The value proposition for the AARP brand is seen in what kinds of benefits for the members?

Jefferson Company has sales of $300,000 and cost of goods available for sale of $270,000. If the gross profit ratio is typically

Ivenika [448]

Answer:

$60000

Explanation:

Given: Sales = $300000.

Cost of goods available for sale= $270000.

The gross profit ratio= 30%

First finding the gross profit out of total sales.

Gross profit= $30\% \times 300000$

Gross profit= $\$ 90000$

∴ Cost of goods sold= $Total\ sales - gross\ profit$

Cost of goods sold= $300000-90000$

Cost of goods sold= $\$ 210000$

Hence, cost of goods sold= $\$ 210000$

Now, finding estimated cost of the ending inventory.

Cost of ending inventory= $cost\ of\ goods\ available\ for\ sale - cost\ of\ goods\ sold$

⇒ Cost of ending inventory= $\$ 270000- \$ 210000$

∴ Cost of ending inventory= $\$ 60000$

Hence, estimated cost of the ending inventory under the gross profit method would be $60000.

3 0

3 years ago

The distinction between efficiency and equality can be described as follows:

larisa [96]

Answer:

The correct answer is the letter b. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.

Explanation:

Efficiency is about maximizing production while minimizing costs, ie producing as much as possible with available resources. Equality refers to the distribution of production, that is, the division into economically considered fair parts of what was produced among the agents of society. In the example, efficiency would be to produce the largest pie possible given the existing resources. Equality would be the distribution of the pie considered socially fair.

5 0

3 years ago

During 2020, Karen Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated

Ivan

Answer:

a. $842,250

b. $842,250

Explanation:

The computation is shown below:

a. For avoidable interest

Weighted average Interest rate applied avoidable interest

accumulated expenditures

$5,205,000 10% $520,500

$2,925,000 11% $321,750

Total $842,250

($8,130,000 - $5,205,000)

Working note for interest rate applied

Particulars Principal Interest

12% ten year bond $6,047,000 $725,640

9% 3 year bond $3,023,500 $272,115

total $9,070,500 $997,755

Now the interest rate is

= $997,755 ÷ $9,070,500

= 11%

2. Now the total interest capitalized is

Total interest is

= $520,500 + $725,640 + $272,115

= $1,518,255

And, the total avoidable interest is $842,250

So we considered the lesser amount i.e. $842,250

6 0

3 years ago

__________ is also called back-office processes, these are invisible to the external customer but essential to the effective man

mrs_skeptik [129]

Answer:

The correct word for the blank space is: Business-facing processes.

Explanation:

Business-facing processes are all those activities engaged by corporations to provide their goods or services to their clientele that are not portrayed to the final user. Those activities involve business planning, employee management, and third-party communications that might imply providing a customer's product.

5 0

4 years ago

The most effective approach to redecorating your clients rooms is to

Zielflug [23.3K]

You should always decorate around your clients needs and wants. The client is the most important.

6 0

4 years ago

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