Make a cost-of-sales estimate. COGS. Determine how much money you make from selling the products. To calculate gross profit, deduct the cost of items from revenue.
Divide the result by revenue now. To calculate gross profit as a percentage, multiply it by 100. Gross profit is a metric reflecting how effectively a business uses labour and revenue to produce items or provide services to customers. You can better comprehend revenue-generating costs by looking at gross profit. The profit equation can be written as Profit = Revenue - Cost in its most basic form. Costs comprise both variable costs and fixed costs.
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Answer:
Petty Cash Fund $92 (debit)
Cash $92 (credit)
Explanation:
Petty Cash Custodian is granted an amount of money for petty cash expenses at the beginning of the period.
The Petty Cash Accounts depletes the Petty Cash Custodian incurs expenses during the period
<u>The following journals shows show the Petty Cash Depletes</u>
Coffee - Starbucks $13 (debit)
Supplies - Office Depot $ 46 (debit)
UPS - Delivery Costs $ 33
Petty Cash (credit) $92
The Petty Cash depleted by $92 during the period. The Petty Cash account has to be replenished by this amount from the Cash Book
Answer:
Whether the technology provides benefits and responds to customers needs
Explanation:
Technological innovation can be defined as the introduction of new technical products and services or improving an existing ones.
One major reason for this is to address human needs and better serve individual . Therefore whenever any firm wants to launch any new product , it is important that it must create a balance between what is technically possible and whether the new technology provides benefits and responds to customers needs.
Answer
The kinds of jobs that Americans can aspire to include; retail salespersons, registered nurses and customer service representatives
Explanation
According to the Bureau of Labor Statistics reports on employment, the retail salesperson job has the highest number of workers in America approximately 4.48 million workers earning a sum of $25,370 per year. Registered nurses earn a total of $68910 yearly with their numbers reaching 2.66 million workers. Customer service jobs has also attracted a good number of workers (2.39 million) earning an average of $33370.Americans can aspire positions in these areas of work.
Answer:
This means that receiving 9000 today is better for us as we will have more at the end of 6 years.
Explanation:
We need to first calculate what is the future value of payments in both scenarios. If we receive $9,000 today and invest it at 10% for 6 years we will have 9000*1.10^6=15,944
If we start reviving cash in 4 annual payments 2 years from now of $3000 we will have to find the future value of each individual payment and add them up.
First payment Future value = 3000*1.10^4=4392 (Money can be invested for 4 years at 10%)
Second payment future value = 3000*1.10^3=3993 (Money can be invested for 3 years at 10%)
Third payment future value = 3000*1.10^2=3630 (Money can be invested for 4 years at 10%)
Fourth payment future value = 3000*1.1=3300
Add them all up = 15315
This means that receiving 9000 today is better for us as we will have more at the end of 6 years.
