Answer:
<em>Gross Profit= Sales - Cost of Goods Sold</em>
Cost of Goods sold of 1 unit = $ 450,000/50,000
= $ 9
Cost of Goods Sold of 45,000 units = 45,000 * $ 9
= $ 405,000
<em>Gross Profit of 45,000 units = Sales revenue of 45,000 units - Cost of Goods sold of 45,000 units</em>
= 45,000 * $ 15 (Per Unit rate) - $ 405,000
= $ 675,000 - $ 405,000
= <em>$ 270,000 i.e. option b</em>
Explanation:
Refer to the answer.
Answer:
Dr Cash $1,500
Cr Account Receivable $1,500
Explanation:
Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:
Dr Cash $1,500
Cr Account Receivable $1,500
Answer:
(a) $5.87 per share
; $1.585 per share
(b) $110,700
Explanation:
(a) Earnings per share:
= (Operating profit - Interest expense - tax - preferred dividends) ÷ common stock outstanding
= ($282,000 - $39,200 - $61,700 - $29,500) ÷ 25,800
= $151,600 ÷ 25,800
= $5.87 per share
Common dividends per share for elite trailer parks:
= Dividend paid ÷ common stock outstanding
= $40,900 ÷ 25,800
= $1.585 per share
(b) The increase in retained earnings for the year:
= $151,600 - common dividend paid
= $151,600 - $40,900
= $110,700
Answer: Identify the alternatives.
Explanation:
Elvin is taking the third decision making step which is to identify alternatives. The first alternative in this case is improving the packaging of his products, while the second is offering price discounts.
Decision making involves all the steps required in knowing that a decision ought to be taken, getting the needed information that would inform that decision, and also analyzing alternate steps that could be taken .
Identifying the alternatives involves finding out the various solutions at ones disposal. Elvin identified two alternatives in this instance.
Answer:
Option "A" is the correct answer to the following statement.
Explanation:
A current news article reported that next year, OPEC is expected to reduce oil supply.
Summer is typically a period of higher demand for oil owing to the many families traveling and going to the holiday sites.
- Then it is a price increase and an unexpected amount shift.
The up-sloping demand curve, where there is little incentive to sell for increased prices, is moved to the right, since more vendors are willing to supply at a lower price, allowing volumes to increase for a particular price.
