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BartSMP [9]
2 years ago
15

Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is ______.

Business
1 answer:
butalik [34]2 years ago
3 0

Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.

<h3>What is gross profit?</h3>

Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.

Explanation:-  Gross Profit = (Net Sales – Cost of Goods Sold)

                       = ($50,000- $30,000)

                        = $20,000

Hence, the gross profit of the Blog Inc., would be $20,000.

Learn more about the gross profit here:-

brainly.com/question/18567528

#SPJ1

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The changes in account balances of the Vel Corporation during Year 6 are presented below: Increase Assets $356,000 Liabilities 1
zzz [600]

Answer:

b. $ 36,000

Explanation:

The fundamental accounting equation is

Assets = Liabilities + Stockholders Equity

Per the data provided in the question regarding changes in account balances

$ 356,000 = $108,000 + (240,000+24,000)

$ 356,000 = $ 372,000

= - ($ 14,000)

Since the data provides that a dividend payment of $ 52,000 has been made, we have to add it to our differential balance to get the income for the year.

$ - 14,000 + $ 52,000  = $ 36,000

6 0
3 years ago
Which is true about what a customer typically expects from a support technician?
vodomira [7]
<span>A customer expects a support technician to be knowledgeable, patient, and friendly. The support technician must be knowledgeable to the degree that they solve the issue at hand, but can also give basic information to a customer.</span>
3 0
3 years ago
3M Company executives were perplexed when the company's Scotch-Brite floor-cleaning product initially produced lukewarm sales in
Trava [24]

Answer: Custom.

Explanation:

The 3M company modified their product to resemble what is obtainable in the Custom of the Philippines people to enable increased sales. A custom of a people is the way of life or behavior of a people over a long period of time.

3 0
3 years ago
A local basketball team has won three championships in a row and is on a winning streak going into the final game. Explain how t
yulyashka [42]

Answer:

Fans might display a hindsight bias in the aftermath of a loss by claiming to have seen signs that the team would lose. Hindsight bias involves the tendency for people to perceive events that has already occurred as having been more predictable than it actually was. The fans may claim that they knew all along that the defeat was coming after such an impressive run of wins.

Some fans would blame to defeat on over confidence, citing that the team was to overconfident in their approach to the game having been a a good winning streak. They may point out that the overconfidence of the team led to them under rating their opponents which led to the defeats.

Lastly, fans might perceive the loss as the necessary outcome of a pattern (or a violation of a pattern) when, in fact, it was down to random events. The fans may claim that sooner or later the defeat would come after having one so many games in a role.

7 0
3 years ago
a company product sells for 170 and has variable cost of 50 associated with the product what is its contribution margin per unit
Stella [2.4K]

Answer:

Contribution margin per unit = 120 per unit

Explanation:

Given:

Sales price of a unit = 170

Variable cost per unit = 50

Find:

Contribution margin per unit

Computation:

Contribution margin per unit = Sales price of a unit - Variable cost per unit

Contribution margin per unit = 170 - 50

Contribution margin per unit = 120 per unit

Contribution margin ratio = [Contribution margin per unit / Sales price of a unit]100

Contribution margin ratio = [120 / 170]100

Contribution margin ratio = [0.7058]100

Contribution margin ratio = 70.58% (Approx.)

5 0
3 years ago
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