at it in perspective ^
5)see how the problem could affect you or others
6) Then work out a plan to solve the problem
Answer:
Total cost of transferred to finished goods inventory = $ 136,500
Explanation:
To value cost of transferred finished goods, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units (EUP) for each of the cost element.
So the value of the finished inventory, is determined as follows:
Value of inventory = cost per E.U.P × number of E.U.P
Direct Material = $5.00 × 21,000 =$ 105,000
Conversion cost = $1.50 × 21,000= $31,500
Total cost of transferred to finished goods inventory =
$ 105,000 + $31,500
= $ 136,500
