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BartSMP [9]
1 year 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]1 year 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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When the economy is at equilibrium, a) inventories must equal zero. B) there are no leakages. C) leakages equal aggregate demand
jeyben [28]

Answer:D) leakages equal injections

Explanation:

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2 years ago
For a repayment schedule that starts at EOY four at ​$Z and proceeds for years 4 through 9 at ​$2Z​, ​$3Z​,..., what is the valu
Tamiku [17]

Answer:

$778.05625

Explanation:

The computation of the amount of repayment is shown in the attachment below:

Given that

Proceeds for year 4 through 9 at $2Z​, ​$3Z

The Principal of the loan amount = $10,000

Interest rate = 7% per year

Based on the given information, the value of Z or the amount of repayment is  

= Principal of the loan amount ÷ Total annuity

= $10,000 ÷ 12.85254119

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6 0
3 years ago
Information regarding Maxwell’s direct labor cost for the month of January follows: Direct labor hourly rate paid $ 29.20 Total
Umnica [9.8K]

Answer:

  1. <u>std rate  $30.64</u>
  2. <u>efficiency variance  $6,128.00</u>

Explanation:

We will work the rate variance to obtain the standard rate:

(standard\:rate-actual\:rate) \times actual \: hours DL \: rate \: variance

actual rate  $29.20

actual hours 11,700

difference  $1.44

rate variance  $16,800.00

(standard\:rate-29.2) \times 11,700 = 16,700

(standard\:rate= 16,700 \div 11,700 +29.2

<u>std rate  $30.64</u>

<u></u>

<u>Now we can solve for the labor efficiency variance:</u>

(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance

std  hours 11700

actual hours 11500

std rate  $30.64

difference 200

<u>efficiency variance  $6,128.00</u>

The diference is positive, sothe variance is favorable.

4 0
2 years ago
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Answer:

Explanation:

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Now put these values to the above formula  

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